Like Seattle, Vancouver, B.C., is preparing to lockdown Airbnb rentals to improve the housing stock for full-time residents. The impact of this new law is simple: Airbnb rentals may not be a business, either operated by a property owner who rents their home part of the year or who keeps a separate apartment on their property — nor may a business rent apartments through Airbnb.
In some ways, this reinforces Airbnb’s core mission, to make homes into sources of part-time revenue, but it closes off the opportunity to expand into new landlord-oriented services.
The new regulations only allow hosts on sites like Airbnb and VRBO to rent out rooms in properties where they live. On-site basement suites and mother-in-laws are not allowed. The rules also prohibit businesses from operating short-term rentals through sites like Airbnb. Short-term rental operators will also be required to purchase an annual license for 49 Canadian dollars.