With only months to go before Vancouver hosts the 2010 Winter Olympics, the number of homeowners willing to rent out their properties is reaching an all-time high, but the vast majority are not doing it legally.Vancouver, Whistler and West Vancouver have enacted bylaws to allow temporary rental accommodation in private homes, but so far only 47 homeowners have applied for a licence in Vancouver, 21 in Whistler and four in West Vancouver. The licence fee in Vancouver is $106, in Whistler it is $300 and in West Vancouver the cost is $150.
In Vancouver, failure to get a licence could result in a maximum penalty of $2,000............
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