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AirBnB and city councils big fat noses

MattReno

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why do city’s like Vancouver and Toronto think they should have to tell home owners if they can airBnB there properties or not? Vancouver even deciding to “tax” the homeowners with fees. What’s your thoughts on this? is this a needed intervention on the city’s behalf to curb a problem? Or is this simply a case of a greedy old meddling guard who can’t adapt to a new paradigm?
 

Thomas Beyer

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The reason is that AirBnB and VRBO operate illegally in most Canadian cities as the current zoning does NOT allow short term rentals. These hotel-like operators do not pay commercial hotel like property taxes, often quadruple to quintuple residential rates. As such, the fees charged are still far too low. Also, short term rental eat into long term rental supply.

As such, Toronto and Vancouver still do not go nearly far enough in shutting down, or charging fees, to VRBO or AirBnB operators.


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Alvaro Sanchez

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This is not different than what UBER did where they launched an app (claiming a new edge of doing business to benefit of the general public) to by-pass current legislation, safety standards, etc.
 

kfort

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By that logic the “ride share” portion of every classified section since the 80’s is circumventing legislation, safety standards etc.


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Thomas Beyer

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By that logic the “ride share” portion of every classified section since the 80’s is circumventing legislation, safety standards etc.


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Let’s not confuse the occasional guest ( in a car or in a house ) with systemic, professional, commercial for profit enterprises !!


Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com
 
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