Short-term cities

Airbnb's impact on

Canadian housing markets

UPGo, the Urban Politics and Governance research group at McGill University, is proud to announce the release of Short-term Cities: Airbnb's Impact on Canadian Housing Markets. This report is the first comparative analysis of short-term rentals in Canada's three largest metropolitan regions: Montreal, Toronto, and Vancouver. Across these cities and their suburbs there were more than 81,000 Airbnb listings active during the last year, which earned a collective $430 million. Of these, 13,700 listings are entire homes rented 60 days or more per year, and unlikely to be available for long term tenants. The most commercialized category--full-time, entire homes run by hosts with multiple listings--is also the fastest growing. These trends suggest increasing amounts of housing are being taken up by profit-seeking short-term rentals, and that the short-term rental market is moving further and further away from the idea of home-sharing.

Conducted by McGill's UPGo researchers--Prof. David Wachsmuth, Danielle Kerrigan, David Chaney, and Andrea Shillolo--the report details the increasing commercialization of short-term rentals in Canada and what cities should do about it.

Short-term Cities is available for download here: