BOOKING.COM - Hosts cancel bookings to increase holiday home price

I had finalised the booking for my stay in Capetown on booking.com early in October. I recently found out that the host has cancelled the booking. The host stated that they want to do some renovations between the 24th Dec and 29th December. Her name is Jasmine Adams. Now I am stuck with nowhere to stay with limited options at 2 times the price.

The same property that I had booked has been listed back today at twice the price. Booking.com rather than punishing such hosts encourages such behaviour by allowing the re-listing.

They sent me an email that I will be re-imbursed in 14 days and thats it. I HAVE BEEN LEFT WITH NOWHERE TO STAY AND HAVE TO WAIT FOR 2 WEEKS TO DO MY ALTERNATE BOOKING.