By providing services that are popular with customers and landlords, vacation rental companies such as Airbnb and Vrbo have transformed the hospitality industry. But even if Airbnb really is damaging local housing markets, can anything be done to stop the hugely popular, multi-billion-dollar juggernaut?”Therein lies the conundrum facing the Vancouver City Council. As The Columbian reported this week: “There are more than 300 short-term rentals — such as Airbnbs and Vrbos — in Vancouver. If the city of Vancouver does not actively enforce zoning regulations, those regulations are insignificant. The lack of oversight also leads to questions about other zoning requirements: Why are some enforced when limits on short-term rentals are afforded only a wink and a nod?

Source: Forbes April 11, 2023 13:06 UTC