where is the highest demand area in Toronto

Elham4
Level 2
Richmond Hill, Canada

where is the highest demand area in Toronto

Dear whoever reads this, I would like to know if I want to buy a condo strictly to use for airbnb so I can get some income, what specific area in Toronto or GTA or downtown Toronto would you recommend that would be highly demanded area so I don't have to worry and I would always have guests, I know this might be a hard question but I know I can be a great Host so that is not an issue, I just need to know where to buy it and would one bedroom or studio would be better choice. I know every bussiness has it's risk, but my situation is abit different, I have a child who has been battling Leukemia and as a result I have lost all my three part time jobs and he is disable now as a result of Bone Marrow transplant so something flexible job like this that I don't need to leave him at home and go for job would work for me and he will have few main surgeries so I really need to make this work and find a good place that if I prepare every thing i would constantly have guests and I can get some income at the same time, I would very much appreciate your help and expertise in this matter, also if you can also tell me what to watch for when buying for example I know some condo do allow in their contract to use for airbnb and some they don't allow so kindly let me know if there are things like this that I need to know

Kindest Regards

 

4 Replies 4
Cor3
Level 10
Langerak, South Holland, Netherlands

Hi @Elham4,

 

You could start with getting some advice on: https://www.airdna.co/

Elham4
Level 2
Richmond Hill, Canada

tnks

Mark421
Level 2
Toronto, Canada

Hi elham

 

I have experience running 5 airbnb downtown Toronto. Send me a message and we can set up a time to chat. I can share with you exactly the revenues these units have been earning. 

 

Mark

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Hello Mark, would you be able to connect with me as I am looking for some recommendations - **

 

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