Posted on June 22, 2015
Air BnB share of Vancouver’s rental market: 3,473 units and growing
Short-term renters had 3,473 Vancouver Air BnB listings to chose from June 1, up sharply from the 2,901 available in November, according to impressive new analysis of the “sharing economy” phenomenon in our city just released by SFU urban studies graduate student Karen Sawatsky.
These new numbers, carefully set out by Sawatsky here, are bound to trigger controversy on an issue that has raged for several years in San Francisco, Portland and Seattle. A problem here? It’s difficult to be sure, but it seems likely these numbers are more than big enough to worsen vacancy rates, particularly for two and three-bedroom units.
Sawatsky had her suspicions, as outlined in the Tyee last year. Now she’s produced the facts to underline her concern.