Policy & The Law
THE RISE AND FALLOUT OF SHORT-TERM RENTALS
By Stacey Newman With Alnoor Gulamani, President, Bayview Group of Companies
IN RECENT YEARS, the Canadian hospitality industry has witnessed a significant transformation driven by
the rapid growth of short-term rentals facilitated by platforms like Airbnb, Vrbo, and Booking.com. This evolution has prompted legislative and policy challenges by affordable housing activists, hotel industry representatives, the Hotel Association of Canada (HAC) and several provinces and municipalities actively promoting change. Short-term rentals have become a significant issue in Canada, with an estimated 35,000 units across the country exacerbating an already acute housing shortage suggests Alnoor Gulamani, president, Bayview Group of Companies. Gulamani is an industry veteran, critic, and advocate regarding the current state of short-term rentals in Canada. Bayview is actively engaged in building and operating residential rental homes as well as hotels. At STAY Magazine, we have tapped into Gulamani’s knowledge and opinions. Along with Gulamani’s consultation, we’ve done our homework to help Canadian hoteliers better understand this complex and pressing issue. This article should serve as both a crash course on short-term rentals and a report on where things are heading in 2024. Winter 2024 |
staymagazine.ca
|
43