Mon­treal bor­ough lim­its Airbnb

Times Colonist - - Business -

MON­TREAL — A Mon­treal bor­ough is bring­ing in new rules aimed at lim­it­ing the num­ber of short-term rentals in the city’s down­town core. Coun­cil­lors in the Ville-Marie bor­ough voted in sup­port of a new mo­tion on Tues­day evening to re­strict pri­vate tourist rentals such as those of­fered on Airbnb. The rules will limit new rentals to a 3.3-kilo­me­tre-long stretch sur­round­ing one of the city’s busiest com­mer­cial streets and will pre­vent new rentals from open­ing within 150 me­tres of each other. The city said the by­law is de­signed to pre­vent fric­tions be­tween tourists and long-term res­i­dents. Many Cana­dian cities are also grap­pling with how to reg­u­late short-term rentals amid con­cerns they con­trib­ute to hous­ing un­af­ford­abil­ity and take longterm rentals off the mar­ket.

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