Airbnb Management
Toronto

The first step is to create an attractive Airbnb listing you’re proud of on short-term rental platforms. An attractive listing features professional photos and a well written description of the property and the surrounding areas. Next a pricing strategy that factors demand across seasons should be implemented. We do our best to employ a pricing strategy that is a good fit for our clients depending on their goals. Once bookings are coming in, we arrange to ensure the property is clean and well maintained as well as provide guests recommendations to enhance their overall experience.

It depends on the property and the location. Toronto is a seasonal market with the peak months being May through October. December to February tends to be a slower demand period as the weather gets colder and less people visit the city. The PDAC mining conference in March is one of the most popular events of the year with Airbnb demand greater than the number of listings. Rates in Toronto for short term rentals can typically vary between $150 to $1500 a night depending on the location, time of year, length of stay and of course property profile. Whether you are managing on Airbnb yourself or using a management company it’s important to get your pricing right.

Toronto is one of the top cities in North America for short term rentals due to its status as a tourist destination, commercial hub, and conference center. Due to the large population of the Greater Toronto Area (GTA), there is a significant number of people who visit family and book through Airbnb or other popular platforms. Toronto has world class medical hospitals where people from all over Canada come for treatment. Oftentimes families visiting loved ones need to stay for multiple weeks and prefer to stay in a short term rental over a traditional hotel. 

The city features one of the highest density of short term rental friendly buildings in any downtown core across the world. These buildings feature top notch amenities such as gyms and pools that may be accessible to guests depending on how long they stay. Toronto also lacks a high number of quality hotels outside the downtown core. Alternative accommodations such as short term rentals and mid term rentals are important for servicing the high demand in these areas.

A short term rental in the City of Toronto is defined as any rental under 28 days. There is significant demand for short term rentals in Toronto because there is a shortage of available and affordable hotel rooms relative to the demand. There are a significant number of conferences and events happening in the city all year round with people coming all over the world. Many travellers also find that for rentals of between seven and 28 days it can be more comfortable to book a short term rental on Airbnb than staying at a hotel. Especially those coming in town with families would prefer home amenities such as laundry machines and kitchens as well outdoor space in some cases.

A mid term rental is a rental that is at least 28 days but less than a year. While there is no exact definition of a mid term rental, typically any rental over 6 months is generally considered to be a long term rental. Mid term stays have become quite popular as the rise of remote work has enabled more people to experience living somewhere else for an extended period of time. Some property owners prefer the less turnover that comes with mid term stays and others are not eligible for short term rentals. Mid term rentals are a great way to rent a property out furnished and are more flexible than long term rentals for property owners who don’t want to commit to a longer term situation. 

The model for most Airbnb management companies is a commission percentage taken based on each booking. Some companies provide solely online short term rental management services, while others provide a full service model. The full service model is typically more hands on and a higher commission compared to the online model. The online model is great for hosts who want to be actively involved on the ground but need help with generating and optimizing bookings. As a local Airbnb management company in Toronto we provide both full service and online only services depending on our clients needs.

Toronto is one of the top cities in the world for mid term rentals. Similar to major urban centres like New York City, Los Angeles, and London, there is consistent and high demand for furnished stays ranging from 28 days to 6 months. Airbnb and VRBO are two of the top platforms for mid term rentals while Booking.com tends to be more of a short term rental platform. There are also some smaller platforms that are more focused on the local Toronto market and can sometimes be a great way to generate mid term demand.

We take on properties that are going to be attractive to people coming into town for a short term or monthly rental. We try to focus on nicer homes or condos that allow short term rentals or rentals of at least one to three months. A big part of the short term rental guest experience is the condition of the property. Even if a home or condo is in the best location in the city, it’s important that it’s well kept in order to avoid guest issues. Airbnb management is about making guests happy and a great experience is dependent on both a five star service and a great property.

Our clients typically have a long term mindset towards working with us. We’re focused on providing an excellent service managing our clients properties on Airbnb and other short term rental platforms.  Short term rental management is a service that requires a lot of mutual trust, and we want to work with people who want to build a relationship that lasts. 

We’re a local company focused on building lifetime relationships within the community. While we have clients who have been with us over a decade, we also understand people’s situations change and they may need to sell the home or stop renting it out. It’s common for former clients to refer their family or friends or come back after years with a different property. Our mindset is once a client, always a client. While our community of homeowners is local, our community of guests is global. It’s an honor to be able to work with our clients who share their homes with people all over the world and enrich their experiences travelling to the city. 

Rentals under 28 days in Toronto are subject to the City’s short term rental Bylaw and require a licence from an owner or tenant of the property. While the process to obtain a licence is quick, there are short term rental operator rules and regulations that must be adhered to in order to remain compliant. Popular platforms like Airbnb require a short term rental licence to list on the platform for rentals under 28 days. The City’s Bylaw does not apply to stays 28 days or over, meaning property owners can list on these platforms for mid term stays without a licence.

The City has recently temporarily increased the Municipal Accommodation Tax from 6% to 8.5% from June 1st 2025 to July 31st to help cover expenses related to the 2026 Fifa World Cup. While in the short term this will come at a cost for Hosts, there will be significant demand for short term rentals in Toronto in the Summer 2026. There is expected to be a massive shortage of properties listed on Airbnb during the World Cup as it’s a global event with international outreach. This will present an opportunity for Toronto hosts to showcase their city in a way that many have not experienced before.

A big factor when choosing an Airbnb management company in Toronto is that they are local. There are a lot of moving parts to managing a short term rental and for people who want to be hands off it’s important the company they work with has local presence and experience. Many guests who visit Toronto are here on vacation and every detail matters when it comes to their stay. A local company helps ensure that there is that extra level of attention and service to ensure things run smoothly.

There are many different ways a property owner can find someone to manage their property on Airbnb and other short term rental platforms. If you have a friend who works with an Airbnb management company you can ask them if you are happy with their service and ask them to refer you. Some property owners do their research online and find a company that is the best fit for them. Everyone has their own method for selecting a company that is the best fit for their personal goals.

There are many Airbnb management companies all of which can offer something different depending on what you are looking for while renting out your property. For most people, their property is very personal to them and it’s important that the company they work with gains their trust and demonstrates professionalism. Every host is different and it’s important to work with a company that customizes the approach around the client’s personal needs and goals. At Guestable we do our best to get to know potential clients so that we can mutually determine if we’re a good fit for each other. We want to ensure that we can provide every host the best experience possible and it’s important to align on what you are looking for so we can do our best to make you happy.

The model for most Airbnb management companies is a commission percentage taken based on each booking. Some companies provide solely online short term rental management services, while others provide a full service model. The full service model is typically more hands on and a higher commission compared to the online model. The online model is great for hosts who want to be actively involved on the ground but need help with generating and optimizing bookings. As a local Airbnb management company in Toronto we provide both full service and online only services depending on our clients needs.

The first step is to create an attractive Airbnb listing you’re proud of on short-term rental platforms. An attractive listing features professional photos and a well written description of the property and the surrounding areas. Next a pricing strategy that factors demand across seasons should be implemented. We do our best to employ a pricing strategy that is a good fit for our clients depending on their goals. Once bookings are coming in, we arrange to ensure the property is clean and well maintained as well as provide guests recommendations to enhance their overall experience.