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Short-Term Rentals Driving Up Residential Rents, Desjardins Group Report Says

North America’s Largest Federation of Credit Unions Urges Government To Act

Canada's Airbnbs have included this building in Old Montreal that was ravaged by a deadly fire in March, drawing attention to short-term rentals. (CoStar)
Canada's Airbnbs have included this building in Old Montreal that was ravaged by a deadly fire in March, drawing attention to short-term rentals. (CoStar)

North America’s largest federation of credit unions is urging government action to discourage Canadians from operating short-term residential rental properties as the country copes with an ongoing housing crisis that has seen vacancies dwindle and apartment and other housing rents skyrocket.

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