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Canada introduces tax measures to ease housing shortage
Reading Time: 2 minutesCanada: Lawmakers in Canada have agreed to impose new measures that limit income tax deductions on short-term rentals booked through platforms such as Airbnb and Vrbo, in a bid to ease the country’s affordable housing shortage.
Airbnb listings reach record 6.1 million
Reading Time: < 1 minuteWorldwide: Recent data from AirDNA reveals that 54 per cent of global Airbnb listings have been added since 2020, leading to record levels of active listings. In September 2022, global listings on Airbnb reached 6.1 million. Overall in Q3, listings increased 22 per cent compared to 2019 with a shift away from urban centres towards […]
Andes STR raises $1m in seed funding for Orlando expansion
Reading Time: 2 minutesChile / US: Texas-based short-term rental property management company Andes STR has raised $1 million in seed funding from Chilean investment firm Weg Capital to accelerate its expansion plans in the United States. The proptech startup, which offers personalised property management services to real estate investors looking to earn higher income from their investment properties, […]
HiBnb raises CAD $500k in pre-seed funding
Reading Time: 2 minutesCanada: Toronto-based startup HiBnb, which specialises in helping travellers find cannabis-friendly accommodations, has raised CAD $500,000 [USD $393,000] in pre-seed funding to continue its expansion across North America. The platform provides advanced search features, allowing guests to filter down their searches based on accessories, such as rolling stations or tabletop vaporisers, and smoking rules e.g. anywhere […]
Vrbo exits Toronto rental market following new crackdown
Reading Time: < 1 minuteCanada: Vacation rental marketplace Vrbo has announced that it is exiting the Toronto market due to the city’s recent crackdown on short-term rentals. The online travel agency listed more than 300 houses, condos, apartments and studios in the city prior to the enforcement of stricter rules on short-term rentals, which came into force on 1 January. […]
Sonder adds properties in largest three Canadian cities
Reading Time: 2 minutesCanada: Tech-enabled hospitality company Sonder has announced its expansion to Canada’s three largest cities: Vancouver, Montreal and Toronto. Sonder will open 66 suites in Vancouver, as well as added more than 100 in Toronto the Guerin Lofts in Montreal. Sonder’s expansion is buoyed by a strong performance in spite of the Covid-19 pandemic. Many of […]
Toronto to usher in series of short-term rental reforms
Reading Time: 3 minutesCanada: Toronto is to introduce a new set of short-term rental reforms, which will affect hosts and operators listing their properties on online travel agencies such as Airbnb, Booking.com and Expedia in the city. Effective from 10 September 2020, the OTAs will be required to obtain a specific licence to be able to continue operating […]
Airbnb clamps down on u-25 whole house rentals in United States
Reading Time: 2 minutesUS: In an attempt to further crack down on party houses, Airbnb has expanded the reaches of a policy limiting what under-25s can book in the United States, when it comes to whole house rentals. Under the new policy, Americans under the age of 25 with poor host reviews cannot book full properties in their […]
Paris and Toronto at odds with Airbnb IOC / IPC partnership
Reading Time: 3 minutesWorldwide: Hoteliers in the cities of Paris and Toronto have expressed dismay at Airbnb’s recent global partnership with the Olympic and Paralympic federations, with the former now calling for a referendum on short-term rentals in the city. Following the partnership announcement this week, French hoteliers have suspended their collaboration with the 2024 Games in Paris […]
Dublin Airbnb hosts face proposed regulations to cut down on short-term lets
Reading Time: 2 minutesIreland: Property management companies are listing short-term rental properties based in Dublin on leasing websites before regulations targeting Airbnb come into effect. The move to list properties on sites such as Booking.com and Expedia follows on from a similar effort by property owners in other cities, including London and Toronto. The planned regulation of Dublin’s […]