More Canadians turn to short-term rentals to earn extra cash, maintain properties

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More Canadians turn to short-term rentals to earn extra cash, maintain properties
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'The main attraction for us is just having people there. That's the main value.'

This winter, he put his 150-year-old downtown Toronto house on the short-term rental booking website Airbnb.

Hosts are motivated by different reasons, including the extra security of having people on the property when they're away. The rising cost of living is contributing to a new wave of Canadians renting out their homes or cottages for the first time, according to Airbnb. "I didn’t intend for it to be my full-time income, but it has and I am so grateful as I sustained brain injury along the journey so being able to run my own business has been a lifesaver," she said, noting that she now earns enough from her rental to replace the income she earned from a full-time job.

In other cases, mortgage or lease restrictions may prohibit someone from subletting or being a short-term rental host.

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PGCitizen /  🏆 65. in CA

France Dernières Nouvelles, France Actualités

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