We’ll have to wait until tomorrow to hear what the city plans to do about short term rentals like AirBnB.
In the mean time, there are more calls for action – including from one unlikely source: landlords.
David Hutniak is CEO of Landlord BC, a group that represents owners and managers of purpose built rentals, and he says the city needs to regulate.
LISTEN: David Hutniak explains why Landlord BC wants action on AirBnB
Hutniak is echoing the call most commonly heard from AirBnB critics that the service is cutting into the rental stock and driving down the city’s vacancy rate.
“We’re seeming to see a whole bunch more AirBnB presence in that market, which is taking away what is currently long term rental housing from the supply, and that concerns us very much. We need that housing today.”
But he says that’s just one of several concerns landlords have.
When it comes to larger apartment buildings and condos, he says there’s also a safety and security risk that comes with strangers being given access to the buildings.
“You need to know who’s going in and out of your building whether you have a purpose built rental or a strata.”
And then there’s the question of insurance.
Hutniak says if something goes wrong it can be costly.
“The flooded toilet or what have you starts seeping down to multiple floors, there is significant risk there.”
If it’s a strata owner without insurance, that cost falls on their shoulders.
And he says his organization has been actively working to keep AirBnB subletting out of purpose built rental suites, because more often than not tenants don’t have renal insurance – meaning the costs fall to the landlords.
He adds the service isn’t fair to hotels and legitimate Bed and Breakfasts, who are paying license fees and taxes and have to compete.
He says Metro Vancouver municipalities need to get to work tightening up the rules.