Vancouver Mayor Gregor Robertson says a new proposal that would require people to get a licence for Airbnb and other short-term rentals could put up to 1,000 homes back into the long-term rental pool.
That’s because short-term rentals of less than 30 days would only be legal in homes that are principal residences, Robertson revealed Wednesday at city hall.
“Housing is first and foremost for homes, not operating a business,” said Robertson.
“Both the city’s research and broad public input tells us we can have short-term rentals in Vancouver to help supplement income, while ensuring long-term rents are back in the rental market.”
The proposal comes the week after Robertson revealed a proposal to tax empty or vacant homes that are not principal residences, with the aim of getting empty investment properties back in the rental pool.