The mayor estimates the proposal will put up to 1,000 units back into the long-term rental pool, while legalizing thousands of other short-term rentals. That means renters wishing to use their homes as short-term rentals would need to prove they have the owner's permission for short-term sublets. Likewise, strata property owners would need to prove their strata by-laws permit short-term rentals. (Airbnb)In addition, the proposed regulations would require short-term rental operators to post their business licence number in any advertisement. According to a city report there are up to 5,000 active short-term rentals in the city, with 85 per cent of those on Airbnb.
Source: CBC News September 28, 2016 14:41 UTC