Understanding the Demand for Short-Term Rentals in Toronto
If you’re exploring the best areas in the Greater Toronto Area (GTA) for short-term stays, you’re in the right place. As Canada’s largest and most vibrant city, Toronto attracts millions of visitors annually. With easy access to its surrounding suburbs and cities, the GTA has become a top region for short-term rental management in GTA.
Toronto sees nearly 30 million annual visitors, and demand for short-term rentals continues to grow due to tourism, business travel, education, and cultural events. As international travellers begin their Canadian journey here, many seek unique, comfortable, and localized experiences outside the busy downtown core. This has opened up incredible opportunities for hosts in neighbouring communities like Mississauga, Oakville, and Vaughan.
With strong year-round tourism, a diverse cultural scene, and a growing preference for home-style accommodations, Airbnb rentals in Greater Toronto are in high demand.
Why Travellers Prefer Airbnb Over Traditional Hotels
Short-term rental management in Toronto is thriving due to guests’ demand for flexibility, space, and comfort. Whether a family needs an extra room or a solo traveller on business looks for a quiet, fully equipped suite, Airbnb options deliver what hotels often can’t.
From furnished kitchens to cozy living spaces and laundry amenities, the convenience and value of short-term rentals appeal to travellers seeking more personalized stays. Many visitors prefer neighbourhoods just outside the city centre for a more relaxed atmosphere while enjoying access to major attractions and transit routes.
Now, let’s explore the five best areas in the Greater Toronto Area for Airbnb hosts and guests.
Five Best Areas in Toronto an Airbnb Manager Should Know About
1. Mississauga
Mississauga is home to Pearson International Airport, Canada’s largest and busiest airport. It is the first stop for many global visitors. The airport offers seamless access to seven major highways and connects easily to Toronto’s core.
Beyond its excellent location, Mississauga boasts a stunning lakefront, large shopping centers like Square One, cultural events at Celebration Square, and nature escapes along scenic trails. With a robust business infrastructure and a diverse population, it’s a hotspot for both leisure and executive travellers seeking short-term stays.
2. Oakville
Located between Toronto and Hamilton, Oakville offers a charming lakeside community with an upscale vibe. Known for its beautiful harbour, boutique shopping districts, and thriving arts scene, Oakville is a hidden gem for travellers looking for a relaxing yet accessible destination.
Its proximity to both downtown Toronto and Niagara Falls makes it ideal for weekend getaways or family visits. Short-term rentals in Oakville are especially popular among guests who prioritize aesthetics, walkability, and culinary experiences.
3. Richmond Hill
Richmond Hill is one of the fastest-growing communities in the GTA. It is appreciated for its family-friendly atmosphere and abundance of recreational spaces. While not a traditional tourist destination, its authentic suburban charm is what many guests seek.
The area is home to the David Dunlap Observatory, Lake Wilcox, and cultural landmarks like the Richmond Hill Centre for the Performing Arts. Furnished Airbnb stays here are ideal for guests attending local events or those relocating to Toronto.
4. Vaughan
Vaughan remains one of Canada’s fastest-growing cities, making it a prime location for short-term rentals. Just minutes from downtown Toronto, Vaughan is known for its diverse population, modern infrastructure, and family-oriented communities.
With attractions like Vaughan Mills Shopping Centre and Canada’s Wonderland, it’s also a tourist favourite. Business professionals and relocating families alike find Vaughan’s well-connected transit and new developments perfect for longer stays.
5. Hamilton
Hamilton has transformed into a cultural and industrial hub. Located at the western tip of Lake Ontario, it appeals to both nature enthusiasts and professionals. From the Bruce Trail and Niagara Escarpment to historic warships and museums, Hamilton offers a mix of outdoor activities and historical interest.
As a center for iron and steel production, Hamilton also welcomes a steady stream of professionals. Airbnb hosts here benefit from demand across both tourism and extended work assignments.
Whether you’re a traveller looking for the perfect neighbourhood or a host researching potential areas, these top five GTA locations offer a balanced mix of convenience, culture, and rental potential. To learn more about how to run successful listings in this market, explore our services in Airbnb Management Toronto.