B.C.’s new short-term rental regulations start May 1 — here’s what we know so far

Travellers who have made short-term rental bookings in B.C. this summer might want to take a closer look at what the province’s new regulations could mean when they take effect on May 1.

5 Things to know about B.C.’s short-term rental rules

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Here’s what we know so far:

What are the new regulations?

Beginning May 1, new rules come into effect that restrict short-term rentals to principal residences and either a secondary suite or what is known as an “accessory dwelling unit,” such as a laneway house, in 65 B.C. communities.

Which communities are affected?

The 65 communities in B.C. that will have to meet new regulations are ones with a population of more than 10,000 people or that are very close to one or more larger communities. The province has identified smaller communities and some tourist destinations that are exempt from the new regulations. These include mountain resorts, B.C. Parks resorts, trust areas under the Islands Trust Act, and farm land. Certain types of accommodation that wouldn’t easily be converted into permanent housing because of their ownership structures are also exempt.

What’s the reaction?

Local governments can apply to be exempt from the list if the community has a rental vacancy rate of three per cent or more for two consecutive years. This year, the deadline for applying for an exemption is Feb. 29. In future years, any changes will be implemented on Nov. 1 and the deadline for applying for them will be on March 31.