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.
Canada’s tourism industry is on track for measured growth in 2025, with potential tailwinds from a weakened Canadian dollar and evolving domestic spending patterns. According to a recent report from the Business…
Germain Hotels and Reliance Properties have announced a recent partnership to open Le Germain Hotel Vancouver.
Spanish hotel chain RIU Hotels & Resorts is set to open its first Canadian establishment, the Riu Plaza Toronto, in late 2025. This addition will expand the company's urban portfolio to 12 properties worldwide.
Canada’s hotel average daily rate (ADR) and revenue per available room (RevPAR) were its highest for any February on record, according to data from CoStar.
