Owners of AirBnB permitted condos often enjoy ROIs (Return On Investment) at twice the rate of traditional rentals and in many cases even more. It all depends on location, location, location. Therefore, downtown Vancouver locations are usually more attractive/profitable than suburban locations.
Generally speaking, the short-term rental market is booming compared to long-term rentals. Coming out of the pandemic, travel is enjoying a fresh upward trend, leading to travelers booking more Airbnb properties. On the other hand, long-term rentals are experiencing the opposite. The many people who lost their jobs during the Covid-19 lockdowns are still trying to recover financially before entering into long-term leases. Source: iGMS North Vancouver.
The arguably most important factor in the decision making process of buying an AirBnB condo is the by-law of each building. In particular, how
AirBnB-safe the building by-laws are. An expert and licensed Realtor such as Bernie Bogner can certainly be of great help in order to make the right decisions.
AirBnB permitted condos can be either permanently rented out to short term renters or periodically occupied by the owner. For example by snowbirds.
A short-term rental can only be operated from your principal residence – the home where you live, as an owner or tenant
A short-term rental can only be operated from your principal residence – the home where you live, as an owner or tenant
Your support is greatly appreciated.
If you are aware of any AirBnB permitted buildings that are not included in the list above or of by-law changes with regard to the buildings above please contact us or text or email. Thank you so much.
Please note:
- During Bernie's 35+ years in the real estate industry he helped over 1,000 clients buy and sell their homes, including AirBnB condos.
- Consequently, just a few Realtors out of 15,000 in Vancouver are more experienced and have more intimate knowledge of the
- marketplace than Bernie..
- Please contact if you would like us to put you on the list for every new AirBnB arrival. .
City of Vancouver - Short Term Rental Information
The following information is taken directly from the City of Vancouver website:
Effective September 1, 2018, all short-term rental operators in Vancouver must have a business license and include their license number in all online listings and advertising, or they may be subject to fines up to $1,000 per offence.
A short-term rental can be an entire home, or a room within that home, that is rented for less than 30 consecutive days at a time.
A short-term rental can only be operated from your principal residence – the home where you live, as an owner or tenant, and use for bills, identification, taxes, and insurance.
Short-term rentals are only permitted in secondary homes or basements suites if the operator lives there full time.
All short-term rental operators must have a valid business license and include it in all online listings and advertisements.
Your strata bylaws or landlord must permit the use of short-term rentals in your home before you apply for a license.
Non-compliance may result in fines of up to $1,000 per offence.
Costs & Applying
The short-term rental business license has an application fee of $60 + an annual fee of $104 (for 2022).
Please visit: What makes a good agent a top Realtor?
