Skip to content

City looks at opting out of province’s short term rental plan

Prince George city council approved a resolution that directs staff to seek feedback from tourism and housing sectors to prepare options for response, including the option to “opt-out” of the proposed provincial Short-Term Rental Accommodations Act.

The act, which the province announced in October in response to the growing housing crisis in B.C., is designed to “to regulate the rapidly expanding short-term rental market.”

Under the act, people in communities with more than 10,000 people would not be allowed to buy multiple houses for use as a short-term rental, but they would still be allowed to rent out their primary residence or a basement suite. When regulations are released, it is intended that communities with a vacancy rate over three per cent  may request an exemption from the principal residence requirement.

Leave a comment

Your email address will not be published. Required fields are marked *

One thought on “City looks at opting out of province’s short term rental plan”