Short Term Rentals in Nanaimo
The Affordable Housing Discussion Paper, which provided the research to support the Affordable Housing Strategy’s policy recommendations, found that there were 416 homes or rooms advertised for short-term rental in Nanaimo towards the end of 2017. More recent, 2018 Air DNA statistics indicate up to 620 short-term rental listings in Nanaimo. Over two-thirds of those listings were for an entire home, with the remainder listed as private room rentals. Eight-six percent of entire home listings were rented for less than half a year, 61 percent for less than 90 nights a year.
Tourism Nanaimo’s Summer 2017 profile reported that ten percent of Nanaimo visitors who stayed overnight stayed in a vacation rental or guest house. The average length of stay is 5.1 days. A profile for 2018 and 2019 have not yet been completed. Nanaimo’s current rental vacancy rate of 2.4% (November 2018) is well below the 5% threshold indicator of a healthy rental housing market. This demonstrates that there is a continued need for more long-term rental housing in Nanaimo
Bed and Breakfast
Section 16.6 of the Zoning Bylaw defines a Bed and Breakfast as the “partial use of a single residential dwelling for transient tourist accommodation in which rooms are rented on a short term basis, and may include the provision of breakfast served on the premises.” This definition specifically excludes the rental of accommodation to one party for more than 14 days. Bed and breakfast facilities may be established in any single residential dwelling, as long as the dwelling is a permitted use and the operator lives in the dwelling unit. There is a limit on the number of guests and rooms permitted, depending on the zoning of the property. Bed and Breakfasts do not currently require a business license in the City of Nanaimo.