Early this week the province announced their Short-Term Rental Accommodations Act.
GOOD LINK FOR DETAILS
From the Ministry of Housing:
The legislation focuses on three key areas:
- increasing fines and strengthening tools for local governments;
- returning more short-term rentals to long-term homes; and
- establishing provincial rules and enforcement.
Changes to how short-term rentals operate will come into effect through a phased-in approach and will include:
Increasing fines and better tools for local governments:
- increasing fines for operators breaking local rules to support local municipal bylaws, and requiring short-term rental platforms to share data to strengthen local enforcement;
- requiring online short-term rental platforms to share their data with the Province, so the Province can provide that information to local governments for enforcement and support of provincial and federal tax auditing;
- requiring short-term rental platforms to include businesses licence numbers on listings where they are used by a local government, and to remove listings without them quickly to ensure local rules are being followed; and
- giving regional districts the ability to issue business licences so they can more effectively regulate short-term rentals in rural areas.