Vancouver Airbnb Market Report: Occupancy, Rates & Revenue Data
Table of contents
- Vancouver Short-Term Rental Market Snapshot
- How the Market Has Changed Since 2023
- Seasonality: Best and Worst Months for Airbnb in Vancouver
- Airbnb Supply and Prices by Neighbourhood
- Performance by Property Type and Size
- Who Operates Vancouver Airbnbs
- Short-Term vs Long-Term Rental Income in Vancouver
- Medium-Term Rentals (30+ Nights): A Shrinking Segment
- Vancouver Airbnb Market Outlook
- Vancouver Airbnb Market FAQs
- Methodology and Data Sources
By MasterHost Research | Published October 29, 2026 | Next update: January 2027
Data periods differ by source, so each table states its own: listings to September 17, 2026; occupancy, rates and revenue for October 2025 to September 2026; long-term rents from October 2025.
The Vancouver Airbnb market added hosts faster than guests over the past year. Active short-stay listings rose 25.6% to 3,910 by September 2026, while guest reviews grew 15.4%. According to AirROI, the average listing filled 53.0% of its open nights in the 12 months to September 2026, at an average nightly rate of C$366, and earned about C$55,322.
To keep figures consistent, AirROI is our only source for occupancy, rates and revenue, while Inside Airbnb covers supply.
Key Takeaways: Vancouver Airbnb Market at a Glance
- According to AirROI, Vancouver Airbnbs averaged 53.0% occupancy in the 12 months to September 2026.
- The average nightly rate (ADR) was C$366 over the same period, according to AirROI.
- Average revenue per listing reached C$55,322 in the 12 months to September 2026, up 35.7% year over year, according to AirROI.
- Active short-stay listings rose 25.6% in a year to 3,910 on September 17, 2026, while guest reviews grew 15.4% (Inside Airbnb).
- Monthly occupancy ranged from 44.7% in January 2026 to 70.5% in August 2026, according to AirROI.
- As of September 2026, a self-managed one-bedroom out-earns a new lease at CMHC’s average rent after about 126 booked nights a year, while a typical one-bedroom books about 204 (MasterHost analysis).
- Since September 2023, active listings requiring 30 nights or more have fallen from 1,376 to 546 (Inside Airbnb).
Vancouver Short-Term Rental Market Snapshot
Average revenue per Vancouver Airbnb listing rose 35.7% to C$55,322 in the 12 months to September 2026, even though guest reviews per listing, our proxy for stays, fell 8.1%.
| Metric (Vancouver, BC) | Latest | 1-year change | 3-year change |
|---|---|---|---|
| Active short-stay listings, September 17, 2026 | 3,910 | +25.6% | +14.5% |
| Guest reviews, 12 months to September 2026 | 91,008 | +15.4% | +5.3% |
| Guest reviews per active listing | 23.3 | -8.1% | -8.0% |
| Occupancy rate, October 2025 to September 2026 | 53.0% | not published | not published |
| Average daily rate (ADR), same period | C$366 | not published | not published |
| Revenue per available night (RevPAR), same period | C$208 | not published | not published |
| Average annual revenue per listing, same period | C$55,322 | +35.7% | not published |
Sources: listings and reviews from MasterHost analysis of Inside Airbnb snapshots (September 2023, 2025 and 2026), while occupancy, ADR, RevPAR and revenue come from AirROI, which publishes a yearly change only for revenue and averages each metric across listings.
More Entire Homes, Fewer Private Rooms Than in 2023
Entire homes and apartments made up 86.2% of active short-stay listings in September 2026 (3,370 of 3,910), compared to 82.2% in September 2023. Meanwhile, the private-room share fell from 17.4% to 13.8% (Inside Airbnb).
How the Market Has Changed Since 2023
Since September 2023, active short-stay listings in Vancouver have grown 14.5%, while guest reviews have grown only 5.3%, so the average listing now collects about 8% fewer reviews.
Chart: active short-stay listings compared to guest reviews, September 2023 to September 2026, according to Inside Airbnb data.
Supply Fell in 2024, Then Rebounded
At first, supply shrank: active short-stay listings dropped 12.4% between September 2023 and September 2024, to 2,992. After hovering near that level until December 2025 (3,080), the count then rose quickly, to 3,847 in June 2026 and 3,910 by September.
Supply Since 2024
The 2024 dip coincides with BC’s principal residence requirement (in force since May 1, 2024), and since then supply has rebuilt within those limits. For instance, the City issued 3,896 short-term rental licences for 2026, close to the 3,910 active listings and up from 2,989 in 2024. For the requirements, see our guide to Vancouver’s short-term rental rules.
Sources: BC Government, April 18, 2024, and City of Vancouver Open Data, including all “Short-term Rental Operator” licences with status “Issued” (extract of October 25, 2026).
Seasonality: Best and Worst Months for Airbnb in Vancouver
According to AirROI, Vancouver’s busiest Airbnb month in the past year was August 2026, at 70.5% occupancy, while the quietest was January 2026, at 44.7%.
Chart: monthly occupancy and average daily rate from September 2025 to August 2026, according to AirROI.
| Month | Occupancy rate | Average daily rate |
|---|---|---|
| September 2025 | 65.2% | C$291 |
| October 2025 | 58.3% | C$265 |
| November 2025 | 51.4% | C$260 |
| December 2025 | 49.0% | C$273 |
| January 2026 | 44.7% | C$258 |
| February 2026 | 48.9% | C$253 |
| March 2026 | 52.5% | C$262 |
| April 2026 | 53.0% | C$284 |
| May 2026 | 63.1% | C$361 |
| June 2026 | 56.5% | C$631 |
| July 2026 | 57.6% | C$509 |
| August 2026 | 70.5% | C$397 |
Source: AirROI Vancouver market data, monthly averages per active listing, updated October 1, 2026.
Summer Peaks During the Cruise Season
From 2023 to 2025, May through September produced 57.2% of guest reviews, while August alone made up 12.5%, about three times January’s 4.2%. That window also overlaps the cruise season. In fact, the Vancouver Fraser Port Authority expected more than 1.4 million passengers and nearly 360 ship calls in 2026, mostly from May to September.
Events Lift Rates More Than Occupancy
During the FIFA World Cup, AirROI’s June rate jumped to C$631, more than double April’s, whereas occupancy fell to 56.5%. As a result, June revenue per listing reached C$13,447, compared to C$7,459 in May. Downtown hotels showed the same pattern in June, as occupancy fell 18 points to 73% while the average rate rose 26% to C$518 (Destination Vancouver).
Winter: Occupancy Below 50% Until March
From December until March, occupancy stayed under 50%. Although ski season draws visitors to the region, only 0.1% of city reviews mention skiing. December is the one winter month with a rate lift, to C$273, likely due to holiday travel.
Sources: MasterHost analysis of Inside Airbnb review data, as well as the Vancouver Fraser Port Authority (February 25, 2026), AirROI and Destination Vancouver Research and Insights.
Airbnb Supply and Prices by Neighbourhood
Downtown holds one in five of Vancouver’s active short-stay listings (787 of 3,910 in September 2026), while the West End quotes the highest median price, at C$462 a night. If you want to know what each area offers, see our guide to the best Vancouver neighbourhoods for Airbnb.
| Neighbourhood | Active short-stay listings (share) | Median nightly price quoted | Typical reviews per listing (median, past 12 months) |
|---|---|---|---|
| Downtown | 787 (20.1%) | C$413 | 21 |
| Downtown Eastside zone (Gastown, Chinatown) | 296 (7.6%) | C$352 | 21 |
| Kensington-Cedar Cottage | 282 (7.2%) | C$256 | 17 |
| Kitsilano | 275 (7.0%) | C$383 | 18 |
| Hastings-Sunrise | 235 (6.0%) | C$262 | 17 |
| Riley Park | 218 (5.6%) | C$289 | 17 |
| Renfrew-Collingwood | 211 (5.4%) | C$254 | 21 |
| Mount Pleasant | 165 (4.2%) | C$296 | 17 |
| West End | 83 (2.1%) | C$462 | 18 |
| All of Vancouver | 3,910 | C$325 | 18 |
Source: MasterHost analysis of Inside Airbnb data (September 17, 2026). Quoted prices are pre-tax asking prices for a sample stay, mostly September and October 2026 check-ins, rather than booked rates. Although Dunbar-Southlands (189 listings) and Grandview-Woodland (174) are larger than the last two rows, and Sunset ties Mount Pleasant at 165, they are not shown.
Performance by Property Type and Size
According to AirROI, a typical two-bedroom earned C$52,200 in the 12 months to September 2026, 27% more than a one-bedroom. Its occupancy, however, was two points lower.
Revenue Rises With Each Bedroom, but Occupancy Dips
| Size (entire homes) | Listings | Typical annual revenue (median) | Average daily rate | Occupancy rate |
|---|---|---|---|---|
| Studio | 110 | C$34,700 | C$220 | 59% |
| 1 bedroom | 1,299 | C$41,000 | C$278 | 56% |
| 2 bedrooms | 1,127 | C$52,200 | C$402 | 54% |
| 3 bedrooms | 420 | C$71,100 | C$588 | 51% |
| 4 bedrooms | 126 | C$93,500 | C$782 | 48% |
| 5+ bedrooms | 89 | C$137,000 | C$1,044 | 48% |
Source: AirROI Vancouver market data for the 12 months to September 2026, including all entire homes with a bedroom count.
Per bedroom, however, returns shrink. For example, a one-bedroom brings in C$41,000, whereas a three-bedroom earns about C$23,700 per bedroom.
Condos Earn More per Night Than Houses or Suites
| Property type | Active short-stay listings (share) | Median nightly price quoted | Typical reviews per listing (median, past 12 months) |
|---|---|---|---|
| Condo or apartment | 1,316 (33.7%) | C$393 | 20 |
| House or townhouse | 1,342 (34.3%) | C$364 | 16 |
| Guest suite, laneway or guesthouse | 687 (17.6%) | C$252 | 23 |
| Private room | 540 (13.8%) | C$185 | 14.5 |
Source: MasterHost analysis of Inside Airbnb data (snapshot of September 17, 2026), excluding 25 listings of other types such as tiny homes and boats.
Condos quote the highest prices, partly because 74% of them sit Downtown or in the Downtown Eastside zone, while guest suites trade lower prices for the most bookings.
Who Operates Vancouver Airbnbs
Individual hosts run most of Vancouver’s Airbnb supply: in September 2026, 89.8% of the 3,167 hosts with an active short-stay listing had just one, and together they ran 72.7% of listings.
Single-Listing Hosts Still Dominate
| Hosts grouped by how many listings they run | Number of hosts, Sep 2026 | Share of all listings, Sep 2026 | Share of all listings, Sep 2023 |
|---|---|---|---|
| Hosts with 1 listing | 2,844 | 72.7% | 68.9% |
| Hosts with 2 to 4 listings | 283 | 16.8% | 22.0% |
| Hosts with 5 to 9 listings | 27 | 4.3% | 5.1% |
| Hosts with 10 or more listings | 13 | 6.1% | 4.0% |
Source: MasterHost analysis of Inside Airbnb data (snapshots of September 17, 2026 and September 6, 2023), counted by Airbnb host account.
Overall, multi-listing hosts ran 27.3% of supply, down from 31.1% in 2023. The largest operators, however, grew. The 13 hosts with ten or more listings now run 6.1% of listings, compared to 4.0% in 2023, and many are likely professional managers working for several owners.
Ratings Rise While Minimum Stays Shrink
Guest ratings also improved, since the average rose from 4.78 in September 2023 to 4.82 in September 2026. Meanwhile, the share of listings rated 4.8 or higher climbed from 63.8% to 72.3%. Superhosts also gained ground, running 53.9% of listings compared to 47.6% in 2023.
Stays, meanwhile, got shorter. More than half of listings (52.4%) now accept one-night bookings, compared to 32.4% in 2023, so the average minimum stay fell from 2.7 to 1.8 nights.
Source: MasterHost analysis of Inside Airbnb data, including all active short-stay listings in September 2023 and September 2026.
How Professionally Managed Listings Compare
By comparison, here are anonymised averages from the homes MasterHost manages.
| MasterHost portfolio benchmark (Vancouver, Toronto and Calgary combined) | 12 months to October 2026 |
|---|---|
| Share of revenue by booking channel | Airbnb 76%, Vrbo 23%, Booking.com under 1% |
| Reservations later cancelled | About 19% |
| Average response time to guest inquiries | 14 minutes |
| Average response time to booking requests | 21 minutes |
| Average length of a booking | 4.3 nights |
Source: MasterHost internal data, including all managed listings in Metro Vancouver, Toronto and Calgary, so these are portfolio averages rather than Vancouver-only results.
First, Vrbo brings in nearly a quarter of managed revenue, so Airbnb-only listings leave a channel unused. Second, about one reservation in five is later cancelled, which means calendars and prices need attention right up to arrival day. Finally, guests hear back in about 14 minutes on average, a pace that is hard to match without a dedicated team.
Short-Term vs Long-Term Rental Income in Vancouver
Depending on its size, a self-managed Vancouver short-term rental out-earns a new long-term lease when it books about 26% to 39% of the year. According to AirROI, however, typical listings book 51% to 59% of their nights.
Long-Term Rents in Vancouver
For the long-term side, we use CMHC’s average rent on units that changed tenants, because that reflects a new lease. In October 2025, for example, it averaged C$2,107 for a one-bedroom and C$2,696 for a two-bedroom across Metro Vancouver. Sitting tenants in the City of Vancouver, however, paid less: C$1,860 and C$2,638. New-lease rents are also softening, since the two-bedroom figure fell from C$2,883 to C$2,696 in a year while metro vacancy rose from 1.6% to 3.7%.
Sources: CMHC Rental Market Survey, October 2025, including the data tables (Table 6.0, Metro Vancouver turnover units) and the Housing Market Information Portal (City of Vancouver).
How Many Nights Before an Airbnb Beats a Lease
To find the break-even point, we add C$1,758 a year in fixed short-term costs to the lease rent and then divide the total by what each booked night keeps after platform fees, utilities, supplies and repairs (about 23% of nightly revenue).
| Unit size | New-lease rent, per month (per year) | Nights needed to match it, self-managed | Nights needed with a 15% management fee | Nights a typical Airbnb books |
|---|---|---|---|---|
| Studio | C$1,886 (C$22,632) | 144 (39% of the year) | 179 (49%) | about 215 (59%) |
| 1 bedroom | C$2,107 (C$25,284) | 126 (35%) | 157 (43%) | about 204 (56%) |
| 2 bedrooms | C$2,696 (C$32,352) | 110 (30%) | 137 (38%) | about 197 (54%) |
| 3 bedrooms | C$3,455 (C$41,460) | 95 (26%) | 119 (33%) | about 186 (51%) |
Source: MasterHost analysis of CMHC new-tenancy rents (October 2025, Metro Vancouver, 3+ bedrooms for the last row) and AirROI data by bedroom count (12 months to September 2026). Fixed costs include the City licence (C$1,108), provincial registration (C$100) and insurance (about C$550), so nights needed = (annual rent + C$1,758) / (nightly rate x 0.77), or x 0.62 with the management fee.
Take the one-bedroom row. The lease pays C$25,284 a year, so a host needs C$27,042 once fixed costs are added. Since each night at C$278 keeps about C$214, the host breaks even after 126 nights, while a typical one-bedroom Airbnb books about 204.
What the Break-Even Numbers Leave Out
Every unit size clears break-even, even if a 15% management fee applies. Still, note these caveats:
- The World Cup lifted June 2026 rates, so if rates were 15% lower, the one-bedroom break-even would rise to about 41% of nights.
- Furnishing, financing, property tax and your own time are not included, whereas a lease also brings steadier income.
- Although Vancouver sets no annual night cap, a short-term rental must be the host’s principal residence, so an entire home booked most of the year may not qualify.
For purchase prices and yields, see our analysis of whether Airbnb is profitable in Vancouver.
Fee sources: City of Vancouver short-term rental business licence, as well as BC Government host registration.
Medium-Term Rentals (30+ Nights): A Shrinking Segment
Since September 2023, Vancouver has lost 60% of its active Airbnb listings with a minimum stay of 30 nights or more, leaving 546. Their share of all active listings also dropped from 28.7% to 12.2%.
| Inside Airbnb snapshot | Active listings with a 30+ night minimum (share of all active listings) | Of these, listings requiring 90+ nights |
|---|---|---|
| September 2023 | 1,376 (28.7%) | 35 |
| September 2024 | 1,352 (31.1%) | 255 |
| September 2025 | 970 (23.8%) | 926 |
| December 2025 | 852 (21.7%) | 794 |
| June 2026 | 531 (12.1%) | 504 |
| September 2026 | 546 (12.2%) | 507 |
Source: MasterHost analysis of Inside Airbnb data, including six snapshots from September 6, 2023 to September 17, 2026, where active means at least one guest review in the previous 12 months.
According to our rules guide, the City defines a short-term rental as a stay under 90 consecutive days, which is likely why most remaining listings now require exactly 90 nights (484 of 507). Demand fell even faster than supply, since reviews on these listings dropped 74% between the year to September 2024 and the year to September 2026.
Vancouver Airbnb Market Outlook
Visitor demand looks steady rather than set for another jump. According to Destination Vancouver, overnight visitors rose 4.1% to 6.5 million from January to July 2026, while active Airbnb supply grew 25.6% in the year to September.
| Factor | Latest data | What to watch in the next 12 months |
|---|---|---|
| Tourism | 11.3 million overnight visitors in 2025, while January to July 2026 ran 4.1% ahead (Destination Vancouver) | Whether growth holds once World Cup crowds are gone |
| Cross-border travel | According to Statistics Canada, US-resident trips to Canada by car and air rose 17.2% year over year in September 2026 | Whether the rebound from a weak 2025 continues |
| Cruise season | Record 2026 season with 1.4 million passengers and 358 ship calls, up 18% and 19% respectively, according to the Vancouver Fraser Port Authority | Early 2027 bookings look strong, according to the port, but no 2027 totals are published yet |
| Major events | During the World Cup (seven Vancouver matches in June and July 2026), June’s Airbnb rate reached C$631 (AirROI) | A tougher comparison for June 2027 rates, even if demand stays healthy |
| Supply | Active listings up 25.6%, while guest reviews rose only 15.4% (Inside Airbnb, September 2026) | Fewer stays per listing if new listings keep outpacing guest demand |
| Interest rates | Bank of Canada raised its policy rate from 2.25% to 2.5% on October 28, 2026, to curb persistent inflation | Whether rates rise again on December 9, 2026, which would lift financing costs for buyers |
Sources: Destination Vancouver, Statistics Canada (September 2026), Vancouver Fraser Port Authority (October 9, 2026) and the Bank of Canada (October 28, 2026), as well as AirROI and MasterHost analysis of Inside Airbnb data.
What Matters Most for Hosts
In the Vancouver Airbnb market, supply deserves the closest watch, because every new listing competes for the same bookings. Higher interest rates also raise the bar for anyone financing a new short-term rental. On the other hand, visitor numbers, cruise traffic and US travel are all rising. None of this is a forecast, so we will report the next readings in January 2027.
If staying competitive in a market this crowded feels like a second job, MasterHost’s Vancouver team can handle it for you.
Vancouver Airbnb Market FAQs
1. What is the average Airbnb occupancy rate in Vancouver?
According to AirROI, Vancouver Airbnbs averaged 53.0% occupancy in the 12 months to September 2026, ranging from 44.7% in January 2026 to 70.5% in August 2026.
2. How much does an Airbnb make in Vancouver?
According to AirROI, the average listing earned about C$55,322 in the 12 months to September 2026, at an average nightly rate of C$366. Meanwhile, median revenue by size ran from C$34,700 for a studio to C$71,100 for a three-bedroom.
3. Does Airbnb earn more than a long-term lease in Vancouver?
Usually it does, as long as the unit can legally operate as a short-term rental. As of September 2026, a self-managed one-bedroom matches CMHC’s new-lease rent of C$2,107 a month after about 126 booked nights a year, while a typical one-bedroom Airbnb books about 204.
4. How many Airbnbs are there in Vancouver?
On September 17, 2026, Inside Airbnb counted 6,131 Vancouver, BC, listings, including 3,910 active short-stay listings. By comparison, the City had issued 3,896 short-term rental licences for 2026 as of October 25, 2026.
5. What is the best month for Airbnb in Vancouver?
According to AirROI, August is the strongest month for occupancy, at 70.5% in August 2026. For nightly rates, however, June 2026 peaked at C$631 during the FIFA World Cup.
Methodology and Data Sources
We combine open data with one analytics provider, AirROI, while MasterHost’s portfolio appears only once, as a labelled benchmark.
Data Sources
| Source | What we used and the period covered |
|---|---|
| Inside Airbnb | Listings, hosts, room and property types, minimum stays, quoted prices and guest reviews, including snapshots of Sep 6, 2023; Sep 6, 2024; Sep 14, 2025; Dec 14, 2025; Jun 15, 2026 and Sep 17, 2026 |
| AirROI | Our single source for occupancy, rates, RevPAR and revenue, including annual figures for October 2025 to September 2026, monthly data for September 2025 to August 2026, results by bedroom count and cost shares (updated Oct 1, 2026); AirROI counts 3,842 active listings with its own filter |
| Airbtics | Comparison only, not used in the body, because it uses medians and a different listing set: for September 2025 to August 2026 it reports a 76% median occupancy, a C$286 average nightly rate and C$81,000 in revenue across 3,541 listings |
| City of Vancouver Open Data | Short-term rental licences issued for licence years 2023 to 2026, according to an extract of Oct 25, 2026 |
| CMHC Rental Market Survey | Rents for new and all tenancies, as well as vacancy, from the October 2025 survey |
| MasterHost portfolio | Anonymised averages for channel mix, cancellations, response times and booking length, including Metro Vancouver, Toronto and Calgary combined (12 months to October 2026) |
| Destination Vancouver, Statistics Canada, Vancouver Fraser Port Authority, Bank of Canada | Visitors, hotel performance, cross-border travel, cruise season and the policy rate, according to releases up to October 28, 2026 |
Definitions and Formulas
| Term | Definition |
|---|---|
| Active listing | A Vancouver, BC, listing with at least one guest review in the 12 months before the snapshot |
| Short-stay and medium-term listings | Active listings that accept stays shorter than 30 nights, whereas medium-term listings require at least 30 |
| Guest reviews | All reviews posted on active short-stay listings in the 12 months before each snapshot (91,008 in September 2026), used as a measure of booking activity, not an occupancy rate, since all occupancy figures in this report come from AirROI |
| Quoted nightly price | What Inside Airbnb’s sample quote charged per night before taxes, so an asking price rather than a booked rate |
| Occupancy, ADR and RevPAR | As published by AirROI, so occupancy is the share of open nights booked, averaged across active listings |
| Break-even nights | (Annual rent + C$1,758) / (nightly rate x 0.77), or x 0.62 if a 15% management fee applies |
Periods and Updates
We refresh this report every quarter or half-year, so the next update follows in January 2027. Finally, this is market research, not investment, tax or legal advice.
