For real estate investors looking for the best returns on vacation rental homes, a new report shines light on the most popular destinations.
The most booked destinations are dominated by major cities and ski resorts for volume, but there are some other markets that make the list for the first time.
Vacation rental marketplace CanadaStays saw more than $40 million worth of bookings in 2018 with more than $25,000 families choosing vacation rentals.
For investors in vacation rental homes, different markets vary not only by potential income but also by the peak season. Nationwide, summer months accounted for 54% of all bookings, with August being the peak month, making up for 22% of bookings.
“Canada tends to see more significant peaks and valleys in vacation rental demand throughout the year,” says Emily Rayson, COO at CanadaStays.
Average nightly rates vary from $261 per night in the fall through to $395 in the winter.
2018's Most Booked Canadian Destinations:
- Whistler, BC
- Toronto, ON
- Vancouver, BC
- Montreal, QC
- Victoria, BC
- Blue Mountain, ON
- Calgary, AB
- Kelowna, BC
- Canmore, AB
- Mont Tremblant, QC
- Gravenhurst, ON
- Niagara Falls, ON
- Wasaga Beach, ON
- Prince Edward County, ON
- Halifax, NS
