5 Best Areas to Buy Airbnb Property in Quebec, Canada
Quebec, Canada is a popular tourist destination and one of the largest provinces in the country. With its stunning natural beauty, rich cultural heritage, and vibrant cities, it’s no wonder that the tourism industry in Quebec is thriving. If you’re looking to invest in an Airbnb property in Quebec, you’re in the right place. In this article, we’ll take a look at the 5 best areas to buy an Airbnb property in Quebec based on the Average Daily Rate (ADR), the Occupancy Rate (OR), and the average monthly Revenue (AMR).
The Average Daily Rate (ADR)
The Average Daily Rate (ADR) is an important factor to consider when investing in an Airbnb property. It is the average amount of money that a property earns per night, and it can give you an idea of the potential revenue you can expect from your investment. In Quebec, the ADR for Airbnb properties varies depending on the location. Some of the most popular areas in the province have an ADR of around $100-$150, while others can be as high as $200-$300.
The Occupancy Rate (OR)
The Occupancy Rate (OR) is another important factor to consider when investing in an Airbnb property. It refers to the percentage of time that a property is rented out and is a good indicator of the demand for Airbnb properties in a particular area. In Quebec, the OR for Airbnb properties is generally high, with many areas having an occupancy rate of around 60-70%. This is due to the high demand for Airbnb properties in the province, as well as the large number of tourists visiting the area each year.
The Average Monthly Revenue (AMR)
The Average Monthly Revenue (AMR) is calculated by multiplying the Average Daily Rate by the Occupancy Rate. It gives you an estimate of the average amount of money that a property earns each month. In Quebec, the AMR for Airbnb properties can be as high as $2,000-$3,000, depending on the location and the time of year.
| Cities | Revenue |
| Charlevoix | $5,319 |
| Rivière-Rouge | $5,167 |
| Quebec City | $3,599 |
| Montreal | $3,390 |
| Saguenay | $2,066 |
Top 5 Areas to Buy an Airbnb Property in Quebec
Montreal
- Average Daily Rate (ADR): $223.8
- Maximum Daily Rate: $287 in June, $286 in August
- Occupancy Rate: Average 57%
- Maximum Occupancy Rate: 74% in August
- Total Available Listings: 7,150
- Average Revenue: $3,390
- Maximum Monthly Revenue: $5,300 in August
- RevPAR: $143.4
- Weekend RevPAR: $266
- Best Month for Revenue and Occupancy: August
- Market Score: 61
Montreal, the largest city in Quebec and a renowned tourist hotspot, boasts a flourishing Airbnb short-term rental market, reflective of its vibrant culture, rich history, and architectural beauty. The city currently hosts an impressive 7,150 Airbnb listings, catering to a diverse array of visitors each year.
In Montreal’s Airbnb market, the Average Daily Rate (ADR) stands at $223.8, with the highest daily rates in June and August reaching $287 and $286, respectively. This rate indicates a strong demand for accommodations, particularly in these peak summer months.
The market is characterized by a variety of rental sizes, with 1 bedroom properties constituting 54% of the listings, followed by 2 bedrooms (27%), 3 bedrooms (12%), 4 bedrooms (5%), and 5+ bedroom properties (2%). In terms of rental types, Entire Homes dominate the market, making up 84% of listings, supplemented by Private Rooms (15%) and a small proportion of Shared Rooms (1%).
The Occupancy Rate in Montreal averages 57%, with a notable peak in August at 74%. This peak occupancy underscores the city’s popularity during the summer, attracting a high volume of tourists.
Financially, the Airbnb market in Montreal is robust. Hosts enjoy an Average Revenue of approximately $3,390, with the Maximum Monthly Revenue in August reaching $5,300. The Revenue per Available Room (RevPAR) is calculated at $143.4, and the Weekend RevPAR increases significantly to $266, reflecting the increased demand for weekend accommodations.
August emerges as the best month for Airbnb hosts in Montreal in terms of revenue and occupancy. With a Market Score of 61, Montreal’s Airbnb market demonstrates strong potential for profitability and sustained demand. This performance indicates Montreal as a highly attractive market for short-term rentals, offering significant revenue potential amidst its cultural allure and tourist appeal.
Read about Airbnb Management in Montreal.
- Exploring Montreal Short-Term Rental Rules: Guide for Hosts
- 5 Key Factors for Airbnb Profitability in Montreal: Essential Insights
- Launching an Airbnb Business in Montreal: A Primer
Quebec City
- Average Daily Rate (ADR): $218.9
- Maximum Daily Rate: $259 in July
- Occupancy Rate (OR): Average 63%
- Maximum Occupancy Rate: 80% in July
- Total Available Listings: 1,937
- Average Revenue: $3,599
- Maximum Monthly Revenue: $5,500 in July
- RevPAR: $145.8 11
- Weekend RevPAR: $233
- Best Month for Revenue and Occupancy: July
- Market Score: 75
Quebec City, renowned for its European-style architecture, rich history, and natural beauty, maintains a vibrant and in-demand Airbnb short-term rental market. The city, which attracts millions of tourists annually, currently has 1,937 active Airbnb listings.
Quebec City’s Airbnb short-term rental market exhibits a robust and attractive landscape, significantly influenced by its status as a historic and tourist-rich destination. With an Average Daily Rate (ADR) of $218.9, the market demonstrates a high demand for accommodations, which is further amplified during the peak summer month of July, where rates soar to $259. This high ADR reflects the city’s unique appeal, characterized by its European-style architecture and rich history.
The occupancy rate, averaging 63% and peaking at 80% in July, indicates a consistent demand throughout the year, with a significant surge during the summer. This pattern is typical of tourist-centric locations, where seasonal variations heavily influence market dynamics.
The diversity in rental options, with a predominance of entire homes (89%) and a significant representation of 1 and 2 bedroom properties, caters to a wide range of visitor preferences, from solo travelers to families. This variety enhances Quebec City’s attractiveness as a destination that can accommodate different types of travelers.
Financially, the market is promising. The average revenue for hosts stands at $3,599, with the potential to reach up to $5,500 in July, the peak tourist month. This high revenue potential, coupled with a Revenue per Available Room (RevPAR) of $145.8 and a Weekend RevPAR of $233, indicates a strong market performance, particularly during weekends and in the high season.
Moreover, the market score of 75 points towards a healthy and growing Airbnb market in Quebec City. This score reflects the balance between supply and demand, suggesting that while the market is competitive, there is still ample opportunity for new hosts or for existing ones looking to expand.
In summary, Quebec City’s Airbnb market is marked by its high demand, diverse accommodation options, and strong financial returns, particularly during the summer. The city’s rich cultural heritage and tourist appeal make it a lucrative location for Airbnb hosts, offering opportunities for both steady income and growth in the short-term rental sector.
Saguenay-Lac-Saint-Jean
- Average Daily Rate (ADR): $137.7
- Maximum Daily Rate: $160 in August
- Occupancy Rate (OR): Average 59%
- Maximum Occupancy Rate: 85% in August
- Total Available Listings: 196
- Average Revenue: $2,066
- Maximum Monthly Revenue: $5,500 in August
- RevPAR: $86.4
- Weekend RevPAR: $142
- Best Month: August
- Market Score: 87
Saguenay, a region in Quebec celebrated for its captivating natural beauty, including lakes, forests, mountains, the Saguenay Fjord, and Lac Saint-Jean, presents a thriving Airbnb short-term rental market. The region’s appeal to tourists year-round is reflected in its current Airbnb market metrics.
Airbnb Management in Saguenay by MasterHost
They indicate a strong and potentially profitable market for Airbnb hosts in Saguenay, especially during the peak month of August. The high Occupancy Rate in August, combined with the substantial Maximum Daily Rate and Revenue figures, suggest that Saguenay is a popular destination for summer travelers. The diversity in rental types and sizes caters to a broad range of visitor needs, from individuals and couples to larger groups and families. The high Market Score of 87 reflects a healthy demand for short-term rentals in the region, positioning Saguenay as an attractive market for both new and existing Airbnb hosts looking to capitalize on its natural allure and tourist appeal.
Charlevoix
- Average Daily Rate (ADR): $395.2
- Maximum Daily Rate: $452 in February
- Occupancy Rate: Average 51%
- Maximum Occupancy Rate: 75% in August
- Total Available Listings: 830
- Average Revenue: $5,319
- Maximum Monthly Revenue: $7,500 in August
- Revenue per Available Room (RevPAR): $198.6
- Weekend RevPAR: $402
- Best Month: August
- Market Score: 70
Charlevoix, a picturesque region in Quebec celebrated for its breathtaking scenery and array of outdoor activities like skiing, hiking, and kayaking, showcases a thriving Airbnb short-term rental market. The region’s natural beauty and recreational opportunities create a high demand for accommodations.
Charlevoix’s Airbnb market is a vibrant and lucrative one, largely driven by the region’s stunning natural attractions and popular outdoor activities. The ADR of $395.2, significantly higher than the national average, reflects the premium quality of accommodations and the high demand for stays in this scenic area.
The peak in the ADR during February at $452 suggests strong winter tourism driven by activities like skiing, aligning with Charlevoix’s reputation for excellent winter sports facilities.
The Occupancy Rate averages a healthy 51%, with a notable surge to 75% in August. This peak indicates the region’s popularity during the summer months, possibly due to activities like hiking and kayaking and the general appeal of its natural beauty during this season.
The market offers a diverse range of accommodations, with a significant portion of larger rentals (3 bedrooms and above) catering to families or groups, which is a unique aspect of this market. The predominance of Entire Home listings (94%) aligns with the preferences of travelers seeking private and spacious accommodations in nature-centric destinations.
The financial metrics are particularly strong, with an average revenue of $5,319 and a peak monthly revenue of $7,500 in August, indicating the high profitability of hosting in Charlevoix, especially during the peak tourist seasons.
The Revenue per Available Room (RevPAR) of $198.6 and a higher Weekend RevPAR of $402 further underscore the market’s strength, particularly during weekends when short getaways are likely more popular.
The best month for hosts is clearly August, aligning with the maximum occupancy and revenue figures. The market score of 70 suggests a robust market with room for growth, making Charlevoix an attractive destination for both new and experienced Airbnb hosts. The combination of natural appeal, diverse accommodation options, and strong financial returns positions Charlevoix as a prime market in the Airbnb landscape.
Rivière-Rouge
- Average Daily Rate (ADR): $466.5
- Maximum Daily Rate: $545 in January
- Occupancy Rate: Average 41%
- Maximum Occupancy Rate: 74% in August
- Total Available Listings: 40
- Average Revenue: $5,167
- Maximum Monthly Revenue: $11,300 in August
- Revenue per Available Room (RevPAR): $194.6
- Weekend RevPAR: $441
- Best Month: August
- Market Score: 6
Rivière-Rouge, a municipality in the Laurentians region of Quebec, showcases a distinctive and high-value Airbnb short-term rental market, drawing from the natural allure and recreational opportunities of its surrounding area.
Rivière-Rouge’s Airbnb market is characterized by its high-value offerings and exclusive nature. The ADR of $466.5 and a maximum daily rate of $545 in January reflect a premium market, likely driven by the region’s winter attractions. The market’s seasonality is evident, with occupancy peaking at 74% in August, underscoring the area’s popularity during the summer months.
With only 40 listings, Rivière-Rouge offers a relatively exclusive Airbnb experience, primarily consisting of entire homes. This exclusivity is appealing to guests seeking private, high-quality accommodations and is reflected in the diverse range of property sizes available, from smaller 1-bedroom to larger 5+-bedroom homes.
Financially, the market is highly profitable, as indicated by the average revenue of $5,167 and a peak monthly revenue of $11,300 in August. The Revenue per Available Room (RevPAR) and the significantly higher Weekend RevPAR suggest strong demand, particularly for weekend getaways.
Despite a low market score of 6, which might imply a niche or emerging market, Rivière-Rouge presents a lucrative opportunity for Airbnb hosts. The region’s appeal lies in its natural beauty and recreational activities, which attract a specific segment of tourists. This market is ideal for hosts looking to cater to a high-end segment in a region known for its scenic landscapes and outdoor activities.
Key Considerations for Successful Airbnb Property Investment and Management
It is important to note, however, that investing in an Airbnb property comes with its own set of challenges and responsibilities. You will need to ensure that your property is well-maintained, clean, and equipped with all the necessary amenities to provide a comfortable and enjoyable experience for your guests. You will also need to take care of all the administrative and legal aspects of running an Airbnb property, such as obtaining the necessary licenses and permits and paying taxes.
Additionally, it is essential to research the local real estate market and understand the competition in each area. This will help you determine the right price to charge for your property and make sure that your investment is profitable. It’s also important to keep in mind that Airbnb properties can be affected by fluctuations in the tourist market and that the demand for Airbnb properties can vary depending on the time of year.
It is also worth mentioning that investing in Airbnb properties in Quebec requires a significant amount of effort and commitment. As with any real estate investment, it is important to be well-informed, knowledgeable, and proactive in managing your property. You should be prepared to handle all aspects of property management, including marketing, maintenance, and customer service.
If you’re new to the Airbnb market, it may be a good idea to start small and invest in a single property before scaling up your portfolio. This will allow you to gain hands-on experience in managing Airbnb properties and to make any necessary adjustments along the way.
Conclusion
To sum up, investing in Airbnb properties in Quebec can be a lucrative and rewarding experience, but it requires careful planning, research, and effort. If you’re looking for an investment that offers a steady income, the chance to be your own boss, and the opportunity to invest in a growing market, then investing in Airbnb properties in Quebec may be the right choice for you.
