March 6, 2017
Blow up your idea of what Airbnb is. That’s the message Fairbnb, which represents everyone from housing advocates to condo owners to hospitality workers, is sending to city councillors and everyone else in the city. The group says it supports people being able to profit from sharing a room in their home, but Airbnb is increasingly allowing commercial companies to “cannibalize” the rental market by snapping up multiple properties to offer up a few days at a time. Fairbnb’s Thorben Wieditz said Toronto just can’t afford that at a time when renters are grappling with condo rental vacancy rates of just one per cent, while also fearing potentially massive rent hikes…
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