The owners of 22 strata units argue legislation limiting the strata units’ use amounts to expropriation
Owners of 22 former short-term rental units in Victoria have filed nine lawsuits against the province, arguing legislation limiting the strata units’ use amounts to expropriation and owners are due compensation.Provincial rules banning most short-term rentals unless they are in an owner’s principal residence came into effect May 1, prompting an outcry from owners of strata units used for vacation rentals.
As a result of the new legislation, some owners have sold units or rented them out on a long-term basis, which is permitted. Others use their units part-time and leave them empty for the rest of the year, David Langlois, one of the owners in the new group of lawsuits, said Wednesday. Five of the cases represent owners with one unit each, one owner has two units, another has three, one has five and one has seven.
A 601 Herald St. unit is 608 square feet and assessed at $527,000. A 433-square-foot unit at 1310 Waddington Alley is assessed at $461,900.
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