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Airbnb offers $1K to Toronto World Cup landlords. Will it shift the rental market?

Some in Toronto are concerned about the effects the policy could have on an already-expensive rental market for the residents left behind when soccer's biggest tournament moves on.

·ottown·2 min read
Airbnb offers $1K to Toronto World Cup landlords. Will it shift the rental market?
Photo by Paresh Patil on Pexels
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Ottawa's foreign policy community is tracking Some in Toronto are concerned about the effects the policy could have on an already-expensive rental market for the residents left behind when soccer's biggest tournament moves on.

What's Happening

Some in Toronto are concerned about the effects the policy could have on an already-expensive rental market for the residents left behind when soccer's biggest tournament moves on.

Canada's Position

Canada, including Ottawa's diplomatic and political community, continues to monitor the international situation. The Department of Foreign Affairs, Trade and Development (Global Affairs Canada), headquartered in Ottawa's Lester B. Pearson Building, plays a central role in shaping Canada's response to global developments like this one.

Ottawa-based think tanks, academics at the University of Ottawa, and National Capital Region policy experts have been vocal about what Canada's approach should be, and how it fits into the broader picture of our alliances and interests.

Background

Airbnb offers $1K to Toronto World Cup landlords. Will it shift the rental market?. Some in Toronto are concerned about the effects the policy could have on an already-expensive rental market for the residents left behind when soccer's biggest tournament moves on.

Canada's response to international developments like this one reflects our values as a country, and Ottawa, as the seat of federal power, is where those decisions get made. We'll continue to follow this story as it develops.

Source: Global News

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