December 2023

Is Airbnb Really Causing the Housing Crisis?

Posted on Dec 19, 2023 in Market Conditions

Did Airbnb perpetuate the housing crisis?

In the early days of the coronavirus pandemic, Canada’s rental market cratered, particularly in major urban centres. Many of the large cities, like Toronto and Vancouver, saw condominium units flood the housing market, creating a crash in apartment rents, something that had not been seen in years.

It was a re...

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