The City of Calgary has launched a short-term rentals study as temporary lodgings face more regulation and scrutiny across Canada.
The city announced Tuesday that it is partnering with the University of Calgary on the research project. Ulrik Seward, the city’s business and building safety manager, said the study aims is to uncover issues and opportunities surrounding STRs and ultimately to help officials develop an “evidence-based policy framework” adaptable to market conditions.
Until year-end 2023, Calgarians will be encouraged to complete an online survey about STRs, while the U of C will engage with several interested groups, including STR operators. A final report and recommendations will be presented to city council in 2024.
Surrey, B.C. Mayor Brenda Locke wants the Vancouver suburb to curb STRs in conjunction with the B.C. government’s new legislation covering them. Meanwhile, federal Finance Minister Chrystia Freeland has applauded the B.C. government crackdown.
Freeland says Ottawa is examining how it can convert STRs into more long-term rental housing units.
Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate.
Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s.
In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star.
Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.