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.
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 raises concerns over whether these units are operating as “ghost hotels” without being zoned or taxed that way.
