HOUSING SHORTAGES

62% of Hotels Canada members cite lack of affordable housing as the number one barrier to hiring. Hotels Canada is working optimize existing housing stock and fostering new unit creation. Unchecked short-term rental growth in Canada’s biggest cities is a major contributor to the housing crisis.

Optimizing Existing Housing Stock

ILLEGAL SHORT-TERM RENTALS & THE FINANCIALIZATION OF HOUSING

Nearly half of Airbnb revenue—48%—flows to commercial operators or multi-unit hosts, exacerbating housing shortages and driving up rents.

Currently, there are over 285,000 short-term rental listings in Canada, removing much-needed housing stock for Canadians.

Best Practices

ENFORCEMENT OF SHORT-TERM RENTALS REGULATION

Hotels Canada collaborated with municipalities nationwide to develop a framework for effective regulations.

Regulations are only effective when they are enforced. The government’s $50 million short-term rental enforcement fund will be critical to supporting municipalities that are serious about cracking down on illegal short-term rentals.

Regulatory Framework

HOTELS AS PART OF THE HOUSING SOLUTION

Hoteliers are already an integral part of the housing solution, supporting more balanced and sustainable communities.

RESOURCES

Breaking down complex issues and key data into industry resources you can use to support workforce, housing and other hospitality needs.

Brief for the Study on Housing Starts in Relation to Federal Programs in Canada

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Brief for the study of Bill C-20, an act respecting the establishment of Build Canada Homes

This brief seeks to highlight the importance of private partnerships in the establishment of Build Canada Homes (BCH). Hotels Canada supports Build Canada Homesʼ objective to attract private capital to build the homes that Canadians need. To maximize impact, BCH should expand its partnership beyond traditional housing developers and actively engage other developers, such as hoteliers, who are well positioned to contribute to affordable and market-rate housing supply. In establishing this new agency, BCH should also revisit elements of its foundational framework that limit private sector participation.

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