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How the Airbnb ban led to lower rental prices in Canada's major cities

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Title (Dublin Core)

How the Airbnb ban led to lower rental prices in Canada's major cities

Description (Dublin Core)

Many of Canada's largest cities have been experiencing what have been dubbed housing crises in the past few years; rental and purchasing prices have shot through the roof while availability shrinks, pushing out many poor or even middle class residents. This article explores how the drop in demand and government restrictions for AirBnBs (short term online rentals), as a result of the pandemic has impacted the market. To ensure they are still receiving income from their properties many who were renting their units for short term stays are instead turning to leasing them out traditionally, causing an influx in housing availability and driving the prices down with the increased supply. While this is not the best for those looking to turn a profit off their real estate it is an unexpected benefit of the pandemic for many average citizens.

Date (Dublin Core)

Creator (Dublin Core)

Contributor (Dublin Core)

Type (Dublin Core)

news article

Link (Bibliographic Ontology)

Publisher (Dublin Core)

Ottawa Citizen

Controlled Vocabulary (Dublin Core)

English

Curator's Tags (Omeka Classic)

Contributor's Tags (a true folksonomy) (Friend of a Friend)

Collection (Dublin Core)

English

Date Submitted (Dublin Core)

06/16/2020

Date Modified (Dublin Core)

06/20/2020
06/25/2020
03/12/2021

Date Created (Dublin Core)

06/16/2020

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This item was submitted on June 16, 2020 by Hope Gresser using the form “Share Your Story” on the site “A Journal of the Plague Year”: https://covid-19archive.org/s/archive

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