B.C. premier to make announcement on short-term rental rules
CTV
The B.C. government will be making an announcement Thursday about incoming short-term rental rules.
The B.C. government will be making an announcement Thursday about incoming short-term rental rules.
Premier David Eby and Ravi Kahlon are expected to provide more details about the rules that come into effect May 1.
The B.C. NDP government's Short-Term Accommodations Act includes a principal residence requirement for short-term rentals, meaning people will only be able to rent out the home where they live for the majority of the year.
Renting out one secondary suite within a principal residence will also be allowed.
When the legislation was announced, officials estimated there were 28,000 short-term rentals operating across the province, including a significant number run by for-profit operators.
Under the province's regulations, the penalty for illegal operators will increase from $1,000 per infraction, per day, to $3,000.
In addition, regional districts – which currently do not have the authority to license or regulate businesses – will be allowed to license and regulate short-term rentals.
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