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Saskatchewan is one of the only two landlocked provinces in Canada. Even though the province is not the most popular destination in the country, enough visitors come here every year. Tourists like to enjoy beautiful natural sites, perform various outdoor activities, visit local museums, and attend other cultural events here.

The short-term rental market here is almost untapped. Even the province’s largest cities have fewer than 500 Airbnbs operating, with the exception of Saskatoon which has 668 total available listings, making them an excellent destination for aspiring entrepreneurs. The tourism industry has been consistently growing here after recovering from Covid-related damages, and the potential for investors is enormous. The real estate prices are also relatively low here. The average house price in Saskatchewan is $304,689, while the country-wide average price was $650,140 in August 2023.

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Best Saskatchewan Cities for an Airbnb Investment

As in any other Canadian province, the market conditions vary from city to city. The short-term vacation rental market is still in its early stages of development in Saskatchewan, so the amount of data is not very representative. Nevertheless, it is possible to analyze some cities in the province and get a rough understanding of the performance of Airbnbs there. Most of them have only a few active rentals there, granting the investors an opportunity to join early on.

City	Revenue, $
Swift Current	$1,756
Martensville	$1,648
Regina	$1,641
Saskatoon	$1,582
Yorkton	$1,319
Prince Albert	$1,337
Moose Jaw	$1,215
Lloydminster	$1,155
Warman	$1,149
North Battleford	$908

Swift Current

Average Daily Rate (ADR): $133.6
Maximum Daily Rate: $163 in March
Occupancy Rate: 62%
Maximum Occupancy Rate: 85% in July
Total Available Listings: 6
Rental Sizes: 1 Bedroom: 38%, 2 Bedroom: 38%, 3 Bedroom: 13%, 4 Bedroom: 13%
Listings by Rental Type: Private Room: 13%, Entire Home: 88%
Average Revenue: $1,756
Maximum Monthly Revenue: $2,600 in July
Revenue per Available Room (RevPAR): $73
Weekend Revenue per Available Room (Weekend RevPAR): $127
Best Month: July

Swift Current is a small town situated in the southern part of Saskatchewan, a short two-hour drive away from Regina. The town boasts its own airport and offers several attractions for visitors. Among these are two notable golf clubs located in the vicinity. Although Swift Current’s rental market is small, it remains sustainable.

The updated information indicates that there are currently six available rental listings in the town. The rentals are well-distributed across different sizes, with 38% being one-bedroom and another 38% being two-bedroom properties, followed by 13% three-bedroom and 13% four-bedroom properties. A majority of these listings (88%) are categorized as entire homes, while a smaller portion (13%) are private rooms.

The rental market in Swift Current exhibits an Average Daily Rate (ADR) of $133.6, which peaks to $163 in March. Despite its remote location, the town manages to maintain an Occupancy Rate of 62%, which reaches its maximum of 85% in July. This seasonal variation aligns with an increased number of visitors during the summer months, while the demand dwindles in winter.

The Average Revenue for rentals in Swift Current stands at $1,756, with the Maximum Monthly Revenue in July being $2,600. The Revenue per Available Room (RevPAR) is reported to be $73, which escalates to $127 during weekends. July emerges as the best month for rental proprietors in Swift Current, reflecting the town’s seasonal appeal to visitors.

Lloydminster

Average Daily Rate (ADR): $98.9
Maximum Daily Rate: $108 in July and August
Occupancy Rate: 54%
Maximum Occupancy Rate (July): 66%
Total Available Listings: 59
Rental Sizes: 1 Bedroom: 50%, 2 Bedroom: 16%, 3 Bedroom: 25%, 4 Bedroom: 7%, 5+ Bedroom: 2%
Listings by Rental Type: Private Room: 34%, Entire Home: 66%
Average Revenue: $1,155
Maximum Monthly Revenue: $1,500 in July
Revenue per Available Room (RevPAR): $51
Weekend Revenue per Available Room (Weekend RevPAR): $102
Best Month: July
Market Score: 66

Lloydminster is one of the most curious cities on the list. It is located right on the border between Alberta and Saskatchewan. In fact, the border goes through the middle of the city, so one-half of it is considered Alberta, and the other one is Saskatchewan.

The short-term rental market in Lloydminster is relatively small but has shown potential. As of the updated statistics, there are 59 active listings in the rental market, with a variety of rental sizes. The majority are one-bedroom properties (50%), followed by three-bedroom (25%), two-bedroom (16%), four-bedroom (7%), and 5+ bedroom properties (2%).

The types of listings are distributed between private rooms (34%) and entire homes (66%). The Average Daily Rate (ADR) in Lloydminster stands at $98.9, peaking at $108 during the months of July and August. The city experiences an average Occupancy Rate of 54%, which reaches a maximum of 66% in July, reflecting a seasonal preference among visitors for the summer months.

The Revenue per Available Room (RevPAR) is noted to be $51, with a significant increase during weekends at $102. The average revenue for rentals in Lloydminster is $1,155, with the highest monthly revenue observed in July at $1,500. July also emerges as the best month for rentals in the city. The market score for the short-term rental market in Lloydminster is rated at 66, indicating a moderate market performance and potential for growth.

Warman

Average Daily Rate (ADR): $171.2
Maximum Daily Rate: $279 in November
Occupancy Rate: 51%
Maximum Occupancy Rate: 77% in September
Total Available Listings: 2
Rental Sizes: 1 Bedroom: 50%, 2 Bedroom: 50%
Listings by Rental Type: Private Room: 50%, Entire Home: 50%
Average Revenue: $1,149
Maximum Monthly Revenue: $3,900 in October
Revenue per Available Room (RevPAR): $66
Weekend Revenue per Available Room (Weekend RevPAR): $130
Best Month: October

Warman is a town located only 20 kilometers away from Saskatoon. Right now, it is an entirely untapped market, but it has massive potential in the future. As Saskatoon grows and develops, Warman will start naturally attracting more and more visitors who prefer staying outside large cities.

Currently, Warman has two active listings in its rental market, evenly split between a two-bedroom entire home and a one-bedroom private room.

The Average Daily Rate (ADR) in Warman has seen a significant increase, now standing at $171.2, with the Maximum Daily Rate in November reaching $279. The Occupancy Rate averages 51%, with a peak of 77% in September.

The average revenue for rentals in Warman is now $1,149, with the Maximum Monthly Revenue in October soaring to $3,900. Revenue per Available Room (RevPAR) is $66, which increases to $130 over weekends. October emerges as the most favorable month for rentals in Warman.

This data shows a positive trend in Warman’s rental market, with increased rates and revenues, although the market size remains small with only two listings. The performance of new listings could vary based on their quality, implying a potential opportunity for providers offering superior services at competitive prices, especially as the nearby Saskatoon area continues to develop.

Regina

Average Daily Rate (ADR): $123.8
Maximum Daily Rate: $162 in November
Occupancy Rate: 62%
Maximum Occupancy Rate: 78% in August
Total Available Listings: 344
Rental Sizes: 1 Bedroom: 52%, 2 Bedroom: 26%, 3 Bedroom: 13%, 4 Bedroom: 6%, 5+ Bedroom: 3%
Listings by Platform: Airbnb: 95%, VRBO: 5%
Average Monthly Revenue: $1,641
Maximum Monthly Revenue: $2,000 in November
Revenue per Available Room (RevPAR): $76.6
Weekend Revenue per Available Room (Weekend RevPAR): $132
Best Month: November
Market Score: 89

Regina is the capital of the province. It attracts a lot more visitors than smaller towns like Swift Current. However, the vacation rental market is still tiny here, especially compared to the capitals of provinces like British Columbia, Ontario, and Alberta. There are now 344 active listings in Regina, 76% of which are entire homes. Most are concentrated around the city center, but the competition is mild even there. Other neighborhoods of Regina only have a few listings each.

The properties in the city have a mix of one-bedroom (52%), two-bedroom (26%), three-bedroom (13%), four-bedroom (6%), and 5+ bedroom (3%) units and can accommodate a varying number of guests. The rental market is stagnant there, although there is enough room for more Airbnb in Regina. Airbnb is the most popular rental channel in the city, but 5% of the listings here are exclusively available on VRBO.

The Average Daily Rate in Regina is now $123.8, with slight fluctuations between different seasons, peaking at $162 in November. The Occupancy Rates are now at 62% on average but peak at 78% in August. The average monthly Revenue generated by properties in Regina is now $1,641, which peaks at $2,000 in November. This is higher than in many other cities in the province.

Martensville

Average Daily Rate (ADR): $118.5
Maximum Daily Rate: $168 in October
Occupancy Rate: 61%
Maximum Occupancy Rate: 100% in September
Total Available Listings: 2
Rental Sizes: 1 Bedroom: 50%, 3 Bedroom: 50%
Listings by Rental Type: Entire Home: 100%
Average Monthly Revenue: $1,648
Maximum Monthly Revenue: $4,200 in December
Revenue per Available Room (RevPAR): $68.9
Weekend Revenue per Available Room (Weekend RevPAR): $112
Best Month: October
Market Score: 61

Martensville is in almost the same situation as the previous town. It is 17 kilometers away from Saskatoon and very close to Warman. Similarly, it is a small town with no competition and great potential for the future. For some investors, it will be even more appealing, as this town will benefit from the development of Saskatoon first.

At the time of writing, there are now 2 listings in the area, both of which are entire homes. The rental sizes are evenly split between 1 Bedroom (50%) and 3 Bedroom (50%). The Average Daily Rate is now $118.5, with the Max Daily Rate reaching $168 in October. The Occupancy Rate is at 61%, but it spikes to 100% in September. The Average Revenue is now $1,648, and the Maximum Monthly Revenue in December shoots up to $4,200. The Revenue per Available Room (RevPAR) is $68.9, with the Weekend RevPAR at $112. October emerges as the best month for rentals in Martensville, and the Market Score stands at 61.

Launching a new vacation rental will be extremely beneficial, as there are only two alternatives available in the city right now. The real estate prices here are low, so it is a great opportunity for investors who are willing to take a risk. Before the pandemic, there were seven active vacation rentals in Martensville, so the city is clearly capable of hosting more sustainable rentals.

Moose Jaw

Average Daily Rate (ADR): $91.5
Maximum Daily Rate: $96 in October-November
Occupancy Rate: 64%
Maximum Occupancy Rate: 69% in January
Total Available Listings: 94
Rental Sizes: 1 Bedroom: 63%, 2 Bedroom: 29%, 3 Bedroom: 6%, 4 Bedroom: 1%
Listings by Rental Type: Private Room: 41%, Entire Home: 59%
Average Monthly Revenue: $1,215
Maximum Monthly Revenue: $1,300 in August-October
Revenue per Available Room (RevPAR): $57.3
Weekend Revenue per Available Room (Weekend RevPAR): $98.9
Best Month: November
Market Score: 85

Moose Jaw is a city 71 kilometers away from Regina. The city has a small but sustainable short-term rental market. Over the course of the last three years, the number of properties rented out in Moose Jaw has grown by more than 75%, and the city can clearly host more rentals. The cancellation policies in Moose Jaw are distributed as follows: Flexible: 31.8%, Moderate: 30.2%, Strict: 37.3%.

In total, there are 94 Airbnbs currently operating in Moose Jaw. The Average Daily Rate for them is $91.5, while the Occupancy Rates average 64% throughout the year. On average, an Airbnb in Moose Jaw generates $1,215 worth of Revenue every month. Much like with most other cities on the list, the demand here is seasonal.

Only 59% of the properties in the city are entire home listings, while 41% are private rooms. Most listings are concentrated in the High Park area, while the other neighborhoods are almost entirely free of competition. Moose Jaw has many places to launch a new short-term rental business, and the market conditions are very stable here.

Yorkton

Average Daily Rate (ADR): $124.8
Maximum Daily Rate: $146 in July
Occupancy Rate: 57%
Maximum Occupancy Rate: 72% in October
Total Available Listings: 18
Rental Sizes:1 Bedroom: 47%, 2 Bedroom: 26%, 3 Bedroom: 26%
Listings by Rental Type: Private Room: 37%, Entire Home: 63%
Average Monthly Revenue: $1,319
Maximum Monthly Revenue: $2,400 in August
Revenue per Available Room (RevPAR): $69.8
Weekend Revenue per Available Room (Weekend RevPAR): $125.8
Best Month: August
Market Score: 81

Yorkton is a small town located far away from the province’s largest cities. It is a quiet place, and it does not get a lot of visitors, but the rentals that operate here are still relatively prosperous.

In total, there are 18 properties that are being actively rented out, with 63% of them being Entire Homes and 37% being Private Rooms. The Average Daily Rate in the town is $124.8, while the Occupancy Rates average 57%. The average monthly Revenue is $1,319 in Yorkton, and the business is subject to seasonality, with the Maximum Daily Rate reaching $146 in July and the Maximum Monthly Revenue hitting $2,400 in August.

The Revenue per Available Room (RevPAR) is $69.8, with a Weekend RevPAR of $125.8, showcasing better performance over the weekends. The best month for rentals in Yorkton is August, reflecting perhaps a seasonal preference among visitors. The rental market in Yorkton holds a Market Score of 81, indicating a healthy market with room for growth.

Saskatoon

Average Daily Rate (ADR): $120.3
Maximum Daily Rate: $123 in July
Occupancy Rate: 63%
Maximum Occupancy Rate: 76% in August
Total Available Listings: 668
Rental Sizes: 1 Bedroom: 41%, 2 Bedroom: 37%, 3 Bedroom: 14%, 4 Bedroom: 5%, 5+ Bedroom: 2%
Listings by Rental Type: Private Room: 17%, Entire Home: 83%
Average Monthly Revenue: $1,582
Maximum Monthly Revenue: $2,000 in July
Revenue per Available Room (RevPAR): $74.3
Weekend Revenue per Available Room (Weekend RevPAR): $125
Best Month: August
Market Score: 73

Saskatoon is another large city in Saskatchewan. It is arguably more popular among tourists, and it definitely has a larger short-term vacation rental market. The highest concentration of Airbnbs is in the city’s central business district, while the other areas and neighborhoods of Saskatoon are not as densely packed with active rentals. It is possible to find a location with very few competitors there.

In total, the city is home to around 668 properties that are being actively rented out. The distribution of rental sizes is as follows: 1 Bedroom (41%), 2 Bedroom (37%), 3 Bedroom (14%), 4 Bedroom (5%), and 5+ Bedroom (2%). A significant majority, 83%, of listings are entire homes and apartments, while 17% are private rooms.

The Average Daily Rate in Saskatoon is $120.3, with a slight rise to $123 in July. In contrast, the Occupancy Rates may vary, averaging 63% and peaking at 76% in August. The average monthly Revenue of properties in Saskatoon is $1,582, with the highest monthly revenue recorded as $2,000 in July. The Revenue per Available Room (RevPAR) stands at $74.3, and it increases to $125 over the weekends. The stable rental market in Saskatoon is reflected by a Market Score of 73, indicating a healthy environment for short-term rentals.

Prince Albert

Average Daily Rate (ADR): $121.1
Maximum Daily Rate: $154 in July
Occupancy Rate: 58%
Maximum Occupancy Rate: 71% in July
Total Available Listings: 26
Rental Sizes: 1 Bedroom: 31%, 2 Bedroom: 54%, 3 Bedroom: 8%, 5+ Bedroom: 8%
Listings by Rental Type: Private Room: 26%, Entire Home: 74%
Average Monthly Revenue: $1,337
Maximum Monthly Revenue: $2,500 in August
Revenue per Available Room (RevPAR): $72
Weekend Revenue per Available Room (Weekend RevPAR): $126
Best Month: July
Market Score: 78

Prince Albert is a small town in the middle of the province. It is one of the last towns on the way to the unpopulated wilderness spread over almost the entire northern half of Saskatchewan. The town’s vacation rental market is also very small, but it has fully recovered from the pandemic.

At the time of writing, there are 26 active listings in Prince Albert, with 74% of them being entire homes and apartments, and 26% being private rooms. On average, the rental sizes vary with 1 Bedroom constituting 31%, 2 Bedroom at 54%, 3 Bedroom at 8%, and 5+ Bedroom at 8% of the listings. Even though the town’s area is small, the rentals are almost evenly spread around it, meaning there are no neighborhoods with intense competition.

The Average Daily Rate in Prince Albert is $121.1, with a maximum rate of $154 in July. The Occupancy Rates average at 58%, peaking at 71% in July. The Revenue generated by a property in the town is $1,337 per month, on average, with the highest monthly revenue recorded as $2,500 in August. The Revenue per Available Room (RevPAR) is $72, which increases to $126 over the weekends. The seasonal effect here is still relatively strong, with July being the best month for rentals, possibly due to most visitors coming to Prince Albert during the summer. The rental market in Prince Albert holds a Market Score of 78, indicating a good potential for growth and sustainability in the rental market.

North Battleford

Average Daily Rate (ADR): $87.8
Maximum Daily Rate: $100 in December
Occupancy Rate: 62%
Maximum Occupancy Rate: 85% in November
Total Available Listings: 34
Rental Sizes: 1 Bedroom: 25%, 2 Bedroom: 63%, 3 Bedroom: 13%
Listings by Rental Type: Private Room: 6%, Entire Home: 94%
Average Monthly Revenue: $908
Maximum Monthly Revenue: $1,200 in December
Revenue per Available Room (RevPAR): $54
Weekend Revenue per Available Room (Weekend RevPAR): $88
Best Month: February
Market Score: 88

The City of North Battleford is the last location on the list, and its short-term rental market shows unique characteristics. This town is located between Saskatoon and Lloydminster, so its market has the potential to grow in case the road it is situated on becomes more popular.

Right now, there are 34 properties that are being actively rented out in the City of North Battleford, and 94% of them are entire home listings while 6% are private rooms. On average, the rental sizes are distributed as 1 Bedroom (25%), 2 Bedroom (63%), and 3 Bedroom (13%). There is a notable cluster of rentals between 15th Avenue and Diefenbaker Drive, while the other Airbnbs are evenly spread around the town’s area.

The Average Daily Rate in the City of North Battleford is $87.8, with a peak rate of $100 in December. The Occupancy Rates average at 62%, peaking at an impressive 85% in November. The average monthly Revenue in the town is $908, with the highest monthly revenue recorded as $1,200 in December. Even though the performance of the existing properties may not be as high as in some other cities, North Battleford still has excellent potential for the future, reflected by a Market Score of 88. The best month for rentals is February, indicating a winter preference among visitors. The Revenue per Available Room (RevPAR) stands at $54, increasing to $88 over the weekends, showcasing better performance during those times.