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This Airbnb alternative won’t destroy Canada’s housing market
(breachmedia.ca)
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this post was submitted on 27 Oct 2023
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You can't redistribute your way out of a shortage. Any solution to the housing crisis that doesn't involve a shitload more housing is rearranging the deck-chairs on the Titanic.
It’s more than just that though. Adding more housing to the market without dealing with large scale short term rentals and people hoarding investment properties will just lead to more hoarding as the people who already own property use the basically nonexistent interest rate to leverage their assets to keep buying up more profit properties.
They’ve already tackled interest, but they still need to do the rest before building more will actually help.
In the meantime, freeing up housing not currently available to homebuyers who want somewhere to live would certainly help, and would free up more long term rentals as well, which would help with the absurd prices rentals have reached.