My story on how short-term rentals, as facilitated Airbnb and similar web tools, affect the supply of long-term rental housing in Vancouver appeared in The Tyee on June 27. Read all about it here: Are Online Vacation Renters Displacing Vancouverites?
I was pleased to see follow-up coverage by CBC Radio and TV. BC Almanac did a segment July 5, which covered much of the same ground as my story, though focused more on the lack of lodging taxes paid in these transactions.
Then on July 6, CBC TV did a 2-minute news segment. It’s great to see this, though I note that they interviewed a Yaletown resident who rents out the second bedroom in his condo. From a safety and security point of view, that sort of short-term rental is not really the issue, since the host will often be present when the guest is there and that does a lot to mitigate concerns and risks.
More to my point, I would argue that renting out a spare room (or an entire apartment or home while the usual resident is away) has a fairly minimal effect on the supply of rental housing that’s available to actual Vancouver residents. It’s true that that second bedroom could be housing a local resident instead of a tourist and we certainly need all the affordable housing we can get in Vancouver. But I think policy-makers should be much more concerned about the many entire apartments, condos and secondary suites and houses that are being rented to tourists (at higher rates and without the oversight of the Residential Tenancy Act) instead of adding to the city’s woefully inadequate and aging rental housing stock.
I also don’t know, but would like to, where CBC TV got the figure of 3,000 rooms available for short-term rental to tourists.