The province says short-term rentals have a role in tourism, but B.C.含羞草研究社檚 housing minister will bring in stronger regulations this fall after communities have expressed concerns about the extent of housing they含羞草研究社檙e losing.
含羞草研究社淲e believe there含羞草研究社檚 too much of our housing stock that is right now being used as short-term rental when it could be supporting residents in British Columbia,含羞草研究社� Ravi Kahlon said in an interview.
Victoria is seeing a 28 per cent year-over-year increase in the number of housing units being pulled into the short-term market. Cost analyses done by the capital city, based on data from McGill University, found Victoria renter households are paying an average of $1,150 more every year due to housing being converted to vacation accommodations.
含羞草研究社淚含羞草研究社檓 very concerned. We含羞草研究社檙e in the challenge that we含羞草研究社檙e in when it comes to housing and hearing numbers of that magnitude shifting, it含羞草研究社檚 a significant concern and not only in Victoria, this is a concern that含羞草研究社檚 being raised throughout the province,含羞草研究社� Kahlon said.
While the province believes the short-term market plays an important role in some areas, it含羞草研究社檚 recently heard from tourism-dependant communities who are saying they don含羞草研究社檛 have enough places for their workforce to live.
The capital likely has more than enough capacity to support tourists overnighting in the city without short-term rentals. In May, the number of vacancies at the city含羞草研究社檚 traditional accommodation businesses 含羞草研究社� like hotels, motels and Bed and Breakfasts 含羞草研究社� was more than double (38,409) the nights booked at short-term rentals (19,119).
含羞草研究社淚t is a challenge that provincially we need to take on,含羞草研究社� the housing minister said.
A Union of B.C. Municipalities (UBCM) report commissioned by the province laid out the major challenges local governments are having with short-term rentals. Kahlon said the recommendations from that report will inform legislation changes are coming this fall.
The minister was tight-lipped on what those strengthened regulations would look like but said they含羞草研究社檙e 含羞草研究社渓ooking at everything.含羞草研究社� He did say the coming actions would find a way for short-term rentals to be a part of tourism-reliant areas while also finding ways for housing to come back into the long-term market.
While the short-term stays eat into existing housing in Victoria, where 60 per cent of residents are renters, they could also be impacting the creation of new homes.
Operators must pay 11 per cent in taxes when they register their listing, with most of that going to the provincial actions aimed at improving housing affordability and three per cent going to municipalities for things like affordable housing or tourism initiatives.
Local governments are responsible for tracking down unlicensed listings and Victoria has flagged how a large number of operators are dodging licences and their associated fees. But enforcement has been a double-edged sword, with Victoria indicating it may not be breaking on the revenue it collects 含羞草研究社� which pays for already overwhelmed staff tasked with overseeing the short-term market.
The UBCM report cited by Kahlon found provincial support is needed in two key areas: upping enforcement to ensure all listings are licensed and better data transparency from platforms.
He含羞草研究社檚 been speaking with his counterparts from across Canada about the short-term rental issues and that含羞草研究社檚 included talks with the housing minister of Quebec. That province has recently tabled legislation that would shift responsibility to platforms, like Airbnb or Vrbo, requiring them to make data available to local governments.
Kahlon said it含羞草研究社檚 a concern local governments are seeing unregistered listings and that will be addressed in the policy changes set to come forward when the legislature resumes in October and November.
He含羞草研究社檚 also aware of an issue Victoria has raised around legal non-conforming buildings. Condo units in those buildings have grandfathered-in short-term rental allowances because that use predated the city含羞草研究社檚 bylaws. Victoria含羞草研究社檚 regulations can含羞草研究社檛 block legal non-conforming units from entering the short-term market without provincial legislation changes, and the city said that means hundreds of units could be converted.
City staff also said they regularly get asked for a list of all the legal non-conforming units, mostly by realtors and investors.
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