More than 1,500 licenses have been issued by the City of Vancouver to Airbnb hosts. Over 2,000 listings are being investigated due to duplicate listings and no valid license; and could result in penalties.
August 31st is the official dead line to get your license to rent out your place. Unlicensed rentals will face a stiff $1,000 penalty.
Do not think you will not get noticed by the city of Vancouver. As a compromise and a permission to do business in one of the top rental cities in the world, Airbnb went in cahoots with the City of Vancouver, and will be sharing all listings in that city with the City enforcement team.