B.C. Government Approves Legislation to Regulate Short-Term Rental Market

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The provincial government has given final approval to a law that will regulate the short-term rental market in British Columbia. The law includes increased fines for non-compliance and requires all providers to register their accommodations. However, proposed amendments to narrow the definition and allow exemptions were rejected.

The provincial government gave final approval Thursday to legislation that will regulate the short-term rental market across the province.

“The B.C. government has a strong opinion in regards to where the short-term rental industry stands and it being a problem for the affordability crisis,” said Jordan Deyrmenjian, founder of Vancouver-based Artin Propertie, which manages 160 short-term rentals across Metro Vancouver. B.C. United leader Kevin Falcon said the party has heard from many people who rely on short-term rentals for various reasons, including nurses and doctors who spend one or two months in communities across B.C., including Vancouver, for work. Falcon said the film industry will be “hammered” by the policy because there will be a fewer short-term rentals for film crews.

 

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France Dernières Nouvelles, France Actualités