With the Vancouver 2010 Winter Olympic Games drawing near, spectators are now considering their lodging options. The majority of Olympic spectators will stay in hotels. However, others will seek to rent self-catered houses or condos instead.
With today’s information technology, it has become possible for a visitor to arrange to rent a private house directly from its Canadian owner. Canadians have responded to this trend by offering their homes for rent during the 2010 Olympics.
When thinking about renting out a home for the Vancouver 2010 Winter Olympic Games, most Vancouver residents are somewhat unclear about market pricing. Certainly, hotel room rates (which will account for most Olympics accommodation) are a factor to consider. However, hotel rates have not yet been announced, and hence the only available “pricing benchmark” is the asking rates of other owners.