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Vancouver puts new restrictions on vacation lets

Profile Photo By: Carsten Hennig
July 6, 2017

Vancouver puts new restrictions on vacation lets

Vancouver, Canada – 6 July 2017 –
Vancouver has introduced new restrictions on Airbnb, Expedia’s HomeAway unit and other short-term rental operators as Canada’s priciest housing market seeks to ease its near-zero supply of homes to let.

“Housing is first and foremost for homes, not to be operated as a business,” Mayor Gregor Robertson told reporters.

Under the new rules, residents will only be able to rent principal residences and will be required to obtain a business license and pay as much as a 3 percent tax on stays. RentalsRead More

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