Skift Take

Canada’s curbs on short-term rentals Palm Beach’s pricey properties Property tax hikes in Utah

Srividya Kalyanaraman

Happy Thanksgiving, folks! I know you’d rather carve a turkey than open your inbox, so we will keep this brief.

On the menu today:

Canada’s curbs on short-term rentals Palm Beach’s pricey properties Property tax hikes in Utah  Canada Curbs

Canada has implemented new tax measures to address a severe shortage of rental housing. 

How? By taking away income tax deductions of companies like Airbnb, Vrbo, and others. 

The new rules, effective January 1, will apply in provinces and municipalities that prohibit short-term rentals and impact deductions such as interest expenses. 

Airbnb, for its part, disputes this claim, stating that listings in Toronto and Montreal have decreased since