Platforms like Airbnb are receiving renewed scrutiny amid a return to summer travel and an uptick in demand for short-term rentals, because of their role in making housing less affordable for some Canadians. Anne Gaviola has more on the impact of short-term rentals and the push for regulation
I live across the street from an airbnb and honestly I don’t understand the market. It’s around the same price as a hotel downtown but I’m out in the suburbs, sure you get more space but at the cost of house keeping and having to drive everywhere as transit is near non-existent.
If the owners bought the place with 20% down they’re going to need major utilization to cover the mortgage and I guess I’ll find out if it ends up back on the market.
AorBnN makes more sense for a group of people traveling together. A couple of families or a single large family with lots of kids. In a hotel you each have to go to your own room whereas in a house you still get your own room but now you have common areas you can socialize in.
Pretty much this.
We have young kids that go to bed around 8. If we want to stay up, then we’d need another hotel room, turning $150 a night into $300 a night. On top of that, hotel rooms don’t really have kitchens, so we’d have to eat out every meal. Airbnb ends up being cheaper and more convenient, even if the places are in the middle of nowhere.
Airbnb is shitty, but it fills a niche hotels have ignored.
I can only speak for myself but me and my gf basically live out of Airbnbs around the world. We typically rent a minimum of two months. There are plenty of Airbnbs I can spend two months in. I would kill myself if I had to spend two months in a hotel room.