canada airbnb bailout

Canada won't be bailing out Airbnb because of COVID-19

Canada is saying "no" to the bailout of Airbnb hosts.

The California-based company asked the Canadian government to provide handouts for "regular Canadians who share their homes to earn extra income."

And in what might be the most savage and pointed response in Canada's history, Parliamentary Secretary for Housing Adam Vaughan delivered the verdict in a one word Tweet.

Airbnb requested a number of economic supports from the federal government, including tax relief for hosts and federal funding to promote travel post-pandemic.

The company said that it stood "willing to work with all levels of government" to tackle the COVID-19 pandemic.

And while Canada's response to Airbnb's request is important, Vaughan's metaphorical mic drop really stole the show.

Vaughan did eventually clarify his position, saying, "I believe we need to operate from the principle that the best way to support the economy is to support people."

"Trickle down won't work."

The Canadian government has already announced support for other sectors that have been hit hard by the COVID-19 outbreak, including the aviation industry.

Airbnb, it seems, won't be as fortunate.

Lead photo by

Grid Engine


Join the conversation Load comments

Latest in Real Estate

Home prices in Canada expected to drop in 2021 due to COVID-19

This $1.4 million home in Alberta looks like it belongs to the hobbits of Lord of the Rings

This apartment in Canada has a glass bottom pool suspended 20 floors high in the sky

The shortest international bridge in the world connects a Canadian to his backyard in NY

This house in Canada takes up an entire island

This is what the future of luxury homes in Canada looks like

This is what a $1 million house in Canada looks like

The last remaining Trump Hotel in Canada is closing