Vancouver Home-Share Violators to Face C$1,000-a-Day Fine

Operators of unlicensed short-term rentals in Vancouver will face a C$1,000-a-day ($795) fine starting in September as part of an agreement with Airbnb Inc. to tighten regulations on home sharing in Canada’s most expensive property market. The city’s deal with Airbnb will require hosts to display a business license number on ads showing the unit is legally approved for short-term rentals. The San Francisco-based operator accounts for roughly 88 percent of Vancouver’s 6,600 short-term rental listings, according to city officials. -- More...

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