Rise of ghost hotels casts pall over Toronto rental market - News Summed Up

Rise of ghost hotels casts pall over Toronto rental market


( Rene Johnston / Toronto Star )With more than 5,000 listings, these short-term rental entrepreneurs account for over a quarter of the more than 20,000 Toronto listings on Airbnb. Some of these Top 10 “ghost hotel” hosts include “Emil & Sue” (96 listings), “Toronto Suite Rentals” (79 listings) and “Steve” (55 listings). The result: Thousands of rental units are now being filled with tourists instead of Torontonians, say experts. Many condo boards do not allow short-term rentals, however, condos.ca lists ICE Condos as one of a few Toronto buildings that do. The total number of Toronto Airbnb listings increased by almost a quarter in 2018, the coalition says.


Source: thestar April 22, 2019 23:00 UTC



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