With rentals becoming increasingly prevalent in local housing markets, creating new opportunities for tourists and an additional revenue stream for some homeowners the growth has also renewed concerns about the financialization of housing.
Housing advocates are calling on a group of developers to drop their appeal of a new Toronto bylaw they say was established to protect tenants and affordable housing.
Downtown Toronto will be the first testing ground in North America for a short-term rental co-operative that hopes to put ‘sharing’ back in the sharing economy.