Airbnb

The closer you look, the clearer it gets Canada needs to take meaningful action to bring housing costs down, but experts agree that restricting short-term rentals will not solve this crisis. Take a closer look at the numbers: Canada needs 5.8 million new homes by 2030 to achieve housing affordability, yet short-term rentals make up just 0.6% of the country's existing housing stock. Further restricting short-term rentals would amount to little more than a drop in the bucket in meeting Canada's housing supply needs. Canada must prioritize reversing decades of under-investment in housing to meaningfully address this crisis. It's critical that governments remain laser-focused on real solutions to unlock new housing construction. At a time of record-high cost of living, short-term rentals are helping people earn essential income and make ends meet. They're also an essential part of our thriving tourism sector and supporting small businesses across the country. To learn more about how Airbnb is helping Canada's economy during this challenging time, visit Airbnb.ca/closerlook.