WislaHD
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![www.thestar.com](https://bloximages.chicago2.vip.townnews.com/thestar.com/content/tncms/assets/v3/editorial/8/ea/8ea17435-5f69-59e5-a32f-f7c9601e9338/63e7180b08852.image.jpg?crop=1200%2C630%2C0%2C85&resize=1200%2C630&order=crop%2Cresize)
Rents could drop 5 per cent — and vacancy rates might climb — in Toronto this year
Even under COVID-19 conditions, Toronto is headed for a large number of condo completions that should spell relief to renters.
But a 5 percent increase is often considered exploitative.5 percent isn't much of a rent drop. That's anywhere from $100 to $150.
Airbnb asking federal government for bailout money.
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Airbnb asks government to bail out hosts in Canada - ThinkPol
Airbnb spent the last decade ruthlessly going after all levels of government to remove or water down housing rules that stand in the way of long term rental units being turned into irregular hotels. Airbnb hosts labelled government attempts to regulate short term rentals as government trampling...thinkpol.ca
The comments section is great too.Short. Succinct. Sweet!
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“No” – Government dismisses Airbnb request to bail out hosts in Canada with one word - ThinkPol
“No.” That’s the Government of Canada’s one-word response to Airbnb’s request to bail out hosts who are struggling to survive amid cancellations brought on by the COVID-19 pandemic. Parliamentary Secretary for Housing and Member of Parliament for Spadina—Fort York Adam Vaughan tweeted out the...thinkpol.ca
The hosts may not be able to recover, but I'm sure that AirBnB will. Unlike WeWorks, they really don't own/lease most of the property. Once things get back to normal, people will flock by to host. Perhaps not as much as before, as the travel/tourism industry is going to need a bit longer to recover.
How are they really going to enforce that STR is "only provided to individuals who are in need...." I mean theoretically, everyone renting is "in need".