Statistics Canada’s report last week, “Short-term Rentals in the Canadian Housing Market,” reveals that 107,266 housing units were converted to commercial short-term rental (STR) use in 2023, rendering them unavailable for long-term occupancy. Comparing this number to Canada’s current total housing stock of 15,495,361 units, Statscan suggests that a seemingly minor 0.69 per cent of the total housing stock is utilized as commercial STRs.
Smack down of StatsCan’s assumptions.
