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April 14, 2021, 3:58 pm

Vancouver Releases Annual Short-Term Rentals Report

City of Vancouver
VANCOUVER: Two and half years after our short-term rental regulations came into effect, Vancouver's latest annual short-term rental highlight report shows industry partnership and ongoing enforcement is improving compliance amongst operators in Vancouver.

The annual report provides an overview of the short-term rental market in Vancouver from January to December 2020. The report recognizes the significant impact on the short-term rental market from COVID-19, and several additional highlights including:  
 
  • Recognition by the Canada Mortgage and Housing Corporation as a contributing factor to the increased supply of long-term condominium rentals in Vancouver
  • Expansion of the prohibited buildings list with more than 30 new strata plans—licences are not issued for addresses associated with those buildings
  • Steady increase in the number of long-term rental business licences issued since regulations were enacted

In March 2020, our short-term rentals program was recognized by The Institute of Public Administration of Canada External website (IPAC) with a bronze award for Public Service Leadership & Excellence External website . The IPAC awards recognize organizations that have demonstrated outstanding leadership to improve public services, support government priorities, or have had a significant impact on public policy. Vancouver was the sole municipality to win in 2020.

This is the second year we have produced an annual report on our short-term rental program. The inaugural report recapped 16 months of the regulations from September 2018 to December 2019, and was published last year.  

Throughout 2020, the short-term rental team continued its focus on reducing the number of commercial and unlicensed short-term rental operators in Vancouver by:
 
  • Expanding  strata partnerships to include more buildings for the prohibited buildings list
  • Establishing a community working group to identify community-interest ideas and concerns
  • Working with the real estate community to bring awareness of regulations and to develop a strategy to deter listings framed as short-term rentals 

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