Toronto

As of May 2026, Toronto, Mississauga, Niagara Falls, Hamilton have 7,548 active Airbnb and VRBO listings. This represents a 32% decrease from the previous year.

The average Airbnb or VRBO in Toronto generates C$37K per year. High-performing properties earn C$101K/year, while low-performing properties earn C$15K/year. The massive revenue gap suggests that market success is heavily bifurcated, where a shrinking supply pool is increasingly dominated by a small segment of top-tier assets capturing the bulk of demand.

Airbnb and VRBO can be profitable in Toronto. Average annual revenue is C$37K with 42% occupancy. High-performing properties earn up to C$101K/year. A 42% occupancy rate alongside declining supply indicates that while the market is consolidating, high-performers are maintaining strong utilization despite overall revenue contraction.

The average occupancy rate for Airbnbs and VRBOs in Toronto is 42%. This occupancy level, combined with an average nightly rate of C$240, results in a RevPAR (revenue per available room) of C$71 per day.

4+ bedroom properties demonstrate the strongest performance in Toronto, with annual revenue of C$60K. These properties balance operating costs and rental demand most effectively in the Toronto market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Toronto area. Toronto: Strict. Principal residence only, max 180 days/year if entire home, registration required. Active enforcement with fines, delistings from platforms. Mississauga: Strict. Principal residence required, licensing mandatory, prohibited in most zones. Active enforcement, significant compliance checks. Niagara Falls: Moderate. License required, zoning restrictions, some areas prohibited. Moderate enforcement, many operate in grey areas. Hamilton: Moderate. License required, principal residence in some zones, 28-day minimum in others. Moderate enforcement, compliance improving. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Toronto Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 32% year-over-year, while RevPAR has decreased 8%. This indicates balanced supply-demand dynamics. The synchronized drop in both supply and RevPAR suggests that the market is adjusting to lower demand levels rather than experiencing an oversupply-driven price collapse.

Launch around June, 2-3 months before peak fall season (September peaks). This pre-peak timing lets you build reviews when competition is -28% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (May-January) when gaining traction is harder.

The most common amenities in Toronto listings include: Kitchen (99%), Tv (96%), Air Conditioning (95%), Heating (94%), Washing Machine (89%). Amenities that boost revenue the most include Hot Tub, Pool, Gym, with Hot Tub properties earning approximately 34% more (C$78K/year vs C$58K/year).

Monthly estimated revenue per listing in Toronto over the last 12 months: May: C$2K, June: C$2K, July: C$2K, August: C$3K, September: C$3K, October: C$3K, November: C$2K, December: C$2K, January: C$1K, February: C$1K, March: C$2K, April: C$3K. 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 Toronto is C$240, down 4% year-over-year. By property size: 1-bedroom properties average C$172/night, 2-bedroom properties average C$273/night, 3-bedroom properties average C$352/night, 4+ bedroom properties average C$471/night. Rates peak in August and are lowest in January.

Guests in Toronto book an average of 31 days in advance, down 14% from last year. By property size: 1-bedroom: 30 days, 2-bedroom: 32 days, 3-bedroom: 34 days, 4+ bedroom: 33 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Toronto Airbnb and VRBO market has seen the following changes: supply declined 32%, revenue per listing decreased 8%, occupancy rose 5%, average nightly rates decreased 4%, and lead time decreased 14%. Rising occupancy despite lower rates suggests that hosts are trading pricing power for volume to maintain market share amidst shifting booking windows.

In Toronto, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Saturday and are lowest on Monday. Weekends show 15% higher occupancy than weekdays.