![]() ![]() It’s been possible to book for more than a month on Airbnb (and Vrbo/HomeAway) for years already. Airbnb hosts and guests had already been doing monthly stays for years ![]() So, we’ll be focusing here on Monthly Stays, as there are interesting things for Rental Scale-Up readers to know about them. It’s been a tough week at Airbnb, with the Wall Street Journal painting a story of difficult financial prospects, between high operating and marketing costs, angry hosts, low demand, and expensive new debt. If you took part in the live watching party within our private Facebook group (replay available), you noticed how surprised people were that Monthly Stays did not get mention. We are talking about tenants who are legally evicted to rent units to tourists or investors who buy units for the sole purpose of renting them on Airbnb.Yet, on the same day, Airbnb’s CEO, Brian Chesky, decided to only talk about Online Experiences during his new live stream. ![]() "The heart of the problem is not whether a listing in certified or not, but the transformation of long-term rental units for tourism purposes. 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."ĭussault said limiting companies like Airbnb to listing only government-certified rental units "doesn't solve everything." He said the government should instead ban short-term rental companies from operating in the province. ![]() Seven people were killed in the blaze.Īs of Tuesday morning, the San Francisco-based housing marketplace still hosted Quebec listings without permit numbers issued by the province. A rate below three per cent constitutes a housing shortage Montreal's rate in 2022 was 2.3 per cent.Īirbnb said last week it would remove all Quebec listings without permits, eight days after a fatal fire destroyed an Old Montreal building that housed illegal rentals. A rental market is considered balanced when the vacancy rate reaches three per cent, according to the Canada Mortgage and Housing Corporation. ![]()
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