Private Vacation Rental Market for Vancouver 2010 Games

With the Olympic Games coming to Canada inships in Squamish; and,
2010, the vacation rental market in VancouverA proposal to house Whistler workers in
and surrounding area has started to gainconstruction trailers or modified shipping
momentum.containers.
Salt Lake City in 2002 (North America's mostAn additional source of housing supply will come
recent Winter Olympics) saw approximatelyfrom local private homeowners. As of January
220,000 out-of-town visits from athletes,2008, the website Rent 2010 identifies more than
members of the press, Olympics officials, and30 Vancouver, Squamish, and Whistler
spectators. Assuming a similar number of visitorshomeowners who plan to make their homes (or
arrive in the Vancouver area in February 2010,rooms in their homes) available to athletes,
the local area must now turn its mind to thespectators, and other guests during the period of
challenge of satisfying short-term housing demand.the 2010 Olympics.
Event venues for the Winter 2010 Games spanHow much will a private vacation rental cost?
about 120 kilometers from Richmond (south ofAs of January 2008, twenty-five of the Vacation
Vancouver) to Whistler (a two-hour drive north ofRental Listings set an asking price. The average
Vancouver). While Vancouver is a large populationnightly price for this sample was $343 per
center with many hotels, smaller centers will needbedroom (Canadian currency). Eighteen of these
to turn to creative housing solutions. Proposals tovacation rentals are in or around the city of
date have included:Vancouver itself, and showed an nightly price of
A proposal for short-term lodging aboard cruise$268 per bedroom.