Quote:
Originally Posted by jlousa
Good, This is a policy I think the city got right. Doesn't matter that they copied another city's policy, it's sound and makes sense for us. Puts the whole airbnb concept to where it was supposed to be originally, let home owners rent out their own space when they go on vacation and make it uneconomical to purchase property for the sake of setting up an airbnb.
The one issue I'd like to addressed once this policy has been proven in the long term to work is the province step in and eliminate strata rules preventing airbnb. My building like most prevents short term rentals, and that was sound policy when there was abuse, but so long as an owner follows the new requirements imposed by the city they should be allowed to rent their unit out when out on vacation and not be punished.
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I agree with everything you say. As an Airbnb host I think the city's policy is reasonable and fair.
I am surprised though that so many shut down. I've done the economics and even with the empty homes tax a lot of these commercial Airbnb operations still seem viable. I guess it must be enforcement from Airbnb's end as well.