London’s decision to licence Airbnb, Vrbo, and other short-term rentals has already had a chilling effect on the industry. “We’ve made the decision to close our business, sell other portions of our business off,” says Adam Wayland as he packs his belongings in preparation to sell his home in east London, Ont.
City hall may soon clamp down on short-term rentals offered on websites like airbnb and Vrbo, based on concern about nuisance complaints and the housing crisis.