Airbnb Occupancy Rate in Toronto, Canada, Data & Trends 2026

Over the analysis period June 2025 to May 2026, Toronto averaged 72% occupancy and an ADR of 95 euros (about $86), generating roughly 1,923 euros (about $1,748) in average monthly revenue across 260 booked nights. That 72% occupancy is the highest of the five major Canadian markets we track and sits around four points above the national average of 68%, reflecting Toronto's deep, year-round demand base.

On price, the picture is more measured: Toronto's 95-euro ADR runs just below the national average of about 99 euros and well under Vancouver's 146 euros, so this is a high-occupancy, mid-rate market where revenue comes from filling nights rather than commanding premium prices. Year-on-year revenue is down 9%, in line with a broad softening across Canadian cities, so disciplined pricing and minimising vacant nights matter more than ever this cycle.

Toronto is Canada's largest city and its busiest visitor market, drawing more than 26 million people a year to attractions like the CN Tower, the Royal Ontario Museum, Casa Loma and the Toronto Islands. Demand for short-term rentals is broad-based: leisure tourists, sports crowds following the Maple Leafs, Raptors and Blue Jays at the downtown arenas, and a steady flow of corporate travellers tied to the Financial District and the city's finance and tech sectors.

Because roughly half of residents were born abroad and over 200 ethnic origins are represented, Toronto also pulls heavy visiting-friends-and-relatives traffic plus conference business through the Metro Toronto Convention Centre. That mix gives hosts midweek corporate stays alongside strong weekend and festival peaks, so well-placed downtown units rarely sit empty for long even outside the summer high season.

The strongest short-term-rental zones cluster in Old Toronto. The Entertainment and Financial Districts and the waterfront near the CN Tower and convention centre command the highest rates and the most corporate and event demand, while the Distillery District, St. Lawrence Market, Kensington Market and Chinatown draw tourists wanting walkable character. Yorkville and The Annex skew upscale and leisure-led.

Neighbourhoods like Liberty Village, Leslieville, Cabbagetown and Greektown (the Danforth) offer lower entry costs and appeal to longer, more residential stays, but a practical caveat dominates Toronto: much of the downtown housing stock is condos, and many condo corporations ban short-term rentals in their declarations. Verify a building's bylaws before buying or listing, regardless of how strong the location looks.