Vancouver is moving toward bylaws that will completely ban Airbnb for non-owner occupied residences. This means that people will no longer be able to buy apartm

Vancouver is moving toward bylaws that will completely ban Airbnb for non-owner occupied residences. This means that people will no longer be able to buy apartments completely for creating a business out of renting them out on Airbnb permanently like a hotel. I recall a study that estimated 70% of Airbnb Vancouver revenue was coming from these sort of professional Airbnb businesses that will now be outlawed. I think there's significant danger for Airbnb here in how major tourism cities with ultra low vacancy rates such as Vancouver are clamping down on the service.