(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

VIDEO: Scouts in Langley learn how to communicate during emergencies

Weekend event at Camp McLean part of worldwide Jamboree On The Air and Jamboree On The Internet

Halloween on horseback

Langley riders club celebrates the season

ELECTION 18: Langley Township, you chose Jack Froese for mayor

Township voters went with a familiar face, handing incumbent a third term as mayor

Mayoral results from across B.C.

Voters in 162 municipalities in B.C. set to elect mayor, council, school board and more

Tommy Chong says cannabis legalization makes him proud to be a Canadian

Legendary marijuana advocate and comedian celebrates cultural milestone at Kelowna event

Fraser Valley man dead after head on crash in Okanagan

Accident occurred at about 7:35 a.m.

Newly-elected Lower Mainland mayor won’t drink his city’s tap water

White Rock’s Darryl Walker is concerned about its quality

Kennedy Stewart challenged with building bridges as mayor of Vancouver: expert

The former NDP MP, who ran as an Independent, will lead 10 councillors divided across four parties

B.C. Youtuber to seal himself ‘in a jar’ to demonstrate impacts of climate change

Kurtis Baute wants to see how long he can last in a 1,000 cubic foot, air-tight greenhouse

One of Taiwan’s fastest trains derails, killing at least 18

The train was carrying more than 360 people

Scheer marks one-year countdown to federal election with campaign-style speech

Conservative Leader insists that it will be Justin Trudeau who ‘makes it personal’

Canada Post union announces rotating strikes in four Canadian cities

Mail will still be delivered but it will be delayed

Vancouver drag queens receive royal treatment during Kootenay Pride

Vancouver drag queens discuss the importance of Pride and growing acceptance of LGBTQ community

Most Read