New rules for short-term rentals effective May 1

The Short-Term Rental Accommodations Act took effect today. Among the changes, according to the province, are:

Short-term rentals can only be offered in the principal residence of a host, plus one additional unit, secondary suite or laneway home/garden suite on the property.
Strata hotels and motels that have been operating in a manner similar to a hotel or motel before Dec. 8, 2023, and that meet select criteria moving forward, will be exempt from the Principal Residence Requirement.
Non-conforming use of property will no longer apply to short-term rentals.
Short-term rental hosts will be required to display a valid business licence number on their listing.
Short-term rental platforms will be required to share data with the Province.

If the new rules aren’t followed, fines can be levied ranging from $500 to $10,000 per day, depending on who is operating the rental.

BC Minister of Housing Ravi Kahlon told the Times Colonist that short-term rentals will be available on a smaller scale as the new rules aim to stop people from taking away large numbers of housing units that could serve as homes for people.

New Rules for STRs

Candid conversation with Premier addresses big issues

It’s not everyday that your breakfast conversation includes a candid discussion with BC’s Premier about the major challenges facing business in Greater Victoria.

That was the experience yesterday for 300 people at the Victoria Conference Centre as they were able to nourish their bodies while feeding their minds.

After speaking about the government’s plans to support the private sector and grow BC’s economy, Premier David Eby engaged in a lively discussion with Chamber CEO Bruce Williams about topics submitted by Chamber members.

Community safety is top of mind for many people, and the Premier acknowledged the province is trying to find a solution for challenges facing governments around the world. The recent move to ban drug use in public spaces is an example of how government reversed course on a policy that wasn’t working as intended. The long-term solution is complex, with Eby noting that a continuum of care is required for people experiencing homelessness rooted in mental health or addiction.

Other topics included the province’s plan to avoid disruptions to ferry sailings this summer — something that happened with alarming frequency last year — and how the province can reduce obstacles for builders so that they can increase housing supply.

“The morning flew by and we could have easily kept talking all day,” Chamber CEO Bruce Williams said. “I’m grateful for the Premier’s time and for everyone who chose to enjoy breakfast with us. We’ll keep the dialogue going between business and government and work together to find innovative solutions to the challenges facing our community.”

Photo: https://victoriachamber.ca/event-photos-2024.html#Breakfast-premier-eby

More local municipalities must meet housing targets

On Tuesday, the provincial government released the next round of municipalities facing scrutiny to ensure they are helping increase BC’s housing supply.

The next 20 priority municipalities include the following in Greater Victoria:

Central Saanich
Colwood
Esquimalt
North Saanich
Sidney
and View Royal.

The first list, released last spring, included the City of Victoria, the District of Saanich and the District of Oak Bay. Each community receives a target number of total units that are expected to be built within a specific time-frame. The targets for the latest communities will be made public this summer.

“The Chamber supports efforts to increase housing supply and we continue to advocate for all levels of government to smooth the process for builders so the construction work needed can be done,” Chamber CEO Bruce Williams said. “I’m looking forward to speaking with Premier Eby next week at the Chamber breakfast to hear firsthand how the province is advocating for support from the federal government.”

The Chamber hosts Premier Eby on April 30. Register now to reserve your seat at the table.