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Canada  + Cross Border News + Maritimes + Pacific Canada + Quebec  + Apartments  | 
An Edmonton STRs group wants the city to regulate their businesses rather than ban them.

Globe: Ottawa Plans to Limit Short-Term Rentals

The federal government plans to limit short-term rentals to help Canadians reduce their living costs, The Globe and Mail reported.

Two government sources told the Globe that the government is determined to get back on track with a plan approved by cabinet in August to make housing affordability and cost of living the central issues over the coming months with targeted announcements by Prime Minister Justin Trudeau and key ministers.

One initiative could see Ottawa incentivize municipalities to limit the number of Airbnb units through bylaw changes covering long-term STRs, according to the two officials.

The report comes after Bloomberg reported that more Ontario rental-housing landlords are looking to take their properties off the long-term market and list them as STRs to avoid difficulties with tenants and debt repayments

Canadian housing regulators are looking to crack down on STRs to boost rental-housing supply amid a severe national shortage. The B.C. government plans to introduce new STR rules this fall.

Photo: Daniel Krason / Shutterstock.com

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Bosley Real EstateDavelle Morrison

About Monte Stewart

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.

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