September 18, 2016
Vancouver is finalizing recommendations for its second major housing irritant – short-term rentals – which will likely restrict them to people renting out their own homes and with some kind of yearly cap on nights allowed. The staff report on that topic, due out in less than two weeks, comes on the heels of Mayor Gregor Robertson’s announcement last week that the city is putting the wheels in motion on an empty-home tax, as a way of making housing more available to be rented to locals. The goal is the same for the coming regulations for short-term rentals, apartments and houses that are rented out through Airbnb, VRBO, HomeAway and other platforms, as Vancouver struggles with extreme housing shortages and rising rents….