July 13, 2016
A new study is raising concerns that Airnbnb is pushing much-needed housing units off the GTA market. Nearly 85 per cent of Airbnb revenue in the area comes from renting out entire homes as opposed to spare rooms in shared spaces, the study shows. It’s an indication that people are buying properties specifically for the purpose of running “ghost hotels” — properties reserved for short-term leases….
Source: http://www.metronews.ca/news/toronto/2016/07/13/study-raises-concerns-on-airbnb-gta-housing-market-impact.html