New Rules to Regulate Short-term Rentals

Oct 27, 2023

The BC government has taken action towards regulating the rapid growing short-term rental market. More than 16,000 homes in BC are being used as short-term rentals for the majority of the year, making it more challenging to find affordable long-term rentals.⁠

The new law has increased fines for non-compliance and will require all providers of short-term rental accommodation to register their principal residence information, beginning May 1, 2024.⁠ These new rules are intended to:⁠⁠

While some inventory will likely go back to long-term rentals, this change may compel some owners to sell. Do you think this will make an big impact towards tackling the Vancouver housing crisis?

By: Vanessa Van Slee