Re:Airbnb's Devastating Effect on Canadian Housing
by masom on Friday March 08, 2024 @01:59PM
(#39644697)
There's a difference between purpose-built rentals, and Airbnb taking over what should have been long term rentals.
I live in a resort town where we implemented strict rental licenses as otherwise the whole town would be on Airbnb, with nowhere for locals to live. There's no more land to build on within 50km. We're seeing a lot of housing be torn down and rebuilt as 4 unit townhomes on the same land.
The town is now attempting to balance between vacation homes and long term rentals, with fines for unlicensed Airbnbs.
I live in a resort town where we implemented strict rental licenses as otherwise the whole town would be on Airbnb, with nowhere for locals to live. There's no more land to build on within 50km. We're seeing a lot of housing be torn down and rebuilt as 4 unit townhomes on the same land.
The town is now attempting to balance between vacation homes and long term rentals, with fines for unlicensed Airbnbs.