Short-Term Rentals Have ‘Significantly Impacted’ Housing Affordability: Desjardins

Short-Term Rentals Have ‘Significantly Impacted’ Housing Affordability: Desjardins
The head offices of Caisse Desjardins are seen in Montreal, Feb. 24, 2021. The Canadian Press/Ryan Remiorz
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A new Desjardins report suggests short-term rentals likely contributed to the housing affordability crisis in Canada and around the world.
The report released Monday shows the proliferation of short-term rentals on platforms such as Airbnb and Vrbo has had a significant effect on the affordability and availability of homes by reducing the number of units available for long-term rentals and resale markets.