In the BC Rental Market Newsroom, Vancouver Condo Rentals excerpts and links to stories about the property rental market in BC. Opinions expressed within are those of the original source.
Update: B.C. government takes aim at short-term rentals with steeper fines
By ,
October 16, 2023
The goal is to discourage landlords and investors from taking desperately needed suites off the long-term rental market by listing them on websites like Airbnb and VRBO
B.C. is aiming for rule-breaking short-term rental operators with a proposed law that would increase fines and ban most short-term rentals that are not in the operator’s principal residence.
The goal is to discourage landlords and investors from taking desperately needed suites off the long-term rental market by listing them on websites like Airbnb and VRBO. But housing officials acknowledge that almost 50 percent of short-term rental operators are already flouting bylaws that exist in local communities.