The Airbnb Strain
Short-term Rental vs Long-term Rental
As per Dany Papineau, a landlord, short-term rentals offer:
- more control to the owners,
- can be used by the owner whenever they want, and
- More money in a shorter period of time.
With the introduction of new and more stringent regulations and taxes, experts believe that the rent situation is getting better in Canada.
Even then, it is expected that around 5,000 properties will come back on the long-term rental market.