Following a public hearing on Tuesday night, the definition of a short-term rental in Vancouver will change from less than 30 days to less than 90 days.
Some people who invested in short-term rentals in B.C. say they've taken a big financial hit since new provincial regulations came into effect last month. They have now been given their day in court, pushing back against the government's move to free up permanent housing for the growing population. Richard Zussman has the story – Jun 17, 2024The City of Vancouver approved updates to its short-term rental policy, aligning it with the B.C. government’s Short-Term Rental Accommodations Act.
“Long-term rental licence holders who are currently renting their property for periods between 30 to 90 days will need to either apply for a short-term rental licence, provided they meet all, or extend their rental terms to more than 90 days and continue to operate using their long-term rental licence,” the city said in a statement on Wednesday morning.
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