New short term rental rules for Vancouver Airbnb

[easy-social-share buttons="facebook,twitter,google,pinterest,linkedin" counters=0 style="button"]

City of Vancouver implements new restrictions on Airbnb

BC Housing News |  BCHN.com

By:  Alisha Ilaender

Those who use the services of Airbnb will now be compliant with the short-term rental rules enforced by the city.

Existing Airbnb hosts will have to prove by August 31st that they have a business license in order to rent out their homes, though new Airbnb host that wish to start renting their homes will be charges a $49 fee.

This agreement is to help ensure the city’s housing stock goes towards the local community, as opposed to people who are visiting the city or tourist who would stay in corporate hotels. This will be “the first of its kind agreement in Canada” said Mayor Gregor Robertson.

 

New restrictions are set to come into effect April 16 2018

 

Licenses which will be starting April 16th will not be granted to persons with a secondary suite or an investment property, and those who are caught breaking the rules will be fined $1,000 a day penalty. Persons who will be granted the license are those renting out their primary residence.

Like anything else, some people will look for ways around the laws of the city. On Craigslist, there are ad’s posted for discounted rates on renting if the persons are willing to be untruthful and lie to the city. These kind of postings are being reported and will be deleted as they are found.

Airbnb will be reporting to the city ever quarter with a list of licensed vendors and their addresses. These reports will be reviewed by four city staff members who will be in charge of finding illegal operations. These reports will also be used to grant permissions to new and even existing Airbnb hosts.

 

Similar platforms such as Home Away and VRBO will be working corresponding style dealings with the City of Vancouver in the future. The new platforms will give the tools to the City and to the Local population of Vancouver to make home sharing easier an safer. Airbnb is proud to be the first to partner with the City on this style of agreement.

✐ LEAVE A COMMENT

✎SUBSCRIBE TO BCHN

BCHN.com - BC Housing News Ltd. is Metro Vancouver's source for industry news that educate, inform, empower and unite real estate professionals and consumers.

Bylaws To Watch For When Purchasing a Condo in BC

BC Housing News |  BCHN.com By:  Alisha Ilaender Bylaws To Watch For When Purchasing a Condo in BC The doctrine…

Apartment sales reach all-time high in June – PDF Report

SURREY, BC – While overall market activity slowed slightly in June, apartment sales reached record-breaking levels at 683 transactions for…

Abbotsford homeless village concept still alive, organizers say

Proposal to build 40 small cabins for homeless men and women still before city Tyler Olsen Thu Apr 27th, 2017…

Protected: Private: WestBrew (Monkey Business Brewery) NDA & Non-Compete Agreement – Sign Online

This content is password protected. To view it please enter your password below: Password: