As Canada continues to struggle with a housing crisis, the federal government has introduced a slew of new measures in the fall economic statement to support municipal efforts to crack down on short-term rentals and free up long-term housing.

“These are not spare bedrooms in someone’s home—they are entire houses and apartments that are being used for tourists to rent—in many cases, only for a few days a week,” reads the statement, released Nov 21. “Canada needs more long-term housing for Canadians to live in, and the federal government is taking action to crack down on these short-term rentals which are keeping homes for Canadians off the market.”

A lack of available housing and rising rental costs have become a focus of politicians from all political parties in 2023. Immigration is poised to put even more pressure on the housing market, with Canada intending to take in 465,000 new permanent residents this year, 485,000 in 2024, and 500,000 in 2025.

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