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.
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.