Vancouver vs Toronto’s Airbnb Market #torontorealestate #vancouverrealestate #vancouverrealtor

Shaun Ghavami | Airbnb CoachJun 1, 20240m 7s662 viewsScore 75
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Summary

AI-generated

A direct statistical comparison of the Vancouver and Toronto Airbnb markets, highlighting that Vancouver significantly outperforms Toronto in median revenue, ADR, and occupancy despite having fewer listings.

Key insights

  • Vancouver is a higher-performing market than Toronto on a per-unit basis, with a median revenue of $38,000 compared to Toronto's $26,900.

Mistakes to avoid

  • Don't rely solely on a high AirDNA Market Score (Toronto: 97 vs. Vancouver: 92) to pick a location, as Toronto’s higher score does not translate to higher individual property revenue.

Tools & resources

  • AirDNAtool

    Used to provide the market scores, occupancy rates, and revenue data for both cities.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial