How Airbnb is fuelling gentrification in Toronto

A new study sheds light on how short-term rentals like Airbnb make housing less affordable. Credit: Shutterstock The average asking price for a rental unit in Canada reached $2,042 in June, marking a 10.2 percent increase from 2022. Metropolitan districts are particularly affected by rising rental costs, with some local families forced to relocate due to a lack of affordable housing.

https://worldnewslivetv.com/earth/how-airbnb-is-fuelling-gentrification-in-toronto/