The provincial government gave final approval Thursday to legislation that will regulate the short-term rental market across the province.
“The B.C. government has a strong opinion in regards to where the short-term rental industry stands and it being a problem for the affordability crisis,” said Jordan Deyrmenjian, founder of Vancouver-based Artin Propertie, which manages 160 short-term rentals across Metro Vancouver. B.C. United leader Kevin Falcon said the party has heard from many people who rely on short-term rentals for various reasons, including nurses and doctors who spend one or two months in communities across B.C., including Vancouver, for work. Falcon said the film industry will be “hammered” by the policy because there will be a fewer short-term rentals for film crews.
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