Post by High Priestess on Jun 2, 2018 14:52:47 GMT
Vancouver is cutting back on 400 STR listings...and is investigating 1500 others.
www.cbc.ca/news/canada/british-columbia/vancouver-takes-400-short-term-rental-units-off-the-market-in-keeping-with-new-regulations-1.4685921
www.cbc.ca/news/canada/british-columbia/vancouver-takes-400-short-term-rental-units-off-the-market-in-keeping-with-new-regulations-1.4685921
One month after introducing its new short-term rental regulations, the City of Vancouver says it has de-listed 400 units, or converted them into long-term rental housing.
In a news release, the city also said it is "actively investigating" more than 1,500 units that appear to be illegal.
The owners of an additional 400 units have been issued warning letters and are facing fines, and over 100 listings with duplicate or incorrect business licences are under audit.
The city has also initiated prosecution against commercial operators representing 89 listings, with the potential to collect up to $890,000 in fines.
The city says it has received 430 citizen complaints about suspected illegal short-term rentals since April 19.
In a news release, the city also said it is "actively investigating" more than 1,500 units that appear to be illegal.
The owners of an additional 400 units have been issued warning letters and are facing fines, and over 100 listings with duplicate or incorrect business licences are under audit.
The city has also initiated prosecution against commercial operators representing 89 listings, with the potential to collect up to $890,000 in fines.
The city says it has received 430 citizen complaints about suspected illegal short-term rentals since April 19.