(File photo)

Vancouver’s short-term rental listings drop by half after new rules introduced

There are 3,742 active Vancouver listings on sites like Airbnb, compared with about 6,600 in April, when the regulations were introduced, the city said Wednesday.

The City of Vancouver says the number of short-term rentals listed online has dropped by almost half since new rules came into effect requiring operators to have a business licence.

There are 3,742 active Vancouver listings on sites like Airbnb, compared with about 6,600 in April, when the regulations were introduced, the city said Wednesday.

Kaye Krishna, the city’s general manager of development, buildings and licensing, called the early results of the efforts to regulate short-term rentals “very promising.”

“As we move forward with continued public education and increased enforcement we expect to see the short-term rental market stabilize,” Krishna said in a statement.

As of Sept. 1, operators must have a business licence, which costs $49 annually, and must include the licence number in their listing. Operators can only advertise their main residence and must have permission from their landlord or condo board, or they could face fines of up to $1,000 a day on each platform where the rental is advertised.

The city says it has one of the highest initial compliance rates by any major city globally, with 2,640 short-term licences issued, representing about 70 per cent of existing listings.

When the new rules were announced earlier this year, Mayor Gregor Robertson said they were intended to protect and free up rental housing in response to a critically low vacancy rate.

Most of the listings taken off the market were the result of an agreement the city signed with Airbnb. The online platform has deactivated 2,482 Vancouver listings that did not include a business licences.

The agreement also means long-term rental operators can no longer accept rentals of less than 30 days. In addition to the unlicensed listings removed by Airbnb, more than 660 listing were removed or converted to long-term rentals by individuals in response to the new rules, the city said.

Related: Airbnb to collect provincial sales tax in B.C.

Related: B.C. moves to crack down on short-term condo rentals

Expedia, which is the second-largest platform in Vancouver, has also agreed to add a field where business licence numbers can be added to their online listings on VRBO.

After introducing new rules in April, the city allowed a registration window for operators to comply through Aug. 31, and also began enforcement for unsafe dwellings and commercial operations that would clearly not meet the new regulations.

It has investigated more than 2,650 listings and says that since Sept. 1, 294 new addresses have been flagged for non-compliance and are subject to enforcement.

“The short-term rental program will continue to strengthen as the city expands its data sources and ongoing dialogue with multiple partners,” the city said in a statement.

Residents are encouraged to continue to report suspected illegal short-term rentals.

Jens von Bergmann, principal at MountainMath Software and Analytics, said Airbnb’s agreement to share data with the city such as the address and business licence for a listing represents a new model for Canada.

But there are still some operators bending the rules on the platform, based his own analysis of the data, von Bergmann said.

In one case, a business licence has been used for multiple properties, he said. In another, an operator appears to falsely present their listing as a hotel or other commercial enterprise that would be exempt from this type of business licence.

But Bergmann said he sees the city’s initial results as positive.

“It looks encouraging. I think the real test is, will those listings that are right now clearly non-compliant disappear?”

“The other test will be how many fines are actually levied.”

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Ponoka’s ag society board under scrutiny during AGM

About 80 people attended the society’s AGM, which saw three directors replaced

Ponoka teen pedestrian suffers injuries after pickup collision

A pickup struck a teen on residential streets in Ponoka

UPDATED: Calgary Police receive multiple bomb threats

Similar threats received across Canada and the United States

PHOTOS: Battle of Ponoka basketball action

The first ever senior high basketball league game for both Ponoka high schools was high energy

Guards injured, money stolen during overnight blast at Edmonton bank

Alberta Health Services said the injuries to the male guard were serious

Trudeau to make it harder for future PM to reverse Senate reforms

Of the 105 current senators, 54 are now independents who have banded together in Independent Senators’ Group

Canadians spent almost $64,000 on goods and services in 2017

Households in B.C. each spent $71,001 with housing costs contributing to higher average

Speaker at rally says Alberta oil ‘puts tofu on the table in Toronto!’

RCMP estimated more than 1,500 people attended the rally in Grande Prairie

White House closer to partial shutdown with wall demand

Without a resolution, parts of the federal government will shut down at midnight on Friday, Dec. 21

Trudeau lashes out at Conservatives over migration “misinformation”

Warning against the “dangers of populism,” Trudeau says using immigration as a wedge political issue puts Canada’s future at risk.

B.C. hockey coach creates ‘gear library’ to remove cost barrier of sport

Todd Hickling gathered donations and used gear to remove the cost barrier for kids to play hockey.

Canada’s ambassador meets with second detainee in China

Global Affairs says John McCallum, Canada’s ambassador to China, met with Spavor Sunday

‘They’re coming:’ Flying cars may appear in urban skies by 2023

Air taxis will number 15,000 and become a global market worth $32 billion by 2035

Yellow Vests protestors take to Red Deer streets

Trudeau government’s immigration and oil industry policies denounced at rally

Most Read