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