City of Nanaimo cracking down on short-term, Airbnb-specific rentals
NANAIMO — Airbnb and short-term rentals are the focus of bylaw changes in Nanaimo.
An amended bylaw would target homes which are exclusively used as short-term rentals year round. The governance and priorities committee on Monday, Oct. 26 agreed to require business licenses for all short-term rental properties.
David Stewart, a social planner with the City, told NanaimoNewsNOW increasing the amount of short-term rentals doesn’t increase the below-par vacancy rate and skyrocketing monthly rental costs.
“Folks can generally make a little more money when they’re renting out on a short-term basis, so there’s incentive for property owners to do that. What that does is it takes that housing out of the long-term rental market.”