In the event you’re on the lookout for a extra inexpensive Airbnb within the GTA–say, for an upcoming slate of Taylor Swift concert events–you would possibly need to look east of Toronto.
A brand new report by monetary recommendation web site Cash.ca lately discovered that the Durham area municipalities of Oshawa, Ajax and Whitby supply extra inexpensive short-term lodging than different Canadian cities and cities.
In accordance with the report, the typical nightly price of a one-bedroom Airbnb unit in Ajax is $104. The price of a two-bedroom unit climbs to $135, and for a three-bedroom, friends can pay about $194. A whole property will price about $144.
Evaluate that to Toronto and Mississauga, which rank second and third, respectively. The report, created by calculating how a lot householders can earn by renting out properties in numerous Canadian cities utilizing Airbnb’s earnings calculator, discovered the typical price of a single night time’s keep in Toronto is $315. One and two-bedroom items price $225 and $305, respectively, whereas three-bedroom fits price about $415 an evening.
In Mississauga, the typical value is $305, with one- and two-bedroom suites costing friends a median of $218 and $292. Three-bedroom properties price about $405 an evening.
Different Durham municipalities are much more inexpensive.
In Oshawa, one- and two-bedroom items price about $102 and $123 an evening, respectively. A 3-bedroom will price $199, and a complete property about $141. In Whitby, one- and two-bedroom items price $102 and $120, respectively. Three-bedroom suites price about $195 and whole properties about $139.
On common, Durham cities and cities are extra inexpensive for Airbnb friends than Kingston, Windsor, St. Catharines, Hamilton, Oakville, Burlington, Milton and Brampton.
Locations that provide extra inexpensive Airbnb items than these present in Ajax, Whitby and Oshawa embrace London, Cambridge, Winnipeg, Waterloo, Kitchener, Saskatoon, Regina and Edmonton.
In accordance with the report, Edmonton provides the most affordable lodging of Canada’s 50 most populated cities, with a one-bedroom costing about $93 an evening.
Vancouver is the costliest metropolis for Airbnb suites. In accordance with the report, a one-bedroom within the B.C. metropolis prices about $233 an evening.
“This study offers an insight into which cities are most lucrative for Canadians to list their properties on Airbnb,” Kris Bruynson, VP, advertising and product at Cash.ca, mentioned within the report.
“Canada’s largest and most populous provinces, Ontario, Quebec, and British Columbia are also home to the most profitable cities for Airbnb hosts. Residents in these cities can conveniently earn extra income by listing their properties on Airbnb when they are going to be away.”
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