Ontario short-term rentals offer compelling returns for investors, with standout tourist draws like Niagara Falls and Toronto’s vibrant cultural scene. Vacation rentals in Ontario are uniquely positioned to serve both urban travelers and those seeking lakeside retreats. Before you dive in, review the latest metrics to maximize your STR investing in Ontario.
Quick Takeaways
- Over 24,000 active Ontario short-term rental listings
- ADR: $215 (Ontario average), with top properties hitting $410+ nightly
- Occupancy hovers near 68% across most seasons
- Year-over-year STR revenue outpaced national growth by 5%
- Flexible cancellation rates under 14%, signaling reliable bookings
- Pro tip: Focus on properties near major events or tourist corridors
Market Performance Snapshot
Ontario’s short-term rental market remains dynamic. Ottawa, Toronto, and Muskoka dominate bookings, while regional destinations increasingly attract families. Properties close to attractions like the Royal Ontario Museum, Stratford Festival, or nature escapes compete aggressively for guests’ attention. Investors considering vacation rentals in Ontario discover robust year-round demand, especially during festival seasons.
What’s Fueling Occupancy & ADR?
Two drivers stand out: proximity to top local attractions and the variety of property types. Modern townhomes and lakeside cottages consistently outperform. “Pet-friendly” and “workspace” amenities increase both occupancy and average daily rate. Ontario’s strong event calendar—from the Toronto International Film Festival to summer regattas—delivers notable seasonal boosts.
StaySTRa Analyzer
If you’re evaluating a specific property or narrowing your investment focus, the StaySTRa Analyzer lets you plug in an address and see actual STR performance data. It’s free to use and built for investors.
Managing Guest Experience and Cancellations
Investors cite a sub-14% cancellation rate, below national averages. Automated messaging and smart locks enhance guest satisfaction, while easy access to events drives repeat visits. Emphasize clear cancellation policies in listings on Airbnb’s Ontario page for best visibility. STR investing in Ontario benefits from transparent, pro-guest approaches.
Final Tips for Ontario STR Investing
Regulatory changes in Ontario require proactive management. Explore local bylaws in your market of interest. Operate with full compliance, especially in Toronto. Rural vacation rentals may offer fewer regulatory hurdles but ensure you’re listed on top platforms and close to local attractions.
Ontario’s thriving market rewards focused, data-driven STR investing. Ready to learn more or connect with local experts?
