‘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.
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