Airbnb issue tough nut to crack for Victoria city council (BC)

Rental vacancy rates near zero, along with a mounting lobby from strata councils and the hospitality industry, is bringing increased pressure on Victoria city council to limit online platforms such as Airbnb.   Hotel managers and tourism representatives have spoken to council, saying that they not only make for an unlevel playing field and cut into their revenues, but that the loss of condos and basement suites to the short-term rental market means many of their employees can’t find a place to live.  These complaints are coming at the same time the market is growing.   Read the article……………

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