Thousands of short-term rentals operating illegally in B.C., data shows

2 months ago

'Short-term rental norm concerns for B.C. spot owners'

2:12 Short-term rental norm concerns for B.C. spot owners

With caller provincial regulations severely limiting short-term rentals, galore spot owners find themselves connected nan losing extremity of nan law. They're trying to unload properties they tin nary longer database connected Airbnb and VRBO, starring to a occurrence waste of sorts successful nan condo market. Kylie Stanton reports – Jan 11, 2024

New information from nan B.C. authorities shows thousands of short-term rentals person been operating illegally.

Seven communities crossed nan state require short-term rentals to run pinch a business licence.

According to nan province, location are 22,000 listings successful those areas but astir 11,000 are operating without that permit.

The information comes from caller authorities that requires platforms for illustration Airbnb to stock accusation connected listings.

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“We’re seeing acold excessively galore properties aliases homes successful our communities bought by investors and utilized arsenic short-term rentals, truthful portion of nan enforcement is fines up to $5,000 a time for anyone operating illegally, and for nan platforms up to $10,000 a time if they do not region listings that we’ve asked them to remove,” B.C.’s Housing Minister Ravi Kahlon said.

Kahlon said a provincewide registry to way nan rentals will spell unrecorded by nan extremity of nan year.

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