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

Condo culture: Don’t feed the squirrels — let nature take its course

Q. Some of the residents in our community insist on feeding the squirrels. This has caused constant damage from digging

Shangri-La balconies off-limits after falling glass prompts test (ON)

Condo residents at Toronto’s Shangri-La hotel are being told not to use their balconies after several incidents of falling glass.

(Anaheim, CA) Residents Want Moratorium Extended on Short-Term Rentals

Opponents of short-term rentals in Anaheim are asking the city to extend a moratorium on homes that are leased for