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COVID-19 is putting a dent in many short-term rental markets
Since the pandemic officially began in March, many short-term rental operators have been forced to think on their feet. Some have moved to list their properties as long-term rentals, while others have sold their homes altogether and cut their losses.
In Toronto, Canada’s most visited city, bookings are down dramatically, but in Ontario’s Prince Edward County — just three hours away — bookings are actually up since April. That’s good news for tourism but worrying for some residents now having trouble finding places to live year round.
Watch | How the pandemic is impacting short-term rentals in communities small and large:
The COVID-19 pandemic has created a lot more empty short-term rentals in Toronto, while three hours away in Prince Edward County bookings are on the rise and both scenarios are creating challenges for tenants looking for somewhere to live long term. 4:54
Donations to health charities are way down
Some of the country’s biggest charities are hurting this year, as lucrative in-person events like Run for the Cure are cancelled due to the pandemic, and online alternatives fail to bring in the same kind of money.
The Health Charities Coalition of Canada says revenues have fallen more than 50 per cent this year, leading to delays in disease research and less support for people in need. Read more about why donations have fallen.
Strapped for cash? Here’s how to uncover unclaimed money that may belong to you
Strapped for cash due to the economic slowdown? You might have unclaimed money from your past that could help pay the bill