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How COVID-19 is affecting short-term rentals: CBC’s Marketplace Cheat Sheet | CBC News

Byindianadmin

Jul 19, 2020
How COVID-19 is affecting short-term rentals: CBC’s Marketplace Cheat Sheet | CBC News

With COVID-19 limiting travel, staycations are all the rage. While short-term bookings are up in some smaller communities, they’re down in cities like Toronto. (Stu Mills/CBC)

Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need.

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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.

Events like the annual Run for the Cure in support of the Canadian Cancer Society bring out thousands of participants in cities across country, like this one last year in Vancouver. Such fundraisers have switched to virtual events this year because of physical distancing requirements. (CBC)

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