More Ontario rental-housing landlords are looking to take their properties off the long-term market and list them as short-term rentals to avoid difficulties with tenants and debt repayments, says a new report from BNN Bloomberg.

The moves would allow landlords to avoid long waits for provincial landlord-tenant board hearings in cases where tenants can’t play their rents, gain more profit through higher rents and reduce mortgage costs amid high interest rates, Davelle Morrison, a broker with Toronto-based Bosley Real Estate told BNN Bloomberg.

Morrison, also president and chair of the Licensed Short-Term Accommodators of Prince Edward County, said more long-term-rental property landlords are looking to switch to short-term leases that can be found on websites such as Airbnb Inc. and Vrbo, depending on the licenses and jurisdictions in which the properties are located.

Ontario landlords’ interest in more STR activity comes as Canadian housing regulators are looking to crack down on them. The B.C. government plans to introduce new STR rules this fall.

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