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17 Oct 2023 Published in: News,

‘Ghost hotels’ in Toronto contributing to housing crisis and surging prices

This article from CBC News underlines the housing crisis in Canada. Advocates say short-term rentals listed on Airbnb are showing up in some Toronto condo buildings in concerning numbers, contributing to the deterioration of local neighbourhoods and the surge in rental prices.

A new analysis of City of Toronto data by non-profit advocacy group Fairbnb Canada found that 600 short-term rentals are located within three condominium buildings alone.

Read the full article at this link:

https://www.cbc.ca/news/canada/toronto/city-data-analysis-short-term-rentals-condo-buildings-1.6996677

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