Do the new rules go too far?
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.”
Yael Slaw and Gordon Glaze used Airbnb to help cover the rent of their West Side home.