Advocates say short-term rentals listed on Airbnb are showing up in some Toronto condo buildings in concerning numbers, contributing to the deterioration of local neighbourhoods and the surge in rental prices, as reported by CBC News.
A new analysis of City of Toronto data by non-profit advocacy group Fairbnb Canada found that 600 short-term rentals, also known as STRs, are located within three condo buildings alone. The group’s executive director, Thorben Wieditz, says it raised concerns over whether these units are operating as “ghost hotels” without being zoned or taxed that way. In a statement to CBC Toronto, an Airbnb spokesperson says at a time when many are facing an affordability crisis, short-term rentals provide hosts the chance to earn additional income.
Ottawa’s hotel landscape is poised for a significant transformation over the next three years with the introduction of four major international hotel brands: AC Marriott, Moxy, Renaissance, and Hard Rock Hotel.
Opened in 2019 as the largest Residence Inn in the world, the 390-suite Residence Inn Calgary is a 33-storey property located in the Beltline District in downtown Calgary.
The MICHELIN Guide has revealed the brand new One, Two, and Three Key distinctions for the most outstanding hotels in Canada.
In January 2025, STAY Magazine will host this new and exclusive event that will bring together Canada’s top hotel property-level leaders to share industry knowledge and look to the future on topics of the greatest…
