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Less Than 1% of Short-Term Rentals Could Be Permanent Dwellings, Study Finds

Number of Short-Term Rentals That Could Be Permanent Dwellings Too Small To Affect Housing Affordability Challenges, Statistics Canada Report Finds
A Statistics Canada study finds short-term rentals don't offer much of a solution for permanent housing in most parts of the country. The share of potential long-term dwellings was higher in tourist areas. In Whistler, British Columbia, for example, long-term rentals represented 35% of all housing units. (Getty Images)
A Statistics Canada study finds short-term rentals don't offer much of a solution for permanent housing in most parts of the country. The share of potential long-term dwellings was higher in tourist areas. In Whistler, British Columbia, for example, long-term rentals represented 35% of all housing units. (Getty Images)
CoStar News
August 2, 2024 | 3:58 P.M.

A new study found that less than 1% of potential long-term rental units are leasing as short-term rentals on platforms such as Airbnb and Vrbo, a finding that comes as municipalities scramble to control vacation rentals.

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