As Canada continues to struggle with a housing crisis, the federal government has introduced a slew of new measures in the fall economic statement to support municipal efforts to crack down on short-term rentals and free up long-term housing.
“These are not spare bedrooms in someone’s home—they are entire houses and apartments that are being used for tourists to rent—in many cases, only for a few days a week,” reads the statement, released Nov 21. “Canada needs more long-term housing for Canadians to live in, and the federal government is taking action to crack down on these short-term rentals which are keeping homes for Canadians off the market.”
