In a move that could further inflame Vancouver’s contentious rental market, Airbnb is offering a $250 bonus to new hosts in Vancouver, after they activate a new listing and host their first guest.
To qualify, the listing must be within 25 miles of downtown Vancouver, with a minimum booking value of $100 CAD or more per night, exc. cleaning fees and taxes.
The listing must be created by a new host by the end of August 31. The host must then complete a reservation for that listing for a stay beginning on or before September 30.
Hosts must also create the new listing after clicking on the “List Your Space” button on the YVR Deals website or YVR Deals landing page.
Despite Airbnb’s offer it’s worth remembering that zoning rules in Vancouver don’t allow short-term rentals.
Renting property for fewer than 30 days is currently only allowed in a licensed bed and breakfast.
However, these City rules are rarely enforced and some strata are now resorting to banning short-term rentals in their own bylaws to address the issue.
According to an analysis commissioned by the City of Vancouver, up to 5,000 short-term rental listings are already active in Vancouver.
Some 75% of all those listings are whole homes, bolstering the idea that the number of short-term rentals in the city is reducing much-needed long-term rental stock.
The City, which is reviewing its policy on short-term rentals, has also found that 85% of short-term rental listings in Vancouver are rented through Airbnb.
For full terms and conditions of the Airbnb offer, or to list your place, check the YVR Deals page: blog.airbnb.com/yvrdeals/