There’s been tons of studies in tons of cities. It’s quite clear, for a landlord you make more per month on Airbnb than on a long term rental. So economically it makes sense.
Toronto had to do those studies before city council passed a law to restrict airbnb.
You also saw it through covid when all those units flooded the rental market when international borders closed.
> You also saw it through covid when all those units flooded the rental market when international borders closed.
Toronto had an average of 12,270 daily active listings in 2019 [0]. Toronto had a population of around 2.7 million in 2019. The majority of this impact was caused by people leaving the cities to buy in the suburbs, move in with family, or return to their country of origin.
You also saw it through covid when all those units flooded the rental market when international borders closed.