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. In an interview with Global News, Airbnb’s head of global public policy, David Hantman, said he was “very concerned” about the potential negative effects on short-term rentals.
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.