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UQO Working Paper No. 5 — Airbnb, residential rents and housing market pressure.

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1\begin{tabular}{lcccc}2\toprule3 & (1) Montreal & (2) Outside Mtl & (3) Apartments & (4) Houses \\4\midrule5Airbnb count (500m) & 0.003865*** & 0.003046* & 0.003860*** & 0.006699*** \\6 & (0.000226) & (0.001580) & (0.000226) & (0.001995) \\7\midrule8N & 4,578 & 3,347 & 7,136 & 789 \\9$R^2$ & 0.4587 & 0.6959 & 0.5046 & 0.6403 \\10City FE & Yes & Yes & Yes & Yes \\11\bottomrule12\end{tabular}13\begin{tablenotes}\small14\item \textit{Notes:} Robust standard errors (HC1) in parentheses. * $p<0.10$, ** $p<0.05$, *** $p<0.01$. All specifications include city fixed effects, bedrooms, and bathrooms as controls.15\end{tablenotes}16