Toronto is a vibrant city that attracts visitors from different backgrounds and interests. You name it, the city has it all. From extreme adventures, serene parks, markets, concertgoers, and luxury shopping experiences. As hosts and investors, you must be super curious about the Airbnb occupancy rate in Toronto and the estimation of Airbnb revenue in Toronto that you can achieve per month or yearly.
The average Airbnb occupancy rate in Toronto is around 70%–77%, depending on property type, seasonality, and location. This makes it one of the stronger-performing short-term rental markets in Canada. The essential data reveals how often your property is booked compared to its availability. Based on the calculation results, hosts and investors can adjust their business strategies to maintain profitability. Aspects such as property amenities, seasonal demand, and local events could influence the demand for Airbnb in Toronto.
Let’s discover more about the average Airbnb occupancy rate in Toronto, how to improve your Airbnb occupancy rate in Toronto, the consequences of operating illegally, and the benefits of owning a legal license.
How do we calculate the average Airbnb occupancy rate in Toronto? The Airbnb occupancy rate is calculated by dividing the number of nights a property is booked by the total number of available nights, then multiplying by 100. For example, let’s say your property is available for 40 nights and is booked for 28 nights in a month:
A 70% occupancy rate is often considered a good benchmark. Factors such as seasonal trends, negative reviews, and Airbnb certifications can negatively impact your occupancy rate score.
According to Inside Airbnb, there are currently 21,867 active listings, with 11,763 single listings and 10,104 multi-listings in Toronto. Data from Airbtics highlighted that the average annual Airbnb revenue estimated for Toronto in 2024 has reached CA$36K (USD$25,158).
Understanding the average occupancy rate can guide you in setting your pricing, planning marketing strategies, and managing Airbnb operations to reach your financial goals.
Targeting the best areas with the probability of the highest average Airbnb occupancy rate in Toronto? These 5 suburbs are among the best areas for Airbnb in Toronto for unique reasons.
Offers charming European-style streets, lively patios, and a strong Italian and Portuguese cultural influence.
A vibrant community-feel collegiate atmosphere and cultural venues that appeal to academics, international travellers, and art enthusiasts.
Known for its elegant Victorian architecture, cobblestone streets, world-class culinary scene, high-end designer shops, impressive art galleries, and museums.
If you’re planning your investment, check out our guide to the best areas for Airbnb in Toronto to identify high-performing neighbourhoods.
The good news is that you can improve your average Airbnb occupancy rate in Toronto through these effective strategies:
To sum up, Toronto is an amazing place to start your Airbnb business. Our city offers one of the best average Airbnb occupancy rates in all of North America.
Toronto’s Airbnb market offers promising opportunities for hosts and investors. Implementing effective marketing strategies can significantly improve your occupancy rates and help you achieve your financial goal.
Still, doubting? Have a chat with Maxima Properties, a locally owned and Toronto-based Airbnb management company dedicated to removing the hassle of running an Airbnb for homeowners.
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Guide to Starting an Airbnb in Toronto
