Vancouver approves new rules for short-term rentals

Operators will now require a $49 business licence

Vancouver city council has approved new regulations for short-term rentals such as Airbnb.

The new rules, voted on during Tuesday’s meeting, state that operators must get a $49 business licence and only rent out their principal residence.

READ: Vancouver wants to license Airbnb hosts

According to the city, 6,000 short-term rentals are available in Vancouver right now, while the rental vacancy rate sits at under one per cent.

More to come.

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