The facts don't lie. Short-term rentals cause long-term problems.
Only 17% of total Airbnb revenue in Canada is generated by true home sharing, where the owner is present during the guest’s stay. This means that in 2016/17, entire-home rentals comprised 83% of total Airbnb revenues in Canada.
Approximately 7-in-every-10 units on the Airbnb distribution platform are entire-home rentals, with guests having complete and sole access of the entire unit during their stay.
1-in-3 units in Canada is rented out for more than 90 days per year and generates 71% of total Airbnb revenues in the past 12-month period.
Over the past 2 years, entire-home multi-unit hosts have increased at a much faster pace than single entire-home hosts, with revenues from this segment more than doubling from $71 million to $167 million – a 134% increase.
These multi-unit hosts account for over 30% of all revenue generated on Airbnb in Canada.
Canada’s Airbnb sector has the potential to contribute $85 million in consumer taxes and fees to the Canadian economy.