Another piece of research by Karen Sawatsky, whom PT has featured before (via Daily Durning) on Community Amenity Charges: “Back and forth on CACs” with Karen Sawatsky.”
Here’s her latest on the impact of AirBnB on rental housing stock in Vancouver:
Note: This post is really far too long (i.e. about 10,000 words, total) for the blog format, so here’s a pdf version with a table of contents but without active links or the data tables, which are only online.
Airbnb listings in Vancouver: How many? What type? Where?
As part of my urban studies master’s thesis research on Airbnb and rental housing in Vancouver, I’ve collected and analyzed some quantitative data on the number, type and distribution of Airbnb listings in this city (and to a lesser extent, for Metro Vancouver). This data hasn’t been publicly available before and I think it’s relevant to various ongoing discussions about housing supply and affordability in Vancouver so I’m posting it (and some comments on it) now, rather than waiting until several months from now when (fingers crossed) I will have completed and defended my thesis. ….
Airbnb listings in Vancouver and Metro Vancouver
Unless stated otherwise, data is for June 1. Most of this information is for Vancouver because that’s the focus of my thesis, but there are some Metro Vancouver figures too.
- The number of Airbnb listings in the City of Vancouver increased by 17% from January 1, 2015, to June 1, 2015 (five months).
– 2,978 to 3,473, for an increase of 495.
- The number of Airbnb listings in Metro Vancouver increased by 19% in that same period.
– 3,888 to 4,628, for an increase of 740.
- Three-quarters of all Airbnb listings in Metro Vancouver are in the City of Vancouver.
– 77% as of January 1 and 75% as of June 1. …
Taking action is within the city’s jurisdiction
To conclude, the city’s housing shortages (of social housing, affordable market rental and affordable ownership options) and the intense public concern over these issues mean that any factors or phenomenon that might affect local housing supply or affordability are worthy of investigation and response, as far as the city’s powers and budget allows. Many of the factors that have created these shortages – and that might mitigate them – are complex and largely beyond the city’s jurisdiction and influence: interest rates, and federal policies on housing, taxes and immigration being some of the key ones. The city does, however, have the ability to influence and respond to the proliferation of STRs and it doesn’t need permission from other levels of government do that.
A lot has been left out of the above, including links to maps and notes. Go here for the full post.
UPDATE FROM KAREN:
Just to follow up on our chat, here are links to the recent media coverage of my thesis. … The coverage is in part due to the fact that Gordon kindly posted an excerpt of my blog post on Price Tags (thanks again!).