Prince Edward Island

As of June 2026, Charlottetown, Cavendish, Summerside have 1,294 active Airbnb and VRBO listings. This represents a 9% decrease from the previous year.

The average Airbnb or VRBO in Prince Edward Island generates C$27K per year. High-performing properties earn C$57K/year, while low-performing properties earn C$15K/year. The massive revenue gap suggests that market success is heavily skewed toward specific segments, potentially driven by listing visibility or unique property configurations that capture the limited demand.

Airbnb and VRBO can be profitable in Prince Edward Island. Average annual revenue is C$27K with 35% occupancy. High-performing properties earn up to C$57K/year. The 35% occupancy rate indicates a highly seasonal market where revenue potential is concentrated, making the high-performing tier an outlier in a challenging landscape.

The average occupancy rate for Airbnbs and VRBOs in Prince Edward Island is 35%. This occupancy level, combined with an average nightly rate of C$259, results in a RevPAR (revenue per available room) of C$38 per day.

4+ bedroom properties demonstrate the strongest performance in Prince Edward Island, with annual revenue of C$34K. These properties balance operating costs and rental demand most effectively in the Prince Edward Island market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Prince Edward Island area. Charlottetown: Moderate. Business license required, zoning compliance needed, safety standards enforced. City actively monitors compliance and issues violations for unlicensed operators. Cavendish: Lenient. Part of unincorporated area with minimal provincial oversight. Tourist accommodation registration suggested but enforcement light in practice. Summerside: Moderate. Business license and zoning approval required. City enforces regulations but smaller market means less systematic monitoring than Charlottetown. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Prince Edward Island Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 9% year-over-year, while RevPAR has decreased 32%. This indicates balanced supply-demand dynamics. The concurrent drop in both supply and revenue suggests that declining consumer interest is currently outpacing the contraction of available inventory.

Launch around April, 2-3 months before peak summer season (July peaks). This pre-peak timing lets you build reviews when competition is 83% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (December-January) when gaining traction is harder.

The most common amenities in Prince Edward Island listings include: Kitchen (98%), Tv (87%), Air Conditioning (86%), Heating (81%), Washing Machine (79%). Amenities that boost revenue the most include Washing Machine, Air Conditioning, Lake Access, with Washing Machine properties earning approximately 32% more (C$52K/year vs C$39K/year).

Monthly estimated revenue per listing in Prince Edward Island over the last 12 months: May: C$960, June: C$2K, July: C$3K, August: C$3K, September: C$2K, October: C$1K, November: C$483, December: C$423, January: C$248, February: C$309, March: C$427, April: C$614. 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 Prince Edward Island is C$259, up 8% year-over-year. By property size: 1-bedroom properties average C$181/night, 2-bedroom properties average C$232/night, 3-bedroom properties average C$281/night, 4+ bedroom properties average C$500/night. Rates peak in August and are lowest in January.

Guests in Prince Edward Island book an average of 38 days in advance, down 25% from last year. By property size: 1-bedroom: 34 days, 2-bedroom: 38 days, 3-bedroom: 41 days, 4+ bedroom: 43 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Prince Edward Island Airbnb and VRBO market has seen the following changes: supply declined 9%, revenue per listing decreased 32%, occupancy rose 2%, average nightly rates increased 8%, and lead time decreased 25%. These metrics reflect a shift toward shorter booking windows and higher pricing pressure despite lower overall demand.

In Prince Edward Island, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Saturday and are lowest on Wednesday. Weekends show 13% higher occupancy than weekdays.