Airbnb Unit Availability Declines in Montreal and Quebec City

Total active units remain below last year's numbers as winter arrives. This scenario improves the outlook for properties still available for online rental.

01/11/2024 - As winter approaches, the number of active units available for online rental in Montreal and Quebec City remains below 2023 levels. This trend supports booking generation for the units that remain available.

Since the beginning of 2024, the number of properties available for short-term rental in Montreal and Quebec City, listed on Airbnb and VRBO, has remained below last year’s numbers. In September, Montreal had 18% fewer active units compared to the same month in 2023. In Quebec City, the decrease was 8%.

Although this difference was more pronounced earlier this year, especially in Montreal, where in February the number of active units was 33% lower than in February 2023, it’s expected that the stock of active units will remain reduced throughout winter. This reality is good news for those who keep their units listed, as demand for accommodations will have to compete among a limited number of options. However, the lower availability also reflects increased regulatory pressure in this sector, reducing the willingness of many owners to keep their units on online rental platforms.

Context and Comparative Data

Data compiled by AirDNA includes all units available for rent on Airbnb and VRBO, including those rented for 32 days or longer, which do not require a short-term rental license. With this new regulatory landscape, it’s expected that the number of active online rental units will remain low compared to previous years, including during the upcoming summer, a period that traditionally sees peak availability.

In Montreal, the total number of active units reached 9,400 in July 2022. In Quebec City, peak availability was 2,150 active units in August 2023. The chances of reaching these levels within the next year are lower.

Opportunities and Challenges for Owners

For owners who stay in the market, lower supply may represent an opportunity to increase their occupancy rate. However, it’s essential for units to be well-prepared, and managing availability and pricing should be adjusted continuously to ensure optimal performance.

To stay active, owners need to pay close attention to local regulations and comply with rental requirements. Owners who rely on professional management can feel more secure and ensure better viability for their investments.

Learn how TeamCHECKiN stands out in the market and offers comprehensive services to its clients.