Tag Archives: Short term rentals

Housing

Number of Tri-Cities properties cashing in on short-term rentals spikes 45% in year

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Editor’s note: To what extent are we looking at a province wide trend? Is this spike happening in our area, or is it a more urban phenomenon?

By Patrick Penner, Tri-Cities Dispatch, Local Journalism Initiative Reporter

The number of landowners in the Tri-Cities using their properties for short-term rentals spiked 45 percent in one year. 

In August, sites like Airbnb and Vrbo posted 807 active listings for Coquitlam, Port Coquitlam, Port Moody, according to data provided by AirDNA, a market research provider.

That’s up from 446 total listings in August 2022. Despite the number of active listings being halved during the COVID-19 pandemic, overall rental growth still jumped 35 percent since 2018.

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Housing

A remote Canadian island makes history in fight for affordable housing

Canada’s National Observer, Local Journalism Initiative Reporter

A remote Canadian island is breaking ground on a new way to buffer the negative effects short-term vacation rentals have on the housing crisis facing small, rural tourism-based communities. 

B.C.’s Cortes Island is making housing history as the first community in the province to tax short-term holiday rentals and have all the funds directed to affordable housing projects, said Mark Vonesch, the area’s Strathcona Regional District director. 

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Community, Politics

Gibsons bylaw complaints nearly triple in second quarter

Editor’s note: Is this a more widespread trend?

By Jordan Copp, Coast Reporter, Local Journalism Initiative Reporter

Gibsons received 171 bylaw complaints in the second quarter of 2023, marking a steep rise from the 58 reported in the same period last year.

The statistics were part of the Gibsons Planning and Development Services’ report for April through June prepared for the July 25 Town of Gibsons committee of the whole.

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