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Vancouver’s short-term rental listings drop by half after new rules introduced

September 11, 2018 The Canadian Press

VANCOUVER – The City of Vancouver says the number of short-term rentals listed online has dropped by almost half since new rules came into effect requiring operators to have a business licence. There are 3,742 active Vancouver listings on sites

News InsuranceLegislation / Regulation

Airbnb asks federal government for regulation

August 20, 2018 Jordan Press - THE CANADIAN PRESS

OTTAWA – One of the world’s largest short-term rental websites is inviting the Trudeau Liberals to create a regulatory regime for the burgeoning industry – something its critics have long advocated and raising pressure on the government to set rules

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Montreal borough votes to restrict Airbnb-style rentals in downtown core

June 13, 2018 The Canadian Press

MONTREAL – A Montreal borough is bringing in new rules aimed at limiting the number of short-term rentals in the city’s downtown core. Councillors in the Ville-Marie borough voted in support of a new motion on Tuesday evening to restrict

News LegalMarkets / Coverages

Airbnb rentals being used for alleged human trafficking: Toronto police

February 22, 2018 Michelle McQuigge - THE CANADIAN PRESS

Toronto police say a recent case of alleged human trafficking is the latest in a growing trend involving people using Airbnb rentals to conduct their illicit transactions. Det. Sgt. Nunzio Tramontozzi said police have seen a surge in such cases

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Four markets for Airbnb coverage

November 20, 2017 Jason Contant, Online Editor

With Vancouver City Council voting to approve new regulations for short-term rentals, including Airbnb, and Toronto considering the move, the question remains: who is insuring these rentals? Stefan Tirschler, product and underwriting manager at Vancouver-based Square One Insurance Services, told

News InsuranceLegislation / RegulationMarkets / Coverages

Newly legalized Airbnb rentals — Who’s insuring them?

November 16, 2017 Jason Contant, Online Editor

Vancouver City Council has approved new regulations for short-term rentals, including Airbnb, legalizing rentals of less than 30 days in principal residences in the city. The regulations, which come into effect April 2018, allow city residents to apply for and

News InsuranceLegislation / RegulationMarkets / Coverages

Regulatory reforms of homesharing services may penalize casual users, Airbnb says

October 26, 2017 Aleksandra Sagan - THE CANADIAN PRESS

VANCOUVER – As Canadian cities continue to wage a regulatory crack down on online home-rental platforms, Airbnb maintains it’s open to regulation provided new rules don’t penalize casual users and recognize not every host runs a full-fledged business. Vancouver and

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Quebec, Airbnb reach agreement to collect lodging tax in the province

August 29, 2017 The Canadian Press

MONTREAL – Airbnb and the province of Quebec have announced what is being called a first tourist tax agreement on short-term rentals in Canada. Quebec Tourism Minister Julie Boulet and officials with the Canadian arm of the home-sharing platform made

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

62% of Canadians “oppose” or “somewhat oppose” banning ridesharing services: poll

July 25, 2017 by Canadian Underwriter

More than six in 10 Canadians (62%) oppose or somewhat oppose banning ridesharing services such as Uber, according to recent polling conducted by Nanos Research. When asked their level of support for banning services like Uber, slightly more than three

News InsuranceMergers and AqcuisitionsTechnology

Platform provider revenues for sharing economy forecast to double in 2022: Juniper Research

July 24, 2017 by Canadian Underwriter

The move by established sectors to press their first-mover advantage looks poised to push growth in the sharing economy much higher over the next five years, reaching US$40.2 billion in 2022, notes a new research report released Monday by U.K.-based

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The Commonwell Mutual Insurance Group launches new policy to protect clients against “home sharing rentals gone wrong”

July 10, 2017 by Canadian Underwriter

Lindsay, Ont.-based The Commonwell Mutual Insurance Group, a home and auto insurance company, announced on Monday the launch of a new policy designed to protect clients against “home sharing rentals gone wrong” on popular sites like Airbnb, FlipKey and HomeAway.

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Toronto considering zoning, licensing and taxation rules for short-term rental platforms

June 13, 2017 by Canadian Underwriter

The City of Toronto will soon consider recommendations to adopt new rules for short-term rental platforms such as Airbnb – which are unregulated – to address concerns ranging from noise to safety and taxation, notes a municipal backgrounder. The Report