Housing Master Plan

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g Affordability Challenges? limited supply of relatively affordable housing in the rental websites, according to AirDNA (Figure 10). This market. This is putting significant strain on the rental is a region-wide trend with Blue Mountains (850) and market. Wasaga Beach (450) featuring even higher numbers of short-term rental homes. While it is possible that not all Figure 9 these homes are leased out as short-term rentals year- round, these figures are still notable. Secondary homes and short-term rentals remove homes from the market that could otherwise be used for a full-time resident household. In communities like Collingwood, the demand for secondary homes / short- term rentals needs to be considered when forecasting housing need as more dwelling units will be required to accommodate the local and seasonal populations. Notwithstanding the above, it is important to also Source: Dr. Mike P. Moffatt consider that the tourism industry is critical to Collingwood’s economy, and to that of the wider South Secondary Homes and Short-Term Rentals Georgian Bay region. Consideration should therefore focus on how to reduce the impact of secondary homes Secondary homes and homes used as short-term / short-term rentals on local housing affordability while rentals are also likely having an impact on housing also understanding that these dwelling units may also affordability in Collingwood. serve an important economic purpose from

ahmp_2023#p22.0

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