Report: Montréal seasonal short-term rental ban risks millions in tourism revenue
Summary
Montréal's seasonal ban on short-term rentals is projected to cause a shortfall of over 26,000 accommodation nights during major events like the Formula 1 Canadian Grand Prix and the UCI World Cycling Championships in 2026. This could cost the city over $19 million in lost revenue. Airbnb urges the city to end the ban and streamline permitting to support local businesses and the tourism sector.
Key Insights
- •The report estimates that Montréal could lose over $19 million in visitor spending due to the lodging shortage during the two major events.
- •The seasonal ban on short-term rentals in Montréal is projected to result in a shortfall of over 26,000 accommodation nights during the 2026 Formula 1 Canadian Grand Prix and the UCI World Cycling Championships.
- •Hotel rates during the 2025 Formula 1 Canadian Grand Prix reached an average of $892 on race Saturday, a 167 percent increase over typical high-season weekends.
Action Items
- ✓Hosts in Montréal should advocate for ending the seasonal ban and streamlining the permitting process to support year-round hosting.Effort: lowImpact: medium
Tools & Resources
- →Raymond Chabot Grant Thornton (RCGT): The analysis was conducted by Raymond Chabot Grant Thornton (RCGT).
Common Mistakes
- ⚠The City of Montréal's current seasonal ban on short-term rentals restricts the city's flexibility during peak demand periods.
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