August 26, 2016
Toronto’s waterfront is haunted by “ghost hotels” with a concentration of short-term rental listings in condo towers in the area, according to data from independent website Inside Airbnb. The site, which scrapes data from Airbnb listings around the world, shows 16 per cent of Toronto’s Airbnb rentals are located there, the most of any neighbourhood in Toronto. About 83 per cent of these listings are for the entire unit, not just a spare room. Thorben Wieditz a member of the Fairbnb coalition which advocates for regulation of short-term rental sites, said this undermines city planning efforts to build residential housing downtown, and takes much needed rentals off the market. “They’re actually building hotels,” he said….