Local town ‘trending’ with short-term-rental customers

Airbnb reports a rise in Ontarians seeking affordable vacations in their local areas, with Penetanguishene emerging as a trending destination. Many bookings are domestic, particularly from the Greater Toronto Area. Airbnb listings are often more affordable than hotels and are located in areas with fewer accommodations, benefiting small communities and local businesses. Prices for Airbnbs tend to be lowest in the fall, and while concerns about housing supply exist, short-term rentals represent less than one percent of Ontario's overall housing market.