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AirDNA Data: CA Nova Scotia Halifax Regional Municipality

How is Halifax Regional Municipality performing?

72

Good
Market Score

67

Rental Demand

53

Revenue Growth

31

Seasonality

37

Regulation

Annual Revenue

$13.3K

+3%

past year

Occupancy Rate

59%

+4%

past year

Average Daily Rate

$149.2

+3%

past year

Revenue per Available Rental (RevPAR)

$85.2

+6%

past year

Halifax Regional Municipality Performance Details

Total available listings

3,012

+3%

past year

Listings by rental channel

Channel

Airbnb (77%)

Vrbo (6%)

Both (16%)

Listings by rental size

Bedrooms

1 Bedroom (57%)

2 Bedroom (23%)

3 Bedroom (13%)

4 Bedroom (5%)

5+ Bedroom (2%)

Rental growth in the last 12 months

Active Listings

+8%

past year

Listings by annual availability

Available

1-90 nights (37%)

91-180 nights (29%)

181-270 nights (20%)

271-365 nights (14%)

Listings by rental type

Type

Entire Home (80%)

Private Room (20%)

Shared Room (0%)

Listings by Cancellation Policy

Flexible (18.0%)

Moderate (71.1%)

Strict (10.3%)

Super Strict (0.6%)

Listings by Minimum Stay

1 Night (0.1%)

2 Nights (28.3%)

3 Nights (12.4%)

4-6 Nights (5.6%)

7-29 Nights (14.5%)

30+ Nights (39.0%)

What amenities do listings have?

Internet

98%

Wireless Internet

98%

Heating

91%

Kitchen

84%

Parking

81%

Who are the largest property managers?

Property ManagerListingsAnnual ChangeReviewsAverage Review
365x
52-0.4%1417
4.47
Corporate Stays
18-0.3%11
5.00
M. Hooper Vacation Rentals
18-0.1%1006
4.69
The Novel Stay
90.0%405
4.55
Lease Better Property Management
41.0%423
4.73

Occupancy

Occupancy Rate

59%

+5%

past year

Booking lead time
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Length of stay
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What percentage of the month was occupied?

Average monthly occupancy over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018

Revenue

Average revenue

$1,325,081

+5%

past year

How much revenue did listings earn per month?

Average revenue over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018

Rates

Revenue per available rental (RevPAR)

$59

+5%

past year

Revenue per available rental
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Revenue per available rental (RevPAR) over the last 5 years
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What was the average daily rate?

Average daily rate over the last 5 years

-3%

past year

2023
2022
2021
2020
2019
2018

Revenue per available rental (RevPAR)

Revenue per available rental

$59

-7%

past year

Weekend revenue per available rental (RevPAR)
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What percentage of the month was occupied?

Average monthly occupancy over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018
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