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Are short-term rentals really driving up housing prices?

Author
Newstalk ZB,
Publish Date
Tue, 23 Jul 2024, 9:12am
Photo/Getty
Photo/Getty

Are short-term rentals really driving up housing prices?

Author
Newstalk ZB,
Publish Date
Tue, 23 Jul 2024, 9:12am

The public's view of the impact of short-term rentals on the housing market could be about to change. 

New Infometrics data shows rental companies like Airbnb don't affect the housing market as much as population growth and interest rates. 

Short term rentals have often been singled out as contributing to housing and rental affordability challenges. 

Chief executive and principal economist Brad Olsen says fundamentally the market suffers from a lack of supply. 

He says the influence of short-term rentals isn't as large as it's made out to be. 

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