A recent report by a public interest group in Toronto, Fairbnb, has added its concerns to those raised globally about the impact of Airbnb on local housing.

It has become clear that this one American company has affected local markets worldwide, pushed rental prices up and could be contributing to poverty, especially in tourist destinations.

Regulations were laid down in 2017 to stop rich investors buying up multiple properties just to list on Airbnb, but these were appealed and new hearings are set for later this year.

The report notes that if Toronto’s new rules were enforced, up to 6,500 whole homes would be available again for long-term family rental housing.

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