Short-term rentals hurting BC renters

  • Page Views 3265
  • Airbnb is a website for people to list, find, and rent lodging indifferent cities all over the world. Their objective, called homesharing, is to make stay in a city more affordable for those who wish to visit them, especially during peak seasons when events happen in that city. Airbnb has been in business since 2008, but the sudden spike of renters in Vancouver, as well as unit purchases in different condominiums by unlicensed brokers and investors, is hurting BC renters and those who actually need long-term housing.

    A number of renters in BC have been evicted by their landlords over Airbnb, and one landlord even found her unit being rented out by her renters on Airbnb without her knowing it.

    Airbnb Canada insists most people who post listings on their site are occasional hosts who use the service to help make ends meet, despite some critics’ concerns about the site’s effect on long-term housing stock. The average Canadian on Airbnb rents out their place for four to five nights every month, earning about $4,000 to $5,000 a year.

    Aaron Zifkin, country manager of Airbnb in Canada say that for most people, listing a place on Airbnb is not a commercial activity.

    “These are people who are renting out their homes or a room in their homes on an occasional basis.”

    Some studies suggest there are up to 4,000 Airbnb listings in Vancouver, many of which are for entire properties.

    Vancouver city councillor Geoff Meggs is calling for better regulation of Airbnb, including possible licensing, due to concerns that listings are cutting into Vancouver’s already low housing stock. Zifkin says Airbnb is aware of the challenges Vancouver faces, and will work with cities to update their regulations to reflect current technology.

    “We’re committed to working with cities to create sensible regulations that are really simple and clear to understand so that people can take on this occasional activity and understand what their obligations are.”

     

    By Rosette Corea

    Share

    New Posts Recently publish post More

    • 10 November 2022
      3 weeks ago No comment

      Golden Gift Society receives donation, accepts new members

      A Metro-Vancouver nonprofit dedicated to helping the less fortunate continues to touch the lives of many. More people are going to benefit from the work of the Golden Gift From The Heart For People In Need Society as it recently accepted a generous donation and grew its ranks with ...

    • 06 October 2022
      2 months ago No comment

      Filipinos run in October 15 municipal elections

      At least 10 Filipinos are running in the October 15 municipal elections in B.C. The candidates are vying for posts in council and school board in different cities across the Greater Vancouver region. The most prominent of the candidates are Maita Santiago, who is running for council in Burnaby, ...

    • 22 September 2022
      2 months ago No comment

      Vhong Navarro under NBI custody for rape charge

      Metro Manila — TV host and actor Vhong Navarro remains under the custody of the National Bureau of Investigation (NBI) as of Tuesday, a day after he was slapped with two arrest warrants over complaints filed by model-stylist Deniece Cornejo in 2014. Navarro’s camp has yet to file a motion ...

    • 22 September 2022
      2 months ago No comment

      Meet and greet with Jinny, Ramon and Surrey Forward

      The Surrey Forward party is ready to serve the city and its residents. Surrey Forward is fielding Jinny Sims as mayoral candidate in the October 15, 2022 local election, and the party also has seven candidates for council. One of these candidates is Filipino Canadian financial professional Ramon Bandong. ...

    • Queen-Elizabeth-King-Charles-2022
      15 September 2022
      2 months ago No comment

      Farewell Queen Elizabeth, Long live King Charles!

      The world is mourning the death of Queen Elizabeth II, U.K.’s longest-serving monarch, who died on September 8 at the age of 96. Queen Elizabeth, whose reign spanned 70 years, was succeeded to the throne by her eldest son Charles, who has been proclaimed as King Charles III. The ...

    %d bloggers like this: