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They could be built anywhere (yes, even Toronto and Vancouver) as long as the political will is there. If 100% of those units were converted into AirBnB that's
by ng12 7y ago
They could be built anywhere (yes, even Toronto and Vancouver) as long as the political will is there.
If 100% of those units were converted into AirBnB that's another problem: why is the demand for short-term rentals so much higher than long-term ones? Again, not really AirBnB's fault.
- dorchadas 7y agoI wouldn't say that the demand for short-term rentals is so much higher than that for long-term ones. I'd say that landlords know they can make a lot more money with short-term rentals, and that's why they do it. The rentals don't even go to the long-term market. I know that's partially the case in Ireland of why it's so hard to get housing. Landlords can make a full year's rental salary over the summer with AirBnB...Why rent long-term when you can do that?