Generally speaking, I consider myself to be open to entrepreneurship and capitalism. I believe in open markets. At the same time, the rules need to be fair for all of us, and benefit as many of us as possible.
So, I’ve always had a problem with Airbnbs where they compete with commercial alternatives who pay commercial property and income taxes, like hotels do.
I also don’t understand how a property that is zoned residential can be used for commercial purposes. How is that fair to neighbours, ratepayers, and legitimate competing businesses?
I think restricting Airbnbs makes a lot of sense in areas where we have housing shortages.
I support the latest federal tax initiative to block people from deducting expenses on short-term rentals in areas where those services are already limited by other levels of government.
Another idea proposed by Housing Minister Sean Fraser is to make existing properties tied up on short-term rental platforms available to prospective long-term renters and buyers.
Another way to reduce Airbnbs might be for the Province of Ontario to make it more attractive for landlords to rent under the Residential Tenancies Act.
What are your thoughts? Comment below!
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