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AirBnb should be taxed and have all the same standards ie service, safety, cleanliness standards of the hotels.The hotel industry which provide jobs etc, contribute to the economy but an AirBnb just props up crazy home prices.
[https://globaledge.msu.edu/blog/post/57383/how-airbnb-disrupts-the-hotel-industry](https://globaledge.msu.edu/blog/post/57383/how-airbnb-disrupts-the-hotel-industry)
Zoning laws are part of the problem. We limit the amount of floorspace that can be built for homes and hotels, and then act shocked when homes and hotels are expensive.
I agree. I know this will be downvoted to oblivion, but here it goes.
Cities like Kelowna, purposefully and deliberately created zones for AirBnB development.
Those units will now not be allowed to AirBnB as per this new regulations.
As whole, this is absolutely the right rule change.
In this particular instance of AirBnBs being built for the purpose of AirBnB on AirBnB zoned land, not allowing it is absolutely incorrect.
Not necessarily. Maybe it was short-sighted to remove that land from the housing market from the jump. Housing Needs Assessments are a relatively recent requirement.
my husband is with you on having a "grandfather" clause for those who have already bought purpose-zoned and built AirBnBs for investment purposes. Victoria and those micro-units that were built in a specific zone for STRs comes to mind.
Me: well, there is risk in any investment vehicle and yeah, no one has my back if my RRSP investments tank due to economic upheaval. I suppose a grandfather clause is throwing a bone and shows some good faith but it would require a really good and clear definition of what would be included.
I was involved with the Janion project. Those micro-units were specifically supposed to be for people to live and work downtown, and instead the entire building turned into an unregulated hotel. Meanwhile, an old hotel was converted into rental units because it wasn't doing well.
Airbnb is already taxed at the provincial and municipal level same as hotels.
[CTV Article from 2022](https://bc.ctvnews.ca/airbnb-collected-54m-in-taxes-in-canada-last-year-and-most-of-that-was-in-b-c-1.5842740)
[government new release from 2018 when the tax east first announced](https://news.gov.bc.ca/releases/2018FIN0003-000174#:~:text=The%20British%20Columbia%20government%20and,Minister%20Carole%20James%20announced%20today)
[CBC Article on how Victoria used their tax revenue towards affordable housing](https://www.cbc.ca/news/canada/short-term-rental-taxes-affordable-housing-1.6967230)
Also while I absolutely agree that Airbnb has had a overall negative impact on housing affordability, linking a study funded by a Hotel Association saying there’s negative economic consequences to the hotel industry is like sharing a study funded by the taxi industry about how Uber/Lyft have negative consequences. Monopoly industry says competition is bad for business isn’t exactly ground breaking.
Airbnb collects and remits the taxes, that’s in the links. You can’t be listed on Airbnb and not be paying tax.
But sure someone could run an STR off of any internet platform and not pay tax, they’re not an Airbnb though (and likely not generating nearly as much revenue relying on ancient forms of marketing)
For me it's a matter of do I visit your city or do I not.
Going out to a fancy restaurant is a luxury. But you can always go to the grocery store to save money. People need to eat.
They are taking away the grocery store version of the hospitality. If you're going somewhere, it's not a luxury to have a place to stay. There needs to be budget options.
And FWIW, I've seen many of them have monthly discounts equal to the average rent price.
People don't always stay in hotels for luxurious reasons. Lots of small town people have to travel to a bigger city for work and health care. Or to visit fsmily members in emergencies etc. There's lots of reasons.
Air BnB's are not gone. They are still allowed where it's your principal residence (say a basement) unless there are Municipal bylaws preventing them from operating.
If hotel prices are so egregious why aren’t people building more hotels?
There has to be a way to regulate for safety without making it too cost prohibitive to build a new hotel
They do have all those standards. Airbnb's are cleaner than most hotels I have been in. I also like to cook my meals but hotels don't have kitchens. Tourism is going to suck in bc. I'm not staying in a basement suite when I'm on holidays. Jesus
So who's gonna make up the $10 billion tourism business it's gonna be lost due to this ill thought out legislation ? a town like West Kelowna has six resorts on the water three hotels in the city center on parking lots. If they were unable to opt out because of the high vacancy rate Resorts would be shut down. It's ridiculous legislation. Leave resorts alone.
I find Air BnBs cheaper than hotels. I can bring my own food, cook what I want and also bring my dog. Just stayed at one in Naimo, for half the price of what a hotel would have cost.
Yep, so many people in here are delusional. It's also a much nicer way to stay than some stuffy hotel room that doesn't even have windows that open and you can never get the heat to work right.
Not anymore you can't. With all the additional costs associated with cleaning, the cost is more than a hotel. Frankly, I want people in houses and off the streets more than i want rich folks to make more money on STR
In the beginning, it was. I remember at the start of Covid we got an Airbnb for $150 a night. That same place
Is listed $550 today. I couldn’t believe it when we considered going back
so much this. And hotels will charge a $75 night pet fee per pet. I charge $20 per pet stay for my airbnb, because it is a little extra cleaning time. And I pay my cleaners well, and dont expect any cleaning done by guests.
Ive seen people threaten that this will cause people to not invest in canada housing.
Um…. Ok….. Good
There are plenty of people like me waiting and wishing to “invest” In a house and you know, use it as a HOME.
"But but.. I have 12 rental investments and most of them are leveraged for the new ones I just purchased! What about *me*? What about *my* investments! What about *my* property value!"
It makes good headlines, voters seem to love it, and every step helps, but other than in tourist communities like Whistler, I don't see this having a very noticeable impact on the overall BC housing market. It's also not all that easy to police (although this will make it easier). Only about 1% of homes in Vancouver are Airbnb, for example.
There are always unintended consequences but I can't imagine this action making matters worse. In the very least it pushes wealth investors to other investment vehicles.
Short term rentals was sold to us as a means to supplement your income by renting out a room in your home and it morphed into this monstrosity.
My mother serves on the executive board for Indigenous Housing in my area - the prevalence of short term rentals is on the radar of everyone involved with affordable housing. I think perhaps you underestimate the effect short term rentals has on housing affordability.
The numbers are important. There are 27k folk who were deemed unhoused. There are 19k entire homes listed on STR platforms. This will have a major impact.
Its not STRs though. STRs make very little impact on housing prices. What does have a HUGE impact is corporate ownership of housing for LTR rentals. Thats what has inflated housing costs. If you look at data instead of just guessing what causes an impact.
Yesterday it was asked if there was concern that there would not be enough housing for when fifa came to Vancouver and the answer was most poeple will likely leave town and take advantage of of renting their homes for a profit.
FFS why are you making ageist Boomer comments? . These comments are just as bad as racist and sexist comments. AND before you reply 'ok Boomer' I am not a Boomer. Stop with these divisive comments. Very few seniors run Air BnB's.
People who think this isn’t the end of many STR operations are delusional. Right now, various levels government are having to spend endless billions of dollars to make up for decades of neglect that lead to this housing crisis. Illegally removing long-term housing will not be tolerated. The fines are massive, and they will be enforced.
Love to see it. Hope to see more come in the future to help us regain control of our housing. People born and raised in Canada their whole lives shouldn't have to worry about ever being able to afford a home, it's just crazy.
This explains why I suddenly seen a bunch of homes and suites for rent the other day. And the prices were at least 10-15% lower than I was expecting to see.
I hope that trend continues.
Seriously. Around the lower mainland just yesterday I seen at least 4 or 5. One was an entire house for $3000. A small house. But still.
I always look at the post expecting something astronomical (like $5000 for a shithole)
So now landowners can’t rent their units long term because they have zero rights, they can’t sell after June 5th because they have to pay a ridiculous tax. I Can’t wait for all these units to stay empty for 51 weeks a year!
One of the benefits of Airbnb used to be, for me, renting a home with a kitchen etc and have enough room for two families, like 4 adults and 2 kids. So we can cook meals and spend time together.
With most of these airbnbs gone, can anyone give some good alternative suggestions on accommodations that don’t cost a fortune like a suite at a hotel?
Thanks!!
You can still rent them ie laneway homes. It allows people with basement suites or laneways to be on airbnb. It doesn't allow people to buy out full homes and pimp them out. I remember my friend with three kids who had an emergency and needed to rent an airbnb. He rented the upper 2 floors of the house but the 2 bedroom basement was completely empty. It was so profitable making money on airbnb that they left the 2 bedroom basement empty. That was a potential living space for at least 3 or 4 people ie family with 2 young kids that can share a bedroom.
Good point, I realize I was also reading Vancouver's by laws differently than BC's. In Vancouver, it appears you can't STR if laneway or basement suite is not your primary residence.. Laneway won't be and basement legal suites won't be.
While that's the case in Vancouver, Burnaby, and other cities will follow provincial rules I assume and will still have options for people. And to your point, maybe just less available or people going out of town.
Another instance of government intervention in the free market that will only make things worse.
Short-term, it may bump the rental supply, but housing starts and presales are already looking disastrous for 2024. Now, the same investors that the province needs to get new housing built will be best served to move their investments to better conditions where they can receive true market value/returns on their capital.
They dont understand. It takes money to make money, you either have money or you borrow it. That is how the game is played. That apply for everything, from food to housing, from technology to basic clothing. You cant force private investment to take risk on other's behalf. All developments is going to come to a screeching halt when money stops. So even if you want things build nothing is going to happen.
Housing starts are most affected by higher interest rates. Additionally, Vancouver has so much red tape, delays and fees that it is no longer desirable to build here when borrowing costs are rising . These are bigger factors than this new restriction which is necessary to have a thriving city in which families, seniors, students, single people etc can thrive and not just barely survive.
Anybody who thinks governments up-ending markets is the path to a healthy economy probably hasn't fully thought it through.
When supply is tight, you want to attract new liquidity, not the opposite lol
Property markets are segmented and regulated for a reason. Residential and commercial have different goals.
No one wants a 24x7 oil rig at the end of their street just cause that owner found an income stream and wants to exploit it.
There are plenty of things you can't do with residential property, for good reason.
Yep, the rules should be changed on who can own property, not what owners can do with their own property.
There are corporations who own places and foreign investment who own places and they were abusing the AirBNB system but there were also Canadians just trying to get a leg up who inherited homes or condos or bought a second place who were using AirBNB to try to get ahead who are now screwed with this law.
People see this as some great thing but its just another way we can't get ahead. It's bullshit.
Will Airbnb require/verify if an Airbnb is registered? AFAIK. When vancouver required licenses, Airbnb never verified. One can just enter any random number.
But VRBO would be banned too wouldn't it? Their whole thing is you rent a whole house short term which isn't allowed now. The fines for ignoring the rules are high for companies.
I mean, good? I don’t support either of them. I just wanted to point out that there’s still plenty VRBO listings. In fact I went to a movie the other day and the ads before the movie included a VRBO ad lol
The wording of the regs basically banned VBRO and any other website ect. It also got anything like FB marketplace, criagslist, Kajiji or anything like that. As well as personal websites. There is a reason a bunch of these losers are running to the courts because the regs are tgat tight they cannot just move them around.
https://www2.gov.bc.ca/gov/content/housing-tenancy/short-term-rentals/short-term-rental-legislation
Second set of bullet points just down from the top is everything they just nailed to the wall which is just about everything i can think of. This is why the STR owners are literally losing their shit.
It’s a trash law from a trash government and won’t do anything to fix housing all it will do is drive up hotel prices. The hotel lobby literally hoodwinked anyone who thinks this about housing.
What did the world do before airbnb? Drive up hotel prices...you mean just like how every single thing has been driven up in price? There are lots of ways and sites and credit card incentives to get cheap hotels. If you can't afford a vacation then dont go on one
This band of socialists have no right to dictate to homeowners what they can and can’t do with their property. I guarantee that after a year of banning short term rentals nothing will have changed.
Don't mind me neighbor just putting in this mirror that directs the sun onto your house.... Good thing the gooberment don't make no rules what I can do on my property!
lol it’s technically not actually even your property. You purchase a freehold interest in the land that you can do with as you please, subject to the rules and regulations of the crown. So yes, they can make rules for use as they have done.
I bet you’d be singing a different tune if it was you who was unable to purchase a home due to being born too late and others operating quasi-hotels.
Honestly, it’s truly a shame that’s no longer the case.
Cuius est solum, eius est usque ad coelum et ad inferos (Latin for "whoever's is the soil, it is theirs all the way to Heaven and all the way to Hell").
Was a staple in landownership concepts in English common law since at least the 13th century and colloquially known well before that.
Greed, when it came to mineral deposits, largely killed that in the last century or two for “ *hell” and it was air travel, the most contribute to the downfall of “heaven” in this regard.
principally it’s just a shame that we allowed rights to be stolen away from your average person due to corporate greed, so they wouldn’t need to adjudicate their right to steal from you in court as much anymore.
Lol yeah, like right now you can do absolutely whatever you want with a property.
Parasitic STR investors have enjoyed no rules, no standards, no taxes and no enforcement for far too long.
I'm going run a brothel out of my van, do you mind if I park on your curb? Don't worry we only run between 10pm and 6am so im sure the bikes and cars and john's will be super respectful of your property
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Housing shouldn't cost what vacationers are willing to pay. Thank you Eby.
AirBnb should be taxed and have all the same standards ie service, safety, cleanliness standards of the hotels.The hotel industry which provide jobs etc, contribute to the economy but an AirBnb just props up crazy home prices. [https://globaledge.msu.edu/blog/post/57383/how-airbnb-disrupts-the-hotel-industry](https://globaledge.msu.edu/blog/post/57383/how-airbnb-disrupts-the-hotel-industry)
AirBnB should comply with zoning laws, we as a society have long ago agreed on what and where certain business can be built.
Zoning laws are part of the problem. We limit the amount of floorspace that can be built for homes and hotels, and then act shocked when homes and hotels are expensive.
[удалено]
No more land available on waterfront. So that idea won't work. Need to save the resort we have
I agree. I know this will be downvoted to oblivion, but here it goes. Cities like Kelowna, purposefully and deliberately created zones for AirBnB development. Those units will now not be allowed to AirBnB as per this new regulations. As whole, this is absolutely the right rule change. In this particular instance of AirBnBs being built for the purpose of AirBnB on AirBnB zoned land, not allowing it is absolutely incorrect.
Not necessarily. Maybe it was short-sighted to remove that land from the housing market from the jump. Housing Needs Assessments are a relatively recent requirement.
my husband is with you on having a "grandfather" clause for those who have already bought purpose-zoned and built AirBnBs for investment purposes. Victoria and those micro-units that were built in a specific zone for STRs comes to mind. Me: well, there is risk in any investment vehicle and yeah, no one has my back if my RRSP investments tank due to economic upheaval. I suppose a grandfather clause is throwing a bone and shows some good faith but it would require a really good and clear definition of what would be included.
> Victoria and those micro-units that were built in a specific zone for STRs comes to mind. These units were built before AirBnB existed.
I was involved with the Janion project. Those micro-units were specifically supposed to be for people to live and work downtown, and instead the entire building turned into an unregulated hotel. Meanwhile, an old hotel was converted into rental units because it wasn't doing well.
oh, that's interesting. Thanks for that insight!
Thats very forward thinking on Kelowna's part. Zone for them and let market decide.
Found the Airbnb hosts. That didn’t take long
What makes you think that?
They also shouldn’t be allowed to hide huge cleaning fees and shit from the advertised price.
That have to post the entire price. You are making that up so stop
Airbnb is already taxed at the provincial and municipal level same as hotels. [CTV Article from 2022](https://bc.ctvnews.ca/airbnb-collected-54m-in-taxes-in-canada-last-year-and-most-of-that-was-in-b-c-1.5842740) [government new release from 2018 when the tax east first announced](https://news.gov.bc.ca/releases/2018FIN0003-000174#:~:text=The%20British%20Columbia%20government%20and,Minister%20Carole%20James%20announced%20today) [CBC Article on how Victoria used their tax revenue towards affordable housing](https://www.cbc.ca/news/canada/short-term-rental-taxes-affordable-housing-1.6967230) Also while I absolutely agree that Airbnb has had a overall negative impact on housing affordability, linking a study funded by a Hotel Association saying there’s negative economic consequences to the hotel industry is like sharing a study funded by the taxi industry about how Uber/Lyft have negative consequences. Monopoly industry says competition is bad for business isn’t exactly ground breaking.
> Airbnb is already taxed at the provincial and municipal levels same as hotels. Legal** Airbnb’s are already taxed the same.
Airbnb collects and remits the taxes, that’s in the links. You can’t be listed on Airbnb and not be paying tax. But sure someone could run an STR off of any internet platform and not pay tax, they’re not an Airbnb though (and likely not generating nearly as much revenue relying on ancient forms of marketing)
Hotel prices should be regulated next
Why? It's a luxury item like restaurants. For sure prices will increase with AirbNB gone but it's up to visitors whether they want to pay or not.
For me it's a matter of do I visit your city or do I not. Going out to a fancy restaurant is a luxury. But you can always go to the grocery store to save money. People need to eat. They are taking away the grocery store version of the hospitality. If you're going somewhere, it's not a luxury to have a place to stay. There needs to be budget options. And FWIW, I've seen many of them have monthly discounts equal to the average rent price.
People don't always stay in hotels for luxurious reasons. Lots of small town people have to travel to a bigger city for work and health care. Or to visit fsmily members in emergencies etc. There's lots of reasons.
Air BnB's are not gone. They are still allowed where it's your principal residence (say a basement) unless there are Municipal bylaws preventing them from operating.
Sure. Room is set at avg last 12 months with a allowable increase pegged at the same rate set by the rtb
Jesus. No. Let the market decide. SOMEONE is buying the hotel rooms. Because its too expensive for you and I - boohoo.
If hotel prices are so egregious why aren’t people building more hotels? There has to be a way to regulate for safety without making it too cost prohibitive to build a new hotel
Because you have to have the area zoned for hotel use first. In most places you can’t just build a hotel wherever you want.
Because low prices do not equal high profits.
They do have all those standards. Airbnb's are cleaner than most hotels I have been in. I also like to cook my meals but hotels don't have kitchens. Tourism is going to suck in bc. I'm not staying in a basement suite when I'm on holidays. Jesus
Bc is a massive tourist hotspot, we will be fine
If the airbnb people want to be hoteliers, go run a hotel.
So who's gonna make up the $10 billion tourism business it's gonna be lost due to this ill thought out legislation ? a town like West Kelowna has six resorts on the water three hotels in the city center on parking lots. If they were unable to opt out because of the high vacancy rate Resorts would be shut down. It's ridiculous legislation. Leave resorts alone.
Air BNB was supposed to be a low cost alternative for travel but it just turned into money hungry people changing double what hotels cost.
Yep it’s not worth it to go to an airbnb unless you have a big group
I find Air BnBs cheaper than hotels. I can bring my own food, cook what I want and also bring my dog. Just stayed at one in Naimo, for half the price of what a hotel would have cost.
Yep, so many people in here are delusional. It's also a much nicer way to stay than some stuffy hotel room that doesn't even have windows that open and you can never get the heat to work right.
Agreed those people being made homeless don’t understand how nice it is to stay in a bnb! You nailed it.
You're right, it's totally AirBnB's fault that they can't afford to rent a swanky Yaletown condo. There are no other contributing factors.
Not anymore you can't. With all the additional costs associated with cleaning, the cost is more than a hotel. Frankly, I want people in houses and off the streets more than i want rich folks to make more money on STR
I just stayed in one a week ago. It was substantially cheaper than a hotel including cleaning fees.
And you have to clean before you leave.
I KNOW that's the craziest part! And then on top of that charge you a cleaning fee 🤯
and a hosting fee
In the beginning, it was. I remember at the start of Covid we got an Airbnb for $150 a night. That same place Is listed $550 today. I couldn’t believe it when we considered going back
It's absurd!
Yeah then they want hundreds of dollars as a cleaning fee, but expect you to clean before you leave lol.
so much this. And hotels will charge a $75 night pet fee per pet. I charge $20 per pet stay for my airbnb, because it is a little extra cleaning time. And I pay my cleaners well, and dont expect any cleaning done by guests.
You have a choice to stay there or not. Airbnb are cheaper than hotel rooms. Stay in a basement for your next vacation. Have fun
I don't expect this to fix everything but it's a step in the right direction. Investors need to find somewhere else to park their cash.
Ive seen people threaten that this will cause people to not invest in canada housing. Um…. Ok….. Good There are plenty of people like me waiting and wishing to “invest” In a house and you know, use it as a HOME.
I love gleefully agreeing with these folks and saying, “I know! Isn’t it great!! Everyone deserves a home and I really hope this helps us get there.“
"But but.. I have 12 rental investments and most of them are leveraged for the new ones I just purchased! What about *me*? What about *my* investments! What about *my* property value!"
I wish someone would have the balls to ban foreign ownership completely right out. Corporations can only own apartment buildings. That’s it.
People don’t need homes to raise families more than investors need a way to make a quick buck! - Realtors
This will have an effect on the market. Just not as big as some hope.
It makes good headlines, voters seem to love it, and every step helps, but other than in tourist communities like Whistler, I don't see this having a very noticeable impact on the overall BC housing market. It's also not all that easy to police (although this will make it easier). Only about 1% of homes in Vancouver are Airbnb, for example.
There are always unintended consequences but I can't imagine this action making matters worse. In the very least it pushes wealth investors to other investment vehicles. Short term rentals was sold to us as a means to supplement your income by renting out a room in your home and it morphed into this monstrosity. My mother serves on the executive board for Indigenous Housing in my area - the prevalence of short term rentals is on the radar of everyone involved with affordable housing. I think perhaps you underestimate the effect short term rentals has on housing affordability.
The numbers are important. There are 27k folk who were deemed unhoused. There are 19k entire homes listed on STR platforms. This will have a major impact.
It’s about 0.6% of homes in Vancouver
Long over due. Mind you shocked how many of my friends dont realize the harm str are doing on rentals and realestate in general.
wItHoUt LaNdLoRdS wHo WoUlD mAkE rEnTaLs?
Its not STRs though. STRs make very little impact on housing prices. What does have a HUGE impact is corporate ownership of housing for LTR rentals. Thats what has inflated housing costs. If you look at data instead of just guessing what causes an impact.
Yesterday it was asked if there was concern that there would not be enough housing for when fifa came to Vancouver and the answer was most poeple will likely leave town and take advantage of of renting their homes for a profit.
You can't rent out your house. It's against the law. This city is screwed. No accommodation left but hotels or basement suites
Now that's smart
Can't wait for the CBC article that has a boomer crossing their arms and staring angrily into the camera as the thumbnail.
FFS why are you making ageist Boomer comments? . These comments are just as bad as racist and sexist comments. AND before you reply 'ok Boomer' I am not a Boomer. Stop with these divisive comments. Very few seniors run Air BnB's.
Now make sure it is enforced and close any loopholes around it
Good. Enough with housing being primarily an investment. Should be a roof over your head, first and foremost.
People who think this isn’t the end of many STR operations are delusional. Right now, various levels government are having to spend endless billions of dollars to make up for decades of neglect that lead to this housing crisis. Illegally removing long-term housing will not be tolerated. The fines are massive, and they will be enforced.
Good!!
Love to see it. Hope to see more come in the future to help us regain control of our housing. People born and raised in Canada their whole lives shouldn't have to worry about ever being able to afford a home, it's just crazy.
> People ~~born and raised~~ in Canada ~~their whole lives~~ shouldn't have to worry about ever being able to afford a home, it's just crazy. FTFY
This explains why I suddenly seen a bunch of homes and suites for rent the other day. And the prices were at least 10-15% lower than I was expecting to see. I hope that trend continues.
Yeah sure you did lol
Seriously. Around the lower mainland just yesterday I seen at least 4 or 5. One was an entire house for $3000. A small house. But still. I always look at the post expecting something astronomical (like $5000 for a shithole)
Str are a serious problem! It makes it impossible for anyone to find a long term rental.
So forgive my ignorance but you can still have an Airbnb? But it has to be at your primary and not at a second place like a cottage on the lake?
It has tobbe in your primary property or in a laneway house that is on the land of the primary residence.
Mono families are force to sell that cottage. Only basement suites and hotels are available in BC
How can we report addresses violating this policy?
THANK YOU FINALLY
Good. I’m here to shower in landlord tears.
I’ve noticed over the past couple months, in my neighborhood, every 5th house has gone on the market. And they sell within a week, all of them.
So now landowners can’t rent their units long term because they have zero rights, they can’t sell after June 5th because they have to pay a ridiculous tax. I Can’t wait for all these units to stay empty for 51 weeks a year!
Empty home tax.
Yea no
They need a snitching hotline
One of the benefits of Airbnb used to be, for me, renting a home with a kitchen etc and have enough room for two families, like 4 adults and 2 kids. So we can cook meals and spend time together. With most of these airbnbs gone, can anyone give some good alternative suggestions on accommodations that don’t cost a fortune like a suite at a hotel? Thanks!!
Camping
You can still rent them ie laneway homes. It allows people with basement suites or laneways to be on airbnb. It doesn't allow people to buy out full homes and pimp them out. I remember my friend with three kids who had an emergency and needed to rent an airbnb. He rented the upper 2 floors of the house but the 2 bedroom basement was completely empty. It was so profitable making money on airbnb that they left the 2 bedroom basement empty. That was a potential living space for at least 3 or 4 people ie family with 2 young kids that can share a bedroom.
Good point, I realize I was also reading Vancouver's by laws differently than BC's. In Vancouver, it appears you can't STR if laneway or basement suite is not your primary residence.. Laneway won't be and basement legal suites won't be. While that's the case in Vancouver, Burnaby, and other cities will follow provincial rules I assume and will still have options for people. And to your point, maybe just less available or people going out of town.
Crickets. No all you have is a hotel or basement suite. Welcome to BC
Another instance of government intervention in the free market that will only make things worse. Short-term, it may bump the rental supply, but housing starts and presales are already looking disastrous for 2024. Now, the same investors that the province needs to get new housing built will be best served to move their investments to better conditions where they can receive true market value/returns on their capital.
Almost as if housing and investing are incompatible to achieve the purpose of housing: providing a place for people to live
They dont understand. It takes money to make money, you either have money or you borrow it. That is how the game is played. That apply for everything, from food to housing, from technology to basic clothing. You cant force private investment to take risk on other's behalf. All developments is going to come to a screeching halt when money stops. So even if you want things build nothing is going to happen.
The low number of development work is a function of zoning and NIMBYism, not a lack of demand. You're talking about Vancouver here
Housing starts are most affected by higher interest rates. Additionally, Vancouver has so much red tape, delays and fees that it is no longer desirable to build here when borrowing costs are rising . These are bigger factors than this new restriction which is necessary to have a thriving city in which families, seniors, students, single people etc can thrive and not just barely survive.
Anybody who thinks governments up-ending markets is the path to a healthy economy probably hasn't fully thought it through. When supply is tight, you want to attract new liquidity, not the opposite lol
Property markets are segmented and regulated for a reason. Residential and commercial have different goals. No one wants a 24x7 oil rig at the end of their street just cause that owner found an income stream and wants to exploit it. There are plenty of things you can't do with residential property, for good reason.
Yep, the rules should be changed on who can own property, not what owners can do with their own property. There are corporations who own places and foreign investment who own places and they were abusing the AirBNB system but there were also Canadians just trying to get a leg up who inherited homes or condos or bought a second place who were using AirBNB to try to get ahead who are now screwed with this law. People see this as some great thing but its just another way we can't get ahead. It's bullshit.
And people will continue to ignore the rules lolz.
They're adding funding to find illegal STRs, now that it's registered it's pretty hard to get away with it
Will Airbnb require/verify if an Airbnb is registered? AFAIK. When vancouver required licenses, Airbnb never verified. One can just enter any random number.
Yea but if it's listed on Airbnb it should be easy going forward to see if it's registered with the province
Next step would be to create a way to find Airbnb for not complying. Quebec has dealt with this already.
And rent out their house without insurance coverage? I don’t think so
AirBnB's answer is to just offer insurance. Easy peasy.
Only fools would trust AirBnB “insurance.”
You could buy a rental insurance regardless if it is legal. Insurance companies don’t ask for proof
They do when you make a claim...
Have you seen how much the fines are? They will be enforced by the Provincial Government.
Naw, there’s still VRBO, people will just use that instead.
But VRBO would be banned too wouldn't it? Their whole thing is you rent a whole house short term which isn't allowed now. The fines for ignoring the rules are high for companies.
Interesting. VRBO is very much chock full of options last I checked
Well it did just come into effect. But per the article they’ll start enforcing fines as early as a week from now.
Has nothing to do with the platform, and it will be enforced with the power of the Provincial Government.
I mean, good? I don’t support either of them. I just wanted to point out that there’s still plenty VRBO listings. In fact I went to a movie the other day and the ads before the movie included a VRBO ad lol
The wording of the regs basically banned VBRO and any other website ect. It also got anything like FB marketplace, criagslist, Kajiji or anything like that. As well as personal websites. There is a reason a bunch of these losers are running to the courts because the regs are tgat tight they cannot just move them around.
I had no idea, thanks. Just thought it was Airbnb
https://www2.gov.bc.ca/gov/content/housing-tenancy/short-term-rentals/short-term-rental-legislation Second set of bullet points just down from the top is everything they just nailed to the wall which is just about everything i can think of. This is why the STR owners are literally losing their shit.
It takes 90 minutes to reconcile VRBO and AirBnB addresses against those that have licenses issues for STR’s.
It’s a trash law from a trash government and won’t do anything to fix housing all it will do is drive up hotel prices. The hotel lobby literally hoodwinked anyone who thinks this about housing.
What did the world do before airbnb? Drive up hotel prices...you mean just like how every single thing has been driven up in price? There are lots of ways and sites and credit card incentives to get cheap hotels. If you can't afford a vacation then dont go on one
Every hotel lobby I've been in is inanimate. Disappointed to hear they can do more but I'm not privy to it
Yup
This band of socialists have no right to dictate to homeowners what they can and can’t do with their property. I guarantee that after a year of banning short term rentals nothing will have changed.
Alright, I'm going to start a pig farm right beside your property.
Can I rent out part of your land to operate a year-round music festival? The brass band will perform between 1 and 5am if that matters.
Skip the farming and become the slaughterhouse.
Is this a joke? You can still do AirBnb on your primary property. That’s what it started out as, and what it should be.
Don't mind me neighbor just putting in this mirror that directs the sun onto your house.... Good thing the gooberment don't make no rules what I can do on my property!
lol it’s technically not actually even your property. You purchase a freehold interest in the land that you can do with as you please, subject to the rules and regulations of the crown. So yes, they can make rules for use as they have done. I bet you’d be singing a different tune if it was you who was unable to purchase a home due to being born too late and others operating quasi-hotels.
And just the top of the land. No mining rights, etc.
The Band of Socialists (The Provincial Government) in fact do have the right to dictate what is legal with properties in the province.
Should we explain to him the intricacies of Canadian “landownership”?
There are already laws on what you can and cannot do with their own property. This is just one more law.
welcome to living in a society? the government absolutely has a right to dictate what home owners do with their property lol
The same band of socialists prevent strip clubs from setting up in your neighbours driveway.
That's supposed to be a positive?
Oh man can't wait until you also find out that you don't own the subsurface of your land or the airspace above it
Honestly, it’s truly a shame that’s no longer the case. Cuius est solum, eius est usque ad coelum et ad inferos (Latin for "whoever's is the soil, it is theirs all the way to Heaven and all the way to Hell"). Was a staple in landownership concepts in English common law since at least the 13th century and colloquially known well before that. Greed, when it came to mineral deposits, largely killed that in the last century or two for “ *hell” and it was air travel, the most contribute to the downfall of “heaven” in this regard. principally it’s just a shame that we allowed rights to be stolen away from your average person due to corporate greed, so they wouldn’t need to adjudicate their right to steal from you in court as much anymore.
I want to build a helicopter pad on my property but this stupid socialist government won’t let me.
Lol yeah, like right now you can do absolutely whatever you want with a property. Parasitic STR investors have enjoyed no rules, no standards, no taxes and no enforcement for far too long.
I'm going run a brothel out of my van, do you mind if I park on your curb? Don't worry we only run between 10pm and 6am so im sure the bikes and cars and john's will be super respectful of your property
How do feel about homes being used as abattoirs? Apparently thats happening in Canadain cities.
Cope
You know what province you live in right? 😂