Airbnb Statistics by City: Toronto

The Rooms in Toronto

The opportunities are endless for hosts who wish to generate extra income through the Airbnb platform. Whether you have an entire property available in Toronto, or just wish to rent out some private or shared rooms, then you can tap into the huge Airbnb Toronto market.

17,682 – listings in total
11,455 (64.8%) – percentage of the total which are entire properties
$144 – average price per night
5,918 (33.5%) – private rooms
309 (1.7%) – shared rooms

Guest Activity in Toronto

In order for the guest activity to be recorded and monitored, a review must be submitted to a host’s property or room after the stay has been completed. In terms of the statistics that have been produced – they have been calculated by using the minimum stay, the average price per night and the total number of reviews.

107 – approximate nights per year
1.7 – average reviews of listings per month
411,475 – reviews in total
$144 – average price per night
29.3% – estimated occupancy
$1205 – estimated average income generated per month

Host Activity in Toronto

When you assess the Airbnb market in Toronto, you’ll notice that there are some hosts who have multiple listings and some that have single listings, just like everywhere else in the world. It is possible for a host to list multiple properties that they have available or different rooms which are available on the same property.

7,730 (43.7%) – number of multi-listings
9,952 (56.3%) – number of single listings

Property Availability in Toronto

Airbnb hosts have full freedom when it comes to selecting how available their property or rooms are. For instance, by utilizing the calendar tool, a host can set their property to be available for just one week in a year. Alternatively, another example is a host setting their rooms to be available for 11-months out of the 12.

8,093 (45.8%) – high availability
9,589 (54.2%) – low availability
128.1 (35.1%) – average days per year

Airbnb Legal Issues in Toronto

Short-term rentals are permitted across the city in all housing types in residential and the residential component of mixed-use zones.
People can host short-term rentals in their principal residence only – both homeowners and tenants can participate.
People can rent up to three bedrooms or entire residence.
People who live in secondary suites can also participate, as long as the secondary suite is their principal residence.
An entire home can be rented as a short-term rental if owner/tenant is away – to a maximum of 180 nights per year.
People who rent their homes short term must register with the City and pay $50.
Companies such as Airbnb must become licensed and pay a fee of $5,000, plus $1/night booked through the platform.
People doing short-term rentals must pay a 4 per cent Municipal Accommodation Tax (MAT) on all rentals that are less than 28 consecutive days.
Companies such as Airbnb can enter into voluntary agreements to collect the MAT on behalf of those associated with their company.

To know more about legal issues in Toronto, please, follow the links:

Sources

Hosts with multiple listings are more likely to be running a business. So, after figuring out statistics and having understood legal issues, consider using Hosty’s Airbnb Business toolkit. Hosty is the vacation rental management software focused on Airbnb Entrepreneurs. Hosty’s solution can help you manage your rentals expertly and remotely. Whether you manage one property or 100, Hosty can help you stay organized. See all of your listings in our Multi-calendar and message guests with our easy to use messaging system. And the best part? It’s free to try!

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