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Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb. [1]
They convert older apartments to condos or higher rental units, and housing experts evaluate success of their business model is based on eliminating affordable rental housing. In its 2016 second quarter report Canada Mortgage and Housing Corporation warned housing prices are overvalued in 9 Canadian markets, with Vancouver at high risk.
Single-room occupancy (SRO) is a type of low-cost housing typically aimed at residents with low or minimal incomes, or single adults who like a minimalist lifestyle, who rent small, furnished single rooms with a bed, chair, and sometimes a small desk. [1]
The frozen housing market shows few signs of thawing as 2025 begins New year, same old real estate market: The high mortgage rates, scarce inventory and dismal affordability that have plagued ...
A vacation rental is the renting out of a furnished apartment, house, or professionally managed resort-condominium complex on a temporary basis to tourists as an alternative to a hotel. The term vacation rental is mainly used in the US.
Gary Chang, an architect in Hong Kong, has designed a large 32-square-metre (344 sq ft) microapartment with sliding walls attached to tracks on the ceiling.By moving the walls around, and using built-in folding furniture and worktops, he can convert the space into 24 different rooms, including a kitchen, library, laundry room, dining room, bar and video-game room.
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