Housing Shortages

With its peaceful reputation, beautiful scenery, and welcoming people, Canada can become a top-rated destination globally. However, there are significant barriers to unlock Canada’s potential including: critical workforce and housing shortages, a lack of investment, and diminishing international competitiveness.

Canada faces a housing crisis exacerbated by the growth of illegal short-term rentals in major cities. Many HAC members are repurposing guest rooms to house refugees and staff, with some providing below-market housing options. Short-term rentals, dominated by commercial operators, are significantly driving up rental rates, adding over $2 billion in extra rent over five years in British Columbia alone.

This CBRE study analyzes Airbnb’s impact on Winnipeg’s accommodation market, highlighting the dominance of entire-home rentals and significant revenue from multi-unit hosts. The report contrasts Airbnb’s limited job creation and tax contributions with the hotel sector’s substantial economic impact and investments in new developments.

CBRE’s analysis of Airbnb’s effect on Victoria reveals the dominance of entire-home rentals and the significant revenue generated by multi-unit hosts. The study highlights the stark contrast between Airbnb’s limited job creation and tax contributions versus the hotel sector’s considerable economic impact and investments in new properties.

This CBRE study explores Airbnb’s impact on Vancouver’s accommodation market. Entire-home rentals dominate the Airbnb sector, with multi-unit hosts contributing a large portion of the revenue. The report emphasizes the hotel sector’s substantial economic contributions, job creation, and significant investments compared to the minimal impact of Airbnb.

This study by CBRE for the Hotel Association of Canada examines the impact of Airbnb in Toronto. It highlights the significant role of entire-home rentals, with multi-unit hosts generating substantial revenue. The report contrasts the minimal job creation and tax contributions of Airbnb with the hotel sector’s robust economic impact and investment in new developments.

CBRE’s analysis of Airbnb in Regina highlights the dominance of entire-home rentals and the revenue generated by multi-unit hosts. The study contrasts Airbnb’s limited economic impact with the hotel sector’s significant contributions to job creation, tax revenue, and property development.

In Quebec City, CBRE’s study reveals the prevalence of entire-home rentals within Airbnb and the significant revenue from multi-unit hosts. The report emphasizes the hotel sector’s robust economic contributions, job creation, and substantial investments compared to Airbnb’s minimal impact.

This CBRE study evaluates Airbnb’s impact on the accommodation market in Ottawa and Gatineau. Entire-home rentals and multi-unit hosts play a significant role, while the report highlights the contrast between Airbnb’s limited contributions and the hotel sector’s substantial economic impact and investments.

CBRE’s analysis of Airbnb’s presence in Montreal shows the dominance of entire-home rentals and the substantial revenue from multi-unit hosts. The study underscores the differences in economic impact, job creation, and investments between Airbnb and the traditional hotel industry.

The CBRE study on Airbnb in Halifax and Dartmouth highlights the significant role of entire-home rentals and the revenue generated by multi-unit hosts. The report compares Airbnb’s minimal economic contributions with the hotel sector’s robust job creation, tax revenue, and investments in new developments.

CBRE’s examination of Airbnb in Edmonton reveals a heavy reliance on entire-home rentals, with substantial revenue from multi-unit hosts. The study contrasts Airbnb’s limited economic impact with the hotel sector’s significant contributions to job creation, tax revenue, and property development.

In Calgary, CBRE’s study underscores the prominence of entire-home rentals within Airbnb and the notable revenue from multi-unit hosts. The report details the disparity in economic contributions, job creation, and investments between the Airbnb sector and the traditional hotel industry.

Explore HAC’s framework designed for Canadian regulators to effectively manage the dynamic short-term rental market. These strategies safeguard affordable housing, ensure community safety, promote fair competition, and streamline tax collection. Innovative steps include host and platform registration, usage caps, health standards, and robust enforcement, all aimed at creating a balanced and thriving rental ecosystem.

Explore a transformative framework for Canadian regulators to effectively manage the booming short-term rental market. Discover how modern regulations can protect affordable housing, ensure public safety, foster fair competition, and streamline tax collection. Strategic steps include host and platform registration, usage caps, health standards, and robust enforcement to create a balanced and thriving rental ecosystem.

This report by CBRE for the Hotel Association of Canada analyzes the growth and impact of Airbnb on the Canadian hotel industry. It highlights the substantial differences in job creation, revenue generation, and capital investments between the sectors, emphasizing Airbnb’s rapid expansion and potential tax contributions.

Airbnb’s presence in Canada has significantly grown, with 70,000 hosts and over 100,500 listings generating half a billion in revenue from April 2016 to March 2017. Multi-unit hosts, though only 7% of all hosts, contribute 30% of the revenue. While the hotel sector invested $6 billion in new developments, Airbnb mainly repurposes existing properties. Despite the surge, Airbnb’s job creation is minimal compared to the hotel sector, which supports 191,600 jobs.

A study by the Hotel Association of Canada reveals that most Canadians are worried about the impact of Airbnb on their communities. Only 1% believe Airbnb has a positive effect on their neighborhood’s quality of life. Many Canadians feel less safe with nearby short-term rentals, leading to a call for stricter regulations and limits on rental durations.