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The state government on Monday will unveil proposed legal changes that will make it harder for homeowners to rent short-term living spaces on sites like Airbnb and VRBO.
On Sunday, British Columbia Premier David Eby and Housing Minister Ravi Kahlon held a press conference at 9 a.m. Monday to introduce legislation that will “bring short-term rentals back into people’s long-term housing and provide more tools and resources.” He announced that he would be introducing a proposed amendment. This is to ensure that the rules are followed. ”
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This comes after the City of Vancouver revealed it would increase the cost of a business license to operate short-term rentals in the city from about $90 to $1,000.
As the average rent for a two-bedroom apartment in Vancouver rises to $3,600 a month, the city introduced regulations in 2018 to reduce the number of short-term rentals through websites like Airbnb and VRBO. . rental.ca.
Mr Kahlon said last month that the government was working on legislation that would focus on converting short-term rental suites back into long-term rentals, while gathering more information on short-term rentals from 2021.
In Vancouver, Victoria, and Kelowna, short-term rentals are restricted to primary residences only, and the owner or tenant must also reside in the home. Vancouver is also negotiating with Airbnb (British Columbia’s largest short-term rental operator) to only list Vancouver properties with a Vancouver business license number.
The state government already collects an 11% tax on short-term rentals through the Airbnb platform.
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