Thousands of Vancouver landlords moving from Airbnb-type rentals to long-term tenants
Vancouver's annual report on its regulation of short-term rentals, such as Airbnb, shows thousands of landlords have moved to long-term rentals.
The city brought in regulations on short-term rentals in 2018 in an effort to boost long-term rental stock in Vancouver.
The report says the city issued over 12,500 business licences for long-term rentals in 2020, an additional 297 from the year before.
The report says despite COVID-19 and the plunge in short-term rental activity last year, there was continued use of such rentals, indicating the accommodations will be an integral part of the city in future.
One more COVID-19 update for B.C. will be released this week as health officials will share details on the latest positive tests in the afternoon.
Planning yard work? BC Hydro warns of safety concerns as electrical contact incidents rise amid pandemicA new report from BC Hydro says a concerning trend is emerging as British Columbians seek relief from COVID-19 restrictions by sprucing up the yards around their homes.
Health officials have added more than a dozen neighbourhoods across B.C.'s Lower Mainland to the list of high-transmission areas where residents age 30 and up are eligible to receive a COVID-19 vaccine.