Considering the housing crisis, why haven’t we considered banning short term rentals?

I feel like this has to be a no brainer? If you take a look at Airbnb there are hundreds of residential listings that could be homes for Calgarians. There are currently over 4,000 licensed short term rentals in the city.

Prior to covid I worked in the hotel industry and the hotels in Calgary have had low occupancy for years. I’d imagine this would help increase occupancy for the hotel industry as well.

There have been several Canadian cities that have banned short term rentals, and I feel like we’re at the point where this should at least be considered. Curious to know others opinions!