All posts by VCI Admin

Airbnb goes legit

Vancouver has approved regulations around short-term rentals and announced fees:

new rules take effect April 1, 2018

owners can rent out part or all of their principal homes; no secondary homes, secondary suites and laneway homes

must pay $49 annual license and one-time $54 activation fee

transaction fee of up to three per cent will be levied by AirBnb and remitted to the city

Read the full article here.

Friday Free-for-all! November 10th 2017

Its the end of another week and that means it’s time for another Friday Free-for-all!  This is our regular end of the week news round up and open topic discussion thread for the weekend.

Here are a few recent links to kick off the chat:

– can’t afford to work in Vancouver? 

Fed rate rises?

everything is fine

avert the next crisis

So what are you seeing out there?

Post your news links, thoughts and anecdotes in the comments below and have an excellent weekend! 

City warns owners to declare empty homes

Vancouver is reminding home owners that they have the responsibility to fill in tax forms on any vacant homes they own by Feb 2nd or face a fine. A lack of declaration nets a $250 fine and a false declaration nets a $10,000 fine.

It affects any property that is not a principal residence and is not occupied for six months a year.

Robertson says property owners can expect to receive instructions in the mail starting this week on how to make their declarations.

Read the full article here.