Side-by-side comparison

Toronto vs Victoria: which is better for Airbnb investment?

We compare the Canada short-term rental markets across occupancy, daily rate, RevPAR, year-over-year trend, and regulation.

Bottom line

Toronto edges ahead of Victoria on higher occupancy (56% vs 48%).

Head-to-head metrics

 TorontoVictoria
Median occupancy56%48%
Median daily rate$96.2$118.4
Median RevPAR$31.52$46.55
Active listings11,3702,586
YoY occupancy+23.1 pts+13.5 pts
YoY daily rate-3.7%+0.6%
Regulation risk
Annual night capNoneNone
License requiredNoNo

Go deeper on each city

Market guide
Airbnb in Toronto
Occupancy, ADR, neighborhoods, regulation
Market guide
Airbnb in Victoria
Occupancy, ADR, neighborhoods, regulation
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Toronto vs Victoria: which is better for Airbnb investment? (2026)