Addendum 1

* Vancouver B.C: growing population
* construction of new affordable apartments not economically viable
* increased competition for available apartments
* Vancouver real estate so expensive that only profitable approach to new rental units is towers w. hundreds of $million+ units
* meanwhile empty/vacant apartments/condos: offshore wealth shelters
* private equity exacerbates already dire availability/affordability situation

#AffordableHousing #capitalism #corporations #profiteering

Addendum 2

Impact of Short-term Rentals on Canadian Housing
Using data collection & analysis to investigate effects of short-term rentals
https://www.cmhc-schl.gc.ca/en/nhs/nhs-project-profiles/2020-nhs-projects/impact-short-term-rentals-canadian-housing

* short-term rental services such as Airbnb disrupted housing markets across Canada, around the world
* popularity led to apartments & houses converted f. traditional long-term housing rentals into STR

#AffordableHousing #Airbnb #neoliberalism #capitalism #profiteering #corporations #DefundCorporations #PrivateEquity #homelessness