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via:https://www.theglobeandmail.com/news/british-columbia/vancouver-limits-short-term-airbnb-rentals-in-laneway-houses-basement-suites/article36973446/

Vancouver has become the first major city in Canada to regulate short-term housing rentals such as Airbnb, a move the mayor hopes will yield more long-term rental housing in a city with a vacancy rate close to zero.
Vancouver city council voted on Tuesday to restrict short-term rentals of suites that are not principal residences. Of the 6,000 short-term rentals listed in Vancouver across multiple home-sharing websites, the city has estimated at least 1,000 are not principal residences and could be freed up for long-term renters.
"We want to be sure we get as many of those back into long-term rentals as possible," Mayor Gregor Robertson said after the vote.
The 7-4 vote followed a heated debate with some councillors warning some homeowners would be unable to pay their mortgages without the added income from Airbnb.
Mr. Robertson described the city's approach as "balanced." He said it would free up more long-term rental stock but also recognize those who rely on extra income from short-term rentals in their own homes.
The new regulations will come into effect on April 1. Hosts must buy a business licence that costs $49 annually, plus spend $54 on a one-time application fee and display their licence number in the online listing. Those who fail to comply will face a $1,000 fine per violation.


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