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Canadians Call for More Regulation of Short-Term Rentals – Image Credit Unsplash
More than three in five Canadians support limiting commercial short-term rentals.
In a recent survey conducted by Nanos Research, most Canadians expressed their concern about the negative impact of short-term rental properties on housing availability and rent prices. Nik Nanos, Chief Data Scientist at Nanos Research, stated, “In a climate where housing affordability is top of mind for Canadians, short-term rentals are linked to the issues of housing availability and increased rent prices.”
The survey further revealed that Canadians are twice as likely to believe rent prices in their neighbourhood would go up rather than stay the same, a noticeable increase compared to 2018. It also strongly supports limiting commercial short-term rentals, especially among young Canadians aged 18-34.
Interestingly, local politicians advocating for more regulation of short-term rental platforms are likely to see a positive impact on their electoral prospects. Canadians would be likelier to vote for a politician who believed in controlling online short-term rental platforms. This survey suggests a growing public sentiment toward regulating the short-term rental market for housing affordability.
