Short-term rentals can earn homeowners extra cash in Oakville, Burlington

Homeowners in Oakville and Burlington can earn extra income through short-term rentals, though not as much as in major Canadian cities like Vancouver and Toronto. A study by Money.ca ranked Oakville and Burlington 24th and 25th for profitability on Airbnb. In Oakville, average nightly rates are $125 for one-bedroom, $166 for two-bedroom, and $228 for three-bedroom listings, with an overall average of $173. Burlington's rates are similar, with $128 for one-bedroom, $154 for two-bedroom, and $236 for three-bedroom listings, also averaging $173.