Planning to rent a car, house or pool through an app? Here's what you should know
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Experts say the flexibility offered by popular peer-to-peer marketplace apps comes with risks.
The high cost of living is just one reason more Canadians are finding ways to make extra money on the side. A 2024 Statistics Canada study found nearly 900,000 Canadians are even making it their full-time job.
But experts say the flexibility offered by popular peer-to-peer marketplace apps comes with risks.
Calgary resident Michael DeJesus rents out his basement, trailer and even his hot tub.
“I just like working with people and having different income streams is pretty good, especially in this economy,” he said.
DeJesus says doing business on multiple platforms could come with risks, which is why he says he vets his renters and interacts with them while they're on site.
“I have the power to decide who comes into my property or not,” he said. “I also have a camera in the front to show which car they’re driving or who is coming in and out.”
Daniel Tsai, an Adjunct Professor of Law, Business and Technology at the University of Toronto, called peer-to-peer rental a “buyer beware” situation.
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