Best Cities for Airbnb in Quebec, Canada

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Quebec is the second largest province of Canada, as it is only surpassed by Ontario in terms of the population count. It is a truly beautiful province, so there is no surprise so many visitors come here each year. The development of tourism in Quebec made it a perfect place to start an Airbnb business. What makes the province even better is that there are enough cities to choose from, all having different market conditions.

Benefits of Buying an Investment Property in Quebec

Investing in property within cities like Montreal, Quebec City, Shawinigan, Trois-Rivières, Brossard, Boucherville, Magog, Levis, Saint-Constant, Rimouski, and others in the Quebec province can offer a myriad of benefits. The diverse rental markets in these cities cater to a variety of tenants including tourists, students, and working professionals, potentially leading to a steady rental income. For instance, cities like Montreal and Quebec City have a vibrant urban appeal with a consistent influx of tourists, while others like Boucherville and Brossard are closely situated to Montreal, possibly attracting individuals seeking quieter residential areas. Cities such as Shawinigan and Magog offer a different allure with their scenic beauty, attracting vacation renters. The Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR) in many of these cities indicate a promising return on investment, especially during peak rental seasons. Additionally, the relatively affordable property prices compared to other Canadian regions, coupled with the province’s stable legal framework for property transactions, provide a conducive environment for real estate investment. Hence, purchasing an investment property in these cities within Quebec province could be a viable venture for prospective investors.

Best Cities in Quebec for an Airbnb Business Investment

Choosing the correct city to run an Airbnb business is one of the most vital parts of building a successful enterprise. Thankfully, Quebec has a number of cities with great potential. The conditions are different everywhere, so it is worth looking at the information related to the most notable cities in the province. In this section, the vital data for each city will be provided.

City	Revenue, $
Québec	$3,532
Boucherville	$3,485
Montreal	$3,325
Shawinigan	$3,054
Levis	$2,968
Magog	$2,572
Saint-Constant	$2,494
Trois-Rivières	$2,407
Brossard	$2,390
Rimouski	$2,082

Quebec City

Average Daily Rate (ADR): $221.1
Maximum Daily Rate: $261 in July
Occupancy Rate: 64%
Maximum Occupancy Rate: 81% in July
Total Available Listings: 2,125
Rental Sizes Distribution: 1 Bedroom: 49%, 2 Bedroom: 34%, 3 Bedroom: 12%, 4 Bedroom: 3%, 5+ Bedroom: 2%
Listings by Rental Type: Private Room: 11%, Entire Home: 88%
Average Monthly Revenue: $3,532
Maximum Monthly Revenue: $5,600 in July
Revenue Per Available Room (RevPAR): $134.6
Weekend RevPAR: $233
Best Month for Rentals: July
Market Score: 72

A sensible beginning point for reviewing the province is its capital, Quebec City, although it ranks second, not first, in terms of the size of the short-term rental market within the province. The city experiences a pronounced seasonality effect common to many cities in the province. Summer attracts the bulk of visitors, while winter sees a dip in demand.

The competitive landscape in Quebec City is somewhat mixed. With 2,125 active rentals, the city has a fairly bustling rental market. A significant portion of these listings is clustered in the downtown area, presenting a denser competitive environment, while other neighborhoods exhibit lower levels of competition due to fewer listings. The majority of these listings are entire homes, constituting 88% of the total, while private rooms make up a smaller share at 11%.

In Quebec City, the annual Average Daily Rate (ADR) is recorded at $221.1. The Occupancy Rate peaks at 81% in July and falls to its lowest in January, averaging 64% over the year. This leads to an Average Monthly Revenue of $3,532 for hosts. The metrics exhibit a further upswing in July, the most lucrative month, with the Maximum Daily Rate reaching $261 and the Maximum Monthly Revenue touching $5,600. The Revenue Per Available Room (RevPAR) in the city stands at $134.6, and sees an incline during weekends to $233, indicating heightened profitability during these times. These figures amalgamate to a Market Score of 72 for Quebec City, portraying a favorable environment for short-term rentals.

Airbnb Management in Quebec City

Shawinigan

Average Daily Rate (ADR): $232.6
Maximum Daily Rate: $252 in December
Occupancy Rate: 54%
Maximum Occupancy Rate: 80% in August
Total Available Listings: 134
Rental Sizes Distribution: 1 Bedroom: 46%, 2 Bedroom: 25%, 3 Bedroom: 21%, 4 Bedroom: 4%, 5+ Bedroom: 5%
Listings by Rental Type: Private Room: 35%, Entire Home: 65%
Average Monthly Revenue: $3,054
Maximum Monthly Revenue: $4,800 in July
Revenue Per Available Room (RevPAR): $115.8
Weekend RevPAR: $233
Best Month for Rentals: July
Market Score: 61

Shawinigan presents a distinct vacation rental market landscape, nestled between Montreal and Quebec City, and north to Trois-Rivieres city, which also features on this list. While it may not garner the same level of tourist demand as some other cities in the province, its relatively low supply of rentals hints at an almost untapped market, potentially an inviting prospect for enterprising individuals.

Shawinigan boasts a total of 134 active rental properties, a slight adjustment from the previously mentioned 141. Of these listings, 65% are entire homes while 35% are private rooms, displaying a different distribution compared to the earlier data. A majority of these properties are situated in the city center, with others dispersed around Lac-a-la-Tortue and near La Mauricie National Park, where the competition remains fairly moderate.

The Average Daily Rate (ADR) in Shawinigan stands at $232.6, exhibiting a higher value compared to the previously stated $165. Occupancy rates in this somewhat remote city are reasonable, with an annual average of 54%, peaking at 80% in August, deviating from the earlier average of 61%. These metrics collectively contribute to an Average Monthly Revenue of $3,054 for hosts, a noticeable increase from the earlier figure of $2,014. The revenue scenario further brightens in July, the best month for rentals, where the Maximum Monthly Revenue escalates to $4,800. The Revenue Per Available Room (RevPAR) in Shawinigan is $115.8, with a Weekend RevPAR of $233, indicating profitable weekends for hosts. The array of figures culminates in a Market Score of 61 for Shawinigan, painting a relatively favorable picture of the short-term rental market in this city.

Montreal

Average Daily Rate (ADR): $223.8
Maximum Daily Rate: $292 in June
Occupancy Rate: 59%
Maximum Occupancy Rate: 75% in August
Total Available Listings: 8,050
Rental Sizes Distribution: 1 Bedroom: 54%, 2 Bedroom: 25%, 3 Bedroom: 12%, 4 Bedroom: 5%, 5+ Bedroom: 3%
Listings by Rental Type: Private Room: 15%, Entire Home: 84%
Average Monthly Revenue: $3,325
Maximum Monthly Revenue: $5,400 in August
Revenue Per Available Room (RevPAR): $132.1
Weekend RevPAR: $260
Best Month for Rentals: August
Market Score: 70

Montreal holds the title as the most expansive vacation market within Quebec province, a status that brings both merits and challenges for individuals venturing into the short-term rental business. The high degree of competition is a notable hurdle here. However, its position as the most stable market within the province coupled with certain neighborhoods that are not yet saturated with rentals provides a silver lining. Despite a perception of market stagnation, determined entrepreneurs can still unearth viable opportunities in Montreal.

The city hosts 8,050 active Airbnb listings, a slight dip from the earlier 9,000. The listings predominantly feature entire homes, constituting 84% of the total, while private rooms account for 15%. As anticipated, the city center and its surrounding areas are the hotbeds of competition due to a higher concentration of rentals.

In the face of a substantial supply, the Average Daily Rate (ADR) in Montreal is $223.8, a significant leap from the previous $126. This rate contributes to an Occupancy Rate of 59%, peaking at 75% in August. These metrics blend to yield an Average Monthly Revenue of $3,325 for hosts, a notable rise from the earlier average of $1,801. The revenue trajectory ascends further in August, the apex month, with the Maximum Monthly Revenue hitting $5,400. The Revenue Per Available Room (RevPAR) in the city is $132.1, with a Weekend RevPAR of $260, highlighting favorable profitability during weekends. These numbers are encapsulated in a Market Score of 70 for Montreal, showcasing a fairly favorable milieu for short-term rentals in this bustling city.

Levis

Average Daily Rate (ADR): $211.1
Maximum Daily Rate: $217 in July-August
Occupancy Rate: 62%
Maximum Occupancy Rate: 86% in July
Total Available Listings: 210
Rental Sizes Distribution: 1 Bedroom: 54%, 2 Bedroom: 21%, 3 Bedroom: 13%, 4 Bedroom: 7%, 5+ Bedroom: 4%
Listings by Rental Type: Private Room: 25%, Entire Home: 73%
Average Monthly Revenue: $2,968
Maximum Monthly Revenue: $4,700 in August
Revenue Per Available Room (RevPAR): $119.3
Weekend RevPAR: $212
Best Month for Rentals: July
Market Score: 59

The situation with Levis is quite interesting. The city is located on the opposite bank of the Saint Lawrence River from Quebec City. It would be reasonable to expect it to be almost as popular as the province’s capital, but the reality is rather surprising: the market here is almost untapped. On this list, there are many cities with small rental markets, but Levis arguably has the largest potential, as it benefits from being located right next to the capital.

In Levis, there are 210 properties available for rent. Out of these, 73% are entire homes and 25% are private rooms. Many of these properties are in the downtown area, with other neighborhoods having much fewer rentals.

The cost for a day’s rent, on average, is $211.1 in Levis, which is higher than earlier price $121. The Occupancy Rate, which is the percentage of time properties are rented out, is 62% on average over the year. This rate goes up to 86% in July, showing more people rent during the summer. The Average Monthly Revenue for hosts is $2,968, which is higher than the earlier Average Monthly Revenue $1,695. The revenue goes up to $4,700 in August, making it a good month for hosts. The Revenue Per Available Room (RevPAR) is $119.3, and it goes up to $212 on weekends, showing weekends are more profitable for hosts. All these numbers add up to a Market Score of 59 for Levis, showing it’s a decent place for short-term rentals, especially in the summer.

Airbnb Management in Lévis, QC

Magog

Average Daily Rate (ADR): $188.6
Maximum Daily Rate: $197 in August
Occupancy Rate: 54%
Maximum Occupancy Rate: 84% in July
Total Available Listings: 169
Rental Sizes Distribution: 1 Bedroom: 48%, 2 Bedroom: 33%, 3 Bedroom: 17%, 4 Bedroom: 1%, 5+ Bedroom: 1%
Listings by Rental Type: Private Room: 8%, Entire Home: 92%
Average Monthly Revenue: $2,572
Maximum Monthly Revenue: $4,200 in August
Revenue Per Available Room (RevPAR): $105
Weekend RevPAR: $184
Best Month for Rentals: July
Market Score: 51

Magog is located in the south-eastern part of the province, and it is another remote city on the list. The largest city next to Magog is Sherbrooke, but most visitors come to this place to have a nice vacation on the beautiful shores of the local lake and visit the city’s national park. The main benefit Magog offers to aspiring entrepreneurs is the city’s potential: the quarterly growth of its rental market is 7%.

As Magog garners popularity among tourists, the rental market seems ripe for new entrants since the competition hasn’t fully caught up. Currently, Magog hosts 169 Airbnb listings. A whopping 92% of these listings are entire homes, a jump from the earlier figure of 88%, catering to the preferences of guests. These properties are primarily nestled around the lake, yet the competition in these areas remains relatively light.

Financially, the Average Daily Rate (ADR) in Magog stands at $188.6, a significant increase from the previous rate $132. The Occupancy Rate averages 54% over the year, peaking at an impressive 84% in July. These metrics contribute to an Average Monthly Revenue of $2,572 for hosts, markedly higher than the previous figure of $1,796. The revenue scene further brightens in August, with the Maximum Monthly Revenue soaring to $4,200. The Revenue Per Available Room (RevPAR) is pegged at $105, and Weekend RevPAR at $184, showing better earnings during weekends. These figures cumulatively contribute to a Market Score of 51 for Magog, reflecting a moderate allure for short-term rentals, especially during the summer season.

Rimouski

Average Daily Rate (ADR): $153.4
Maximum Daily Rate: $167 in June
Occupancy Rate: 60%
Maximum Occupancy Rate: 82% in July
Total Available Listings: 173
Rental Sizes Distribution: 1 Bedroom: 52%, 2 Bedroom: 27%, 3 Bedroom: 13%, 4 Bedroom: 6%, 5+ Bedroom: 1%
Listings by Rental Type: Private Room: 29%, Entire Home: 71%
Average Monthly Revenue: $2,082
Maximum Monthly Revenue: $3,400 in August
Revenue Per Available Room (RevPAR): $94.5
Weekend RevPAR: $156
Best Month for Rentals: July
Market Score: 72

Rimouski, located along the shores of the Saint Lawrence River, presents a distinct rental market compared to Magog. The competition here is relatively low, providing local businesses a favorable environment to generate profits.

The city now hosts 173 active rental properties, a rise from the previous 135 listings. A majority of them are entire homes, constituting 71% of the total, while private rooms make up 29%. Many of these properties are situated along the river’s shore, offering picturesque views to visitors.

Financially, the Average Daily Rate (ADR) in Rimouski has climbed to $153.4, a substantial increase from the earlier figure of $110. The Occupancy Rate averages at 60% across the year, peaking at 82% in July. These metrics contribute to an Average Monthly Revenue of $2,082 for hosts, a notable rise from the previous figure of $1,573. The revenue scenario further brightens in August, where the Maximum Monthly Revenue hits $3,400. The Revenue Per Available Room (RevPAR) stands at $94.5, with a Weekend RevPAR of $156, indicating better earnings during weekends. These financial figures cumulatively result in a Market Score of 72 for Rimouski, suggesting a promising landscape for short-term rentals, particularly during the summer months.

Saint-Constant

Average Daily Rate (ADR): $195.9
Maximum Daily Rate: $259 in August
Occupancy Rate: 55%
Maximum Occupancy Rate: 84% in July
Total Available Listings: 12
Rental Sizes Distribution: 1 Bedroom: 17%, 2 Bedroom: 25%, 3 Bedroom: 17%, 4 Bedroom: 42%
Listings by Rental Type: Private Room: 8%, Entire Home: 92%
Average Monthly Revenue: $2,494
Maximum Monthly Revenue: $4,800 in August
Revenue Per Available Room (RevPAR): $113.3
Weekend RevPAR: $203
Best Month for Rentals: August
Market Score: 68

Saint-Constant, neighboring Montreal, indeed holds a promising stance for the short-term rental market, often seen in cities near large metropolises. The rental market here is budding, presenting a potential investment opportunity for risk-taking entrepreneurs.

Now, Saint-Constant hosts 12 active listings, a slight increase from the previously ten listings. Among these, 92% are entire homes and 8% are private rooms. This still signifies a relatively low level of competition, offering ample space for new rentals even in the city center.

Financial metrics have seen some improvement. The Average Daily Rate (ADR) now stands at $195.9, a substantial rise from the earlier figure of $161. Unlike the previous fluctuation where it reached $210 in February and dropped to $112 in July, the ADR now seems more stable. The Occupancy Rate averages at 55% over the year, with a peak of 84% in July, showing a slight improvement from the previous average of 53%. These metrics contribute to an Average Monthly Revenue of $2,494 for hosts, a significant leap from the earlier average of $1,448. The revenue scenario brightens further in August, with the Maximum Monthly Revenue hitting $4,800. The Revenue Per Available Room (RevPAR) is $113.3, and the Weekend RevPAR stands at $203, suggesting better profitability during weekends. These figures collectively result in a Market Score of 68 for Saint-Constant, indicating a favorable environment for short-term rentals, especially as we approach August, the best month for rentals in this city.

Trois-Rivieres

Average Daily Rate (ADR): $182
Maximum Daily Rate: $208 in July
Occupancy Rate: 57%
Maximum Occupancy Rate: 69% in August
Total Available Listings: 189
Rental Sizes Distribution: 1 Bedroom: 61%, 2 Bedroom: 19%, 3 Bedroom: 13%, 4 Bedroom: 4%, 5+ Bedroom: 3%
Listings by Rental Type:, Private Room: 24%, Entire Home: 75%
Average Monthly Revenue: $2,407
Maximum Monthly Revenue: $3,600 in July
Revenue Per Available Room (RevPAR): $95
Weekend RevPAR: $174
Best Month for Rentals: July
Market Score: 93

Trois-Rivieres is another city with a relatively small rental market. The benefits it offers to aspiring entrepreneurs are similar to most locations reviewed on this list: the competition in Trois-Rivieres is very mild, whereas the numbers of visitors allow local Airbnbs to thrive.

Currently, Trois-Rivieres hosts 189 active rental properties, a slight decrease from the previously stated 210. Among these listings, 75% are entire homes while 24% are private rooms. The majority of these listings are clustered within the city center, yet there’s room for more properties to enter the market. The other areas of Trois-Rivieres exhibit minimal competition, presenting potential areas of expansion.

Financially, the Average Daily Rate (ADR) in Trois-Rivieres has seen a substantial increase, now standing at $182 compared to the earlier figure of $100. The Occupancy Rate averages at 57% over the year, peaking at 69% in August. These metrics contribute to an Average Monthly Revenue of $2,407 for hosts, a significant leap from the earlier average of $1,388. The revenue scenario further brightens in July, where the Maximum Monthly Revenue touches $3,600. The Revenue Per Available Room (RevPAR) is $95, and the Weekend RevPAR stands at $174, showing better profitability during weekends. These figures cumulatively contribute to a Market Score of 93 for Trois-Rivieres, indicating a highly favorable market for short-term rentals, especially in July, the best month for rentals in this city.

Airbnb Management in Trois-Rivières, QC

Brossard

Average Daily Rate (ADR): $190
Maximum Daily Rate: $249 in June
Occupancy Rate: 48%
Maximum Occupancy Rate: 70% in May
Total Available Listings: 147
Rental Sizes Distribution: 1 Bedroom: 41%, 2 Bedroom: 28%, 3 Bedroom: 16%, 4 Bedroom: 11%, 5+ Bedroom: 4%
Listings by Rental Type: Private Room: 30%, Entire Home: 70%
Average Monthly Revenue: $2,390
Maximum Monthly Revenue: $3,700 in August
Revenue Per Available Room (RevPAR): $101
Weekend RevPAR: $196
Best Month for Rentals: June
Market Score: 49

Brossard is another city located right next to Montreal. What makes it different from Saint-Constant is that Brossard is a lot closer to the metropolis and is directly connected to it with a bridge. Its own area is also rather large, and it has all the infrastructure required for comfortable living. In terms of attracting visitors who could either go to Montreal, Brossard is much more likely to do it than Saint-Constant.

The competition in Brossard is surprisingly mild. Contrary to the previous 171 listings, Brossard hosts 147 active Airbnb rentals, showing a slight decrease. These listings are spread out across the city, potentially minimizing competition in various locales. The composition of listings is now at 70% for entire homes and 30% for private rooms.

Financially, the Average Daily Rate (ADR) in Brossard has seen a substantial increase, now standing at $190 compared to the earlier figure of $138. The Occupancy Rate averages at 48% over the year, peaking at 70% in May. These metrics contribute to an Average Monthly Revenue of $2,390 for hosts, a significant leap from the earlier average of $1,363. The revenue scenario further brightens in August, where the Maximum Monthly Revenue touches $3,700. The Revenue Per Available Room (RevPAR) is $101, and the Weekend RevPAR stands at $196, indicating better profitability during weekends. These figures collectively contribute to a Market Score of 49 for Brossard, a moderate score reflecting a balanced market scenario. June emerges as the best month for rentals in this city, due to the Max Daily Rate of $249 observed during this month.

Airbnb Management in Brossard, QC

Boucherville

Average Daily Rate (ADR): $271.3
Maximum Daily Rate: $465 in August
Occupancy Rate: 50%
Maximum Occupancy Rate: 66% in August
Total Available Listings: 12
Rental Sizes Distribution: 1 Bedroom: 54%, 2 Bedroom: 8%, 3 Bedroom: 8%, 4 Bedroom: 8%, 5+ Bedroom: 23%
Listings by Rental Type: Private Room: 21%, Entire Home: 79%
Average Monthly Revenue: $3,485
Maximum Monthly Revenue: $8,100 in August
Revenue Per Available Room (RevPAR): $152
Weekend RevPAR: $312
Best Month for Rentals: August
Market Score: 21

The last city on our list has almost exactly the same situation as Saint-Constant. Firstly, Boucherville is also located near Montreal: it is a 23-minute drive. Secondly, its short-term rental market is also extremely small. As the city of Montreal continues to grow, Boucherville is yet another location to benefit from it.

The city currently has 12 active Airbnb listings, with a majority being entire homes (79%) and the rest being private rooms (21%). The listings are distributed across different rental sizes, with a larger portion being 1-bedroom units (54%).

The financial metrics depict a favorable scene for hosts. The Average Daily Rate (ADR) in Boucherville stands at $271.3. Over the year, the Occupancy Rate averages at 50%, with a peak of 66% in August. These factors lead to an Average Monthly Revenue of $3,485 for hosts. The revenue potential is particularly pronounced in August, where the Maximum Monthly Revenue climbs to $8,100. The Revenue Per Available Room (RevPAR) is calculated at $152, and during the weekends, this figure rises to a Weekend RevPAR of $312, suggesting better profitability during these periods.

The overall market scenario in Boucherville is reflected through a Market Score of 21. Despite the lower market score, there is notable potential especially during the peak season in August, where the Max Daily Rate reaches $465. This peak season performance hints at the possible higher earnings hosts could achieve during favorable months.