Short-term rental gains pique investors’ interest

The potential to make higher yields from short-term rentals through companies like AirBnB is impacting the already-tight rental markets in cities such as Vancouver.

The city is considering whether rules are needed to curb the growth in the short-term market; other cities have done so as vacancy rates have been pressured by investors buying homes to rent out for weeks at a time rather than giving homes to locals.

Karen Sawatzky, a Simon Fraser University masters student, has been researching how these short-term rentals impact housing affordability in Vancouver.

She told the Times Colonist that in June there were 3,473 AirBnB rentals in the city and that 35 per cent were from 381 hosts. She also calculates that 71 per cent of the rentals are for whole houses. 

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