While many cities are requiring permits for short-term rentals, others have banned them altogether and others have done nothing to address the issue at all.
Changes include a moratorium on some new rentals when the vacancy rate drops below 2.5 per cent.Calgary city council is considering recommendations to regulate short-term rentals, including a moratorium on new non-primary residence licences when the city’s rental vacancy rate is below 2.5 per cent. Calgary city council will consider proposed changes to the way short-term rentals are regulated, in an attempt to stave off some of the problems seen in other Canadian jurisdictions.
Gillian Petit, a senior research associate with the University of Calgary's economics department and one of the report's authors, told CBC News that number is still much too low to have an impact on housing affordability. She describes the proposed changes as a "nuanced approach," which responds to constituent concerns about short-term rentals without over-regulating them.As far as the moratorium on new licences is concerned, Mian points out it would not apply to Calgarians who are renting out part of their home.
"I think they strike a nice balance … between where we are with housing affordability and the state of the short-term market right now," she said.
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