Short-Term Rentals
Posted by Stephen Foster on
Upcoming New Legislative Changes
There are new provincial and municipal legislative changes coming soon related to short-term rentals. The province defines short-term rentals as accomodations rented out for a period of less than 90 consecutive days. The new rules will apply to cities with a population of 10,000 or greater. British Columbia's provincial rules allow each municipality to determine their specific regulations and bylaws.
There is much debate about whether tightening the current rules in place will improve the rental market situation.
The BC goverment issued a news release on Oct.16th, 2023 regarding the introduction of legislation to regulate the short term rental market. The purpose for this amendment is an attempt to alleviate…
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