Airbnb driving up rent in Toronto, group says

Airbnb has launched an ad campaign targeting homeowners struggling to pay their mortgages, but a local coalition is calling on the city to impose stricter rules on the burgeoning short-term rental market.  While the hot housing market in Toronto has led to a short supply of rental units and soaring rents, a recent report by Fairbnb claims short-term condo rentals are also a big part of the problem.  “I think it definitely has (contributed to the rental crisis),” said Fairbnb’s Thorben Wieditz.    Read the article…………


Related Articles

Showdown at Diamond A Ranch (CA)

At last week’s Planning Commission meeting on revised rules for vacation rental permits, more than a dozen of the public

Pick or Pass: Is a Special Assessment the Reason Why This Home is Still on the Market?

Recently, there were two homes on the market with the same offer date and my clients were trying to figure

CBC INVESTIGATES Owners of condos with structural problems question city’s role in approving building plans

Owners in a Winnipeg condominium development with structural problems are questioning the city’s role in approving plans for the homes.