New regulations for short-term rentals in Vancouver, British Columbia, are designed to return units to the rental market.
"The city [of Vancouver] says its new regulations for short-term rental listings have resulted in more than 2,400 Airbnb listings being deactivated and 660 more being removed voluntarily or switched to long-term rentals," reports Jen St. Denis.
Despite the large effect of the new regulations, St. Denis reports there will still be a lot of enforcement jobs ahead, especially with people who misuse their business licenses or skirt other rules.
"The new rules adopted by the city this spring require people who post properties for less than 30 days on Airbnb or other sites to have a city business licence," according to St. Denis. "The property must also be the primary residence of the person posting it. Renters are supposed to have permission from the property owner, and condo owners need to make sure short-term rentals are allowed."
Read the full story: Over 2,400 Airbnb listings disappear as Vancouver enforces new rules
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