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The City of Vancouver is planning to ask the province for about $10 million of the total $33.7 million in provincial sales tax that Airbnb says it remitted in the first year of a tax agreement.

That is the estimate of what Airbnb has collected in PST from its short-term rental operators specifically based in Vancouver, according to Kathryn Holm, chief license inspector with the city.

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The province has always earmarked the PST collected from Airbnb for investing in affordable housing, but exactly how and where the money will be spent has yet to be determined.

“We have had some key measures of success” when it comes to regulating the growth of short-term rentals and the impact on affordable housing, said Holm, describing how some of the city’s efforts in the last year have resulted in a higher number of “complying operators.”

And so, “we want to get some of that (provincial sales tax) money so it can be allocated to the city’s own 10-year housing strategy.”