the City of Vancouver rentals in Vancouver have jumped 63% YoY, with 1000 more listings added in the last six months alone, bringing the total to more than 4,700, according to a new study. The vacancy rate is below 1% and concern is growing that the service will negatively impact the long-term rental market. To this end, Airbnb is studying the impact of the City of Vancouver, and whether more stringent regulation is needed in the future.
Airbnb rentals in Vancouver have jumped 63% YoY, with 1000 more listings added in the last six months alone, bringing the total to more than 4,700, according to a new study. The vacancy rate is below 1% and concern is growing that the service will negatively impact the long-term rental market. To this end, the City of Vancouver is studying the impact of Airbnb, and whether more stringent regulation is needed in the future.