'Anyone who's looking for an affordable place to live knows how hard it is, and short-term rentals are making it even more challenging,' Premier David Eby said,
The B.C. government is cracking down on the short-term rental market in the province, which includes those listed on Airbnb.The laws are being put in place to crack down on a massive increase in vacation rentals by owners.
“Anyone who’s looking for an affordable place to live knows how hard it is, and short-term rentals are making it even more challenging,” Premier David Eby said, Data indicates that more than 16,000 entire homes are being listed as short-term rentals for the majority of a calendar year.The new legislation is a complex set of rules including providing significant power to municipalities to either add stricter rules or to avoid enforcing private enterprises providing short-term rentals.
“The legislation is comprehensive and designed to target areas with high housing needs,” BC Housing Minister Ravi Kahlon said.
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