Housing Minister Sean Fraser said Monday the federal government is considering a series of measures to curb the number of Airbnb and other short-term rental units on offer to boost the supply of homes available to rent for a longer stretch.
But Fraser said there’s another way to address the supply crunch: make existing properties tied up on short-term rental platforms available to prospective long-term renters and buyers.
The Toronto Star reported Monday that Ottawa will soon block people from deducting expenses on short-term rentals in areas where those services are already limited by other levels of government.
“We know that short-term rentals through sites like Airbnb and VRBO mean fewer homes for Canadians to rent, especially in urban and populated areas of our country,” Freeland told an October press conference.
The company said the Conference Board “found no compelling evidence that the level of Airbnb activity in Canada had a meaningful impact on housing affordability across 19 of the largest Canadian cities.”
Many Canadians earn extra income through home sharing to make ends meet at a time of increasing inflation, interest rates and cost of living.
The original article contains 879 words, the summary contains 184 words. Saved 79%. I’m a bot and I’m open source!
This is the best summary I could come up with:
Housing Minister Sean Fraser said Monday the federal government is considering a series of measures to curb the number of Airbnb and other short-term rental units on offer to boost the supply of homes available to rent for a longer stretch.
But Fraser said there’s another way to address the supply crunch: make existing properties tied up on short-term rental platforms available to prospective long-term renters and buyers.
The Toronto Star reported Monday that Ottawa will soon block people from deducting expenses on short-term rentals in areas where those services are already limited by other levels of government.
“We know that short-term rentals through sites like Airbnb and VRBO mean fewer homes for Canadians to rent, especially in urban and populated areas of our country,” Freeland told an October press conference.
The company said the Conference Board “found no compelling evidence that the level of Airbnb activity in Canada had a meaningful impact on housing affordability across 19 of the largest Canadian cities.”
Many Canadians earn extra income through home sharing to make ends meet at a time of increasing inflation, interest rates and cost of living.
The original article contains 879 words, the summary contains 184 words. Saved 79%. I’m a bot and I’m open source!
Ah, I’ll bet. And you’ll say you’ll “do something” just after you get elected again, right?
Seen this with the LPC and OLP too many times to count: