An issue that has driven the housing crunch in a number of markets both large and small across the province.
The issue of Air BnB's and such is not as large an issue in Prince Rupert as it is places such as Vancouver, Victoria, Kelowna and other communities on Vancouver Island.
At this point, Prince Rupert's larger issue is a lack of any kind of rental accommodation, with renovictions and delays in building new units the more dominant concerns.
Elsewhere however, the short term rental practice has served to drive higher rents, as well as to bring high levels of homelessness for many communtieis.
"The short-term rental market is creating serious challenges in B.C. and around the world. Operators with multiple listings are taking homes off the long-term market to make big profits while people pay the price – it can’t go on like this. The legislation is comprehensive and designed to target areas with high housing needs. It's strong action and a thoughtful approach to tackle the growing short-term rental challenge and deliver more homes for people.” -- Ravi Kahlon, Minister of Housing.
The legislation introduced by the Housing Minister is focused on three key elements:
Increasing fines and strengthening tools for local governments;
returning more short-term rentals to long-term homes; and
establishing provincial rules and enforcement.
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