VRMA Administrator
More Canadians are wading into the short-term rental market, with a notable rise in new listings last year, according to Airbnb. Hosts are motivated by different reasons, including the opportunity to earn extra income amid the climbing cost of living. “With the rising cost of living and inflation, more and more Canadians are looking to become Airbnb hosts for the first time, and that comes as more and more travelers are looking to travel affordably,” Airbnb spokesperson Matt McNama said. The typical host in Canada earned about C$7,700 last summer and more than C$12,000 throughout the year, the company said.
Toronto Globe and Mail (07/06/23) Brett Bundale
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