25 Jul Toronto doesn’t have the most expensive Airbnb rentals
Today Bloomberg released a list of the most expensive countries in which to rent an Airbnb. Interestingly, Toronto didn’t make the Top 20. While Toronto may have some of the most expensive real estate in the world, on average it is much more expensive to rent an Airbnb in Boston or Seattle.
The cost to purchase real estate in a city doesn’t necessarily correlate with income on AirBnB and there are many factors at play here including; tourism/desirability, inventory, regulation, seasonality. Toronto actually ranks as one of the more affordable places to rent an AirBnB. Having said that, many of the cities in the Top 20 are notoriously expensive places to purchase property: