Comments on: Vancouver Has 3x As Many Illegal AirBnB Rentals As They Do Apartment Vacancies

By: AirBnB Rates Are Dropping As Rental Inventories Rise | Better Dwelling

AirBnB Rates Are Dropping As Rental Inventories Rise | Better Dwelling — Fri, 03 Feb 2017 13:11:56 +0000

[…] growing type of property in December was whole home rentals. The practice that is actually banned in Vancouver and New York City, rose 4.0% to 1.42 million full homes. This was close to the global trend of […]

By: Now that Vancouver Real Estate Speculation Has Chilled Out, When Will Rent Come Down? | VICE | Canada

Sat, 05 Nov 2016 21:00:16 +0000

[…] to Lee, Airbnb is actually having more of an impact on rent than we think. In Vancouver, where several thousand units are being diverted as short-term rentals, the competition among less than 5,000 empty units is unhealthy. Until the number of vacancies […]

By: Derek

Derek — Tue, 01 Nov 2016 23:32:47 +0000

In reply to Emma. Arica's ad is for renting a place in Richmond. Perhaps this is an issue in Richmond as well, but that isn't what this particular article is about.

By: Commodification of Housing – Rental Wars

Commodification of Housing – Rental Wars — Thu, 27 Oct 2016 10:46:56 +0000

[…] that tourists pay better then tenants. They are offering their properties on AirBnB. Vancouver has three times more properties listed on AirBnB than it has vacant properties on the rental market. This puts […]

By: benoit

benoit — Tue, 18 Oct 2016 18:33:32 +0000

In reply to Peter Labrie. You forgot it also cannibalize the buyers market with many people buying property with only purpose of putting it on air bnb, making huge profit over the mortgage right away even by having it rent just half of the time.

By: S

Thu, 06 Oct 2016 18:52:43 +0000

In reply to James. Thankfully Airbnb has insurance for that situation. Phew. You're about to become a dinosaur, James.

By: Airbnb landlord

Airbnb landlord — Mon, 19 Sep 2016 23:02:23 +0000

As someone already said, don’t hate the players hate the game. I have 15 airbnb units and have been making a killing the whole summer. Sometimes I get a fine from the strata but it’s just another $200 fine every 3 weeks or so; nothing compared to what I’m making per night. The best thing is that none of the units is mine; I simply sub-lease them. Caching caching.

By: Kyle MacDonald

Kyle MacDonald — Thu, 21 Jul 2016 07:47:33 +0000

Everyone who thinks stopping Airbnb will create more monthly rentals should read this article: http://www.sightline.org/2016/06/15/why-quashing-short-term-rentals-is-a-zero-sum-game-in-a-hot-housing-market/

By: Kyle MacDonald

Kyle MacDonald — Thu, 21 Jul 2016 07:45:14 +0000

This is an incredibly stupid correlation. I own a house and we have an in-law suite that is empty 7 months of the year. We rent out both our main house and the in-law suite on Airbnb from time to time. NEITHER of these Airbnb listings would ever be monthly rentals. Ever. To think that all Airbnb listings will magically become monthly rentals is dreaming at best.

By: James Macdonnell

James Macdonnell — Wed, 20 Jul 2016 20:47:39 +0000

In reply to mona.

Mona,

Your .02 only makes sense regarding single family dwellings of a detached nature. In those cases the impact on neighbours and surrounding environment is less severe than in the cases of attached residential units in a strata complex, for example.

Home ownership is imbued with certain rights. However, those rights do not come at the expense of another’s right to the peaceful enjoyment of their property.