UrbanToronto News - the latest headlines
Revised Phase one of Wynford Green Reviewed by Toronto's DRP
ALSO


Why we gave up being landlords to be Airbnb hosts instead

mjl08

Senior Member
Joined
Apr 12, 2008
Messages
2,848
Reaction score
869
Location
Toronto
Where exactly is all this AirBnB demand coming from? I know that in hot tourist cities like NYC, Rome and Paris they are geared towards backpackers and tourists. Does Toronto have that same cache?
 

Avenue

Active Member
Joined
Jan 9, 2017
Messages
829
Reaction score
682
Where exactly is all this AirBnB demand coming from? I know that in hot tourist cities like NYC, Rome and Paris they are geared towards backpackers and tourists. Does Toronto have that same cache?
Airbnb units are much cheaper than hotel rooms (guess why). So it's not only tourist demand, it's all kinds of demand, including business travelers. Toronto isn't Paris but it's not exactly an obscure city either.
 

gabe

Senior Member
Joined
Feb 1, 2013
Messages
2,848
Reaction score
258
Airbnb units are much cheaper than hotel rooms (guess why). So it's not only tourist demand, it's all kinds of demand, including business travelers. Toronto isn't Paris but it's not exactly an obscure city either.
That's true. More and more business travellers are choosing Airbnb's over hotels. They get more space for longer stays and the rooms are lot cheaper than hotels.
 

Admiral Beez

Senior Member
Joined
Apr 28, 2007
Messages
6,898
Reaction score
1,318
Looking back on this thread, I wonder if the city could have taken a different tack. Instead of coercing property owners to rent their units to long-term tenants vs. Airbnb, how about the city make long-term rental the more attractive choice? Start by making it easier to avoid and evict bad tenants.
 

pman

Senior Member
Joined
Oct 20, 2009
Messages
1,491
Reaction score
1,013
Looking back on this thread, I wonder if the city could have taken a different tack. Instead of coercing property owners to rent their units to long-term tenants vs. Airbnb, how about the city make long-term rental the more attractive choice? Start by making it easier to avoid and evict bad tenants.
Isn’t eviction governed by the provincial Residential Tenancies Act rather than municipal regulation?
 

Top