Lake Country

As of May 2026, Kelowna, Vernon, Penticton have 3,606 active Airbnb and VRBO listings. This represents a 18% decrease from the previous year.

The average Airbnb or VRBO in Lake Country generates C$42K per year. High-performing properties earn C$93K/year, while low-performing properties earn C$19K/year. The substantial variance between top and bottom earners suggests that market success is heavily skewed, as supply contraction has yet to compress the spread between top-tier and underperforming assets.

Airbnb and VRBO can be profitable in Lake Country. Average annual revenue is C$42K with 31% occupancy. High-performing properties earn up to C$93K/year. This wide revenue gap indicates that while the broader market stabilizes, top performers are successfully capturing a disproportionate share of the limited demand.

The average occupancy rate for Airbnbs and VRBOs in Lake Country is 31%. This occupancy level, combined with an average nightly rate of C$392, results in a RevPAR (revenue per available room) of C$81 per day.

4+ bedroom properties demonstrate the strongest performance in Lake Country, with annual revenue of C$71K. These properties balance operating costs and rental demand most effectively in the Lake Country market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Lake Country area. Kelowna: Strict. Business license required, principal residence only, max 2 bedrooms, 90-day cap for non-owner-occupied. Active enforcement with compliance checks and fines. Vernon: Moderate. Business license required, principal residence rule, zoning restrictions. Moderate enforcement, some unlicensed operations exist. Penticton: Strict. Business license mandatory, principal residence only, max 2 bedrooms or 4 guests. Active bylaw enforcement with penalties for violations. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Lake Country Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 18% year-over-year, while RevPAR has increased 1%. This indicates balanced supply-demand dynamics. The simultaneous reduction in inventory and slight revenue growth suggests the market is reaching a point of equilibrium where fewer active listings are absorbing existing travel demand.

Launch around December, 2-3 months before peak winter season (March peaks). This pre-peak timing lets you build reviews when competition is 9% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (May-November) when gaining traction is harder.

The most common amenities in Lake Country listings include: Kitchen (96%), Tv (82%), Washing Machine (81%), Heating (72%), Air Conditioning (72%). Amenities that boost revenue the most include Washing Machine, Hot Tub, Pool, with Washing Machine properties earning approximately 52% more (C$68K/year vs C$45K/year).

Monthly estimated revenue per listing in Lake Country over the last 12 months: May: C$1K, June: C$2K, July: C$3K, August: C$3K, September: C$2K, October: C$1K, November: C$929, December: C$3K, January: C$3K, February: C$4K, March: C$4K, April: C$2K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Lake Country is C$392, up 16% year-over-year. By property size: 1-bedroom properties average C$205/night, 2-bedroom properties average C$326/night, 3-bedroom properties average C$517/night, 4+ bedroom properties average C$853/night. Rates peak in February and are lowest in May.

Guests in Lake Country book an average of 42 days in advance, down 11% from last year. By property size: 1-bedroom: 37 days, 2-bedroom: 41 days, 3-bedroom: 46 days, 4+ bedroom: 53 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Lake Country Airbnb and VRBO market has seen the following changes: supply declined 18%, revenue per listing increased 1%, occupancy fell 5%, average nightly rates increased 16%, and lead time decreased 11%. These shifts reveal a market transitioning toward shorter booking windows and higher pricing, despite a broader decline in utilization rates.

In Lake Country, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Saturday and are lowest on Wednesday. Weekends show 26% higher occupancy than weekdays.