The sound of people vomiting at 3 a.m., neighbours who open their windows to scream “I love you, Montreal!” at all hours of the night and a frat house atmosphere taking over the building. This is how Manon Wascher describes the “Airbnb nightmare” she has gone through since the apartment complex she lives in on Guy St. was sold four years ago. Wascher says there are between 30 and 50 of the building’s 230 units being rented on the popular travel website.
The American online marketplace Airbnb has likely removed approximately 31,100 units from Canada’s long-term rental markets. This could make it difficult for Canadian cities and provinces to prevent growing housing affordability issues.
A report from critics of Airbnb says the vacation rental website is driving up rental prices and reducing housing availability in New York City. The analysis published Monday comes from a researcher at 㽶Ƶ in Montreal and was commissioned by the Hotel Trades Council, a union of hotel workers...
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And contrary to the Airbnb narrative that the online booking service is aboutregular peoplesharing their homes to help pay the mortgage, there has been disproportionately large growth of full-time, entire-home listings that belong to hosts with multiple Airbnb properties, according to a copy of a draft report prepared by the 㽶Ƶ School of Urban Planning.
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