Skip to content

Council wants out of province’s short term rental legislation

Prince George city council voted Monday to send a letter to the province requesting an exemption from new short term rental rules. The letter also suggests that data the province is relying on is not statistically reliable.

Council received an update on the province’s new Short Term Rental Accommodation Act following a motion in early December that asked staff to seek feedback from the tourism and housing sectors to prepare options for response, including the option to opt-out of the act.

The act regulates short-term rentals and will limit short-term rentals to a host’s principal residence. The act will take precedence over all local regulations and the most notable changes will come into effect on May 1, 2024.

The province has provided an option to opt-out of the Principal Residence Requirement; however, the rental vacancy rate for Prince George as currently reported by CMHC may not meet the minimum requirement needed to seek an exemption (which is vacancy rates three per cent or greater for two consecutive years).

Leave a comment

Your email address will not be published.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