MONTREAL — A report by a Montreal tenants’ rights association says 79 per cent of the roughly 30,000 units in Quebec that were available for rent in February…
Short-term rental company Airbnb contributes to the housing shortage because the online platform takes units off the long-term rental market, the Coalition of Housing Committees and Tenants Associations of Quebec said in its report released Tuesday.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
A rental market is considered balanced when the vacancy rate reaches three per cent, according to the Canada Mortgage and Housing Corporation. A rate below three per cent constitutes a housing shortage; Montreal’s rate in 2022 was 2.3 per cent. As of Tuesday morning, the San Francisco-based housing marketplace still hosted Quebec listings without permit numbers issued by the province. But later in the day, McNama said in a written statement that “all short-term rental listings without a registration number on Airbnb will be disabled today.”
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