4 ms·

I think it's a combination of many factors, for sure. Definitely also being impacted by the tighter mortgage regulations that our government enacted recently.

I think it's a combination of many factors, for sure. Definitely also being impacted by the tighter mortgage regulations that our government enacted recently. It's also really unfavorable to be a landlord (at least in Ontario) as it's possible for a tenant to take up a lease and not pay for almost an entire year while you legally evict them. So I suppose it's understandable why people prefer to AirBNB their units, aside from making more money. Really shitty situation all around.

britch 7y ago
I admit that eviction situation sounds difficult for landlords. I know I would be frustrated if I was a landlord in that situation. Do you have evidence that the eviction issue is wide-spread enough to cause landlords to prefer AirBnB-ing to renting? It looks like city centers have the highest density of AirBnBs. I find it hard to believe that people renting in city centers (let's be honest these are usually luxury apartments) not paying their rent are so frequently that the only recourse is for the landlord to turn to AirBnB to turn a profit. To me, it seems the profit motive is a more likely explanation. The landlords have the ability to long-term rent, or use AirBnB. They _choose_ to use AirBnB because it is more profitable.
- Macross8299 7y ago
  >that the only recourse is for the landlord to turn to AirBnB to turn a profit. Just playing devil's advocate, but that assumes that the landlord didn't factor those things like eviction law into their decision of what type of property to buy and where to buy it. Maybe the landlord made the decision between buying a rental property in a suburb and buying an AirBnB property in a city center and decided that the former case was infeasible due to eviction laws. For instance, you can buy a small apartment building in metro vancouver for 2-5 million CAD. Same price as a couple of luxury apartments downtown.

britch 7y ago

I admit that eviction situation sounds difficult for landlords. I know I would be frustrated if I was a landlord in that situation. Do you have evidence that the eviction issue is wide-spread enough to cause landlords to prefer AirBnB-ing to renting? It looks like city centers have the highest density of AirBnBs. I find it hard to believe that people renting in city centers (let's be honest these are usually luxury apartments) not paying their rent are so frequently that the only recourse is for the landlord to turn to AirBnB to turn a profit. To me, it seems the profit motive is a more likely explanation. The landlords have the ability to long-term rent, or use AirBnB. They _choose_ to use AirBnB because it is more profitable.

Macross8299 7y ago
>that the only recourse is for the landlord to turn to AirBnB to turn a profit. Just playing devil's advocate, but that assumes that the landlord didn't factor those things like eviction law into their decision of what type of property to buy and where to buy it. Maybe the landlord made the decision between buying a rental property in a suburb and buying an AirBnB property in a city center and decided that the former case was infeasible due to eviction laws. For instance, you can buy a small apartment building in metro vancouver for 2-5 million CAD. Same price as a couple of luxury apartments downtown.