> that effectively reduces their supply No, importantly, it does not reduce the supply. If you want to apply terms like this, pay attention to how they are def

> that effectively reduces their supply No, importantly, it does not reduce the supply. If you want to apply terms like this, pay attention to how they are defined. Access is not supply, and supply is not access. There is an immense supply of housing in Vancouver, and as much as is possible, AirBnB-facilitated demand (although it's really a tiny fraction of the total demand) puts pressure on the market to increase supply (even if the circumstances make that unlikely to succeed greatly). Whether people living in Vancouver are buying their housing through rental agreements, purchases, or short term rentals like AirBnB, the supply will only tend to increase (just not enough that some of it is "cheap"). For an example of high supply with poor access, just look at the tremendous number of low-quality developments across China with few or no legitimate residents.