Do the new rules go too far?

Metro Canada (Vancouver) - - NEWS -

The city says the new rules are nec­es­sary to try to en­cour­age more home­own­ers to rent their prop­erty to long-term renters rather than tourists. But home­own­ers told the city that short-term plat­forms like Airbnb are much more pro itable than long-term rent rates and help them pay for ren­o­va­tions, their mort­gage or ever-in­creas­ing condo strata fees. Some, like Al­li­son New­ton, said Airbnb al­lows their fam­ily more lex­i­bil­ity: “We are a fam­ily of four that has a sec­ondary suite in our house that we rent out oc­ca­sion­ally on Airbnb to help with our very large mort­gage. We also have aging par­ents from Van­cou­ver Is­land that need to stay in our suite when they come to town to at­tend med­i­cal ap­point­ments.”

JEN ST. DE­NIS METRO

Yael Slaw and Gor­don Glaze used Airbnb to help cover the rent of their West Side home.

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