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 across Canada expected to fall through the summer and beyond

Half of all Canadians will be looking for cheaper housing because of the pandemic

This is the state of the real estate market in cities across Canada

Apartment rent prices keep dropping in many Canadian cities

Here's what it costs to rent a home in cities across Canada months into the pandemic

This triangle shaped condo will soon be Canada's tallest hybrid timbre structure

Here's where home prices have dropped the most in Canada so far during the pandemic

Housing prices in Canada could decline as much as 18% in the next year