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this post was submitted on 15 Sep 2023
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Hopefully this leads to a large decrease in the number of landlords, as they realize that landlording is not really the good investment it seems unless you are depending on speculation to drive prices up (or do illegal things like not maintain the property properly)
It already has. Many would rather see their property sit empty than deal with this nonsense.
Why do you think rents have skyrocketed?
or on AirBnB, I've seen a night is ~1/3 of the month rent, so if you can rent your apartment ~3 days a month, it pays the same as a full renter. If your apt is downtown and you can rent it 4-5+ days/month, it's full profit. There's something like 13'000 airbnb in Montréal, most are illegals, and we have thousands of people sleeping in tent outside. System is broken.
Ban AirBNB? Sounds like a pretty simple plan to abolish illegal undocumented hotel rooms.