An Edmonton councillor wants the city to introduce tougher short-term rental accommodation rules.
Michael Janz has joined a growing list of local, provincial and federal leaders who want to reduce STRs to help increase Canada’s rental housing supply. He has introduced a motion that would prevent STR operators from renting out their homes for more than 90 days per year.
“Housing should be for homes. If you want a hotel, you should build a hotel and pay commercial tax like a hotel, not use rental stock in apartments for this purpose,” Janz told Global News.
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.