West Vancouver, British Colombia, is Canada’s wealthiest municipality and is mainly residential. It’s calm and picturesque, surrounded by lush parks, serene beaches, and mountains with skiing access. The air here is clean since any manufacturing is forbidden. You’re probably getting the vibe: the classic atmosphere that attracts relaxed middle and upper-middle-class guests, as well as eco-conscious outdoorsmen. People mostly come here on holidays and weekends, making bookings for at least 2—3 nights.
So what you, as an owner, can expect from short-term rental management in West Vancouver, BC?
Data on short-term rentals in West Vancouver
As of summer 2022, West Vancouver has 275 active rentals with a solid 71% occupancy rate.
Rental types. Entire homes make the absolute majority of rentals, with 77% active listings. The most popular rental sizes are 2-bedroom and 1-bedroom houses that can welcome up to 6 guests. Three and 5-room houses follow, and 4-room and studio rentals come last.
Private rooms are the second most popular rental size, and shared room rentals are basically non-existent.
Revenue and daily rate. The average daily rate number is $163, but during June days it can rise above $200. The most modest month is September, with $150 per day. However, the average annual revenue exceeds $2,200, which is above many of Canada’s much larger districts.
Popular services. When setting up your short-term rental in West Vancouver, remember that fast Internet connection, heating, and parking will be your guests’ top 3 priorities. A well-equiped bathroom with a dryer, as well as a kitchen, a cable TV, and an A/C will also be expected. Note that not many short-term rentals in the area offer a pool or a hot tub: adding one of those — or both! — can make you stand out. Especially the hot tub: it’s Canada, after all!
Where to list your short-term rentals in West Vancouver, BC
The leading platform for West Vancouver rentals is Airbnb, with 88% of properties listed there. The Vrbo platform, which is known as a company for more high-end rentals, lists 5% of properties. 7% of local short-term rentals are available on both platforms.
Since West Vancouver is viewed as a more fancy Canadian district, chances are your rental property fits the bill, and can be listed on both platforms. Airbnb, however, is a priority — it will be the first place where your future guests will look for bookings.
Do not forget, though: before you start your short-term rental business in West Vancouver, you need an appropriate license.
What HeartHomes can do for your short-term vacation rental management in West Vancouver
Your short-term rental must be a) legal b) shown in the best light for your future guests, and c) managed flawlessly, even if you’re far away. In HeartHomes, we cover all the steps. We help you obtain licensing in Vancouver. We make your property marketable by taking professional photos and making extensive listings on Airbnb, Vrbo, HomeAway, and others. We do regular maintenance work, supply your guests with everything they need, and arrange everything, from key exchange to security. And everything we do for you will bring results.
Benefits of working with HeartHomes
We have a Superhost status on Airbnb which means high visibility on the platform and frequent bookings for your property. Our price optimization approach will increase your yield by 25% or higher. We also provide you with trustworthy property insurance.
Everything we offer here and more comes for a competitive fee of 12% of your total revenue for Full-Time Housing. Get started today, and let HeartHomes take care of your short-term rental business while you’re getting that income!
Have questions about our pricing options?
Whether you have a question about our services, need assistance, or just want to talk, we’d love to hear from you.