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0 0 0.00194552529182868 0.00188067444876778 0.0017509727626458 -0.000648508430609745 0.00142671854734111 0.00194552529182868
Stock impact report

BC municipalities join provincial plan to clamp down on AirBnB [Globe and Mail, The (Toronto, Canada)]

Airbnb, Inc. - Class A (ABNB) 
The aim of the legislation is to return housing to the full-time rental market. In March, the provincial government shared figures showing more than 19,000 entire homes are listed as short-term rentals. The new rules also require short-term rental platforms such as Airbnb to share data with the province. Local governments can request that a platform remove any listing that does not display a valid business licence. Premier David Eby said the changes will allow the province and local governments to crack down on speculators who are effectively operating mini hotels. ''If you are standing neck and neck with a family that's looking for a place to live and you're trying to do a speculative investment … we are going to tilt the deck every single time towards that family,'' the Premier said. The restrictions have provoked bitter reaction from people who say their livelihoods or retirements depended on the income they made from short-term rentals, which they argue provide a valuable Show less Read more
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