Airbnb, Expedia Opt to Stay in Vancouver Under Restrictive Rules

Airbnb Inc. and Expedia Inc.’s HomeAway unit will continue to operate in Vancouver even as the city passes restrictive rules on short-term home rentals amid rising housing prices. The two companies confirmed in separate statements that the vote, which will be announced later Tuesday, will recognize and regulate home-sharing in Vancouver. “While some families will be excluded from home-sharing we’re looking forward to continuing to work with the city through the regulation process,” said Lindsey Scully, a spokeswoman for closely held Airbnb. Under the new rules, many Airbnb and HomeAway properties will be banned.