As summer travel returns and the demand for short-term rentals increases, experts are examining the impact of platforms like Airbnb on the affordability of housing in Canada. According to experts, there is a clear link between the prevalence of short-term rentals in a city and the cost of rents and property prices. However, Airbnb has denied any proof that it makes housing more expensive for local residents. Despite this, Quebec’s new legislation regulating the short-term rental market is showing promise to experts who are monitoring the impact of Airbnb on housing affordability in Canada. Airbnb predicts a much larger return to summer travel in Canada, with budget-conscious Canadians looking to travel domestically after pandemic restrictions. While demand is increasing, the supply of short-term rentals in major urban centres has not yet recovered. Regulations have been introduced across Canada to address concerns over housing affordability, with the most successful regulations requiring hosts to register their properties to obtain a license and restricting rentals to primary residences only. However, some experts claim commercial owners are continuing to operate shorter-term rentals under the radar.
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