Nova Scotia Toughens Short-Term Rental Rules
The Nova Scotia government is toughening its short-term rental rules to increase long-term housing supply.
This fall, the province plans to increase registration taxes on STR operators, such as Airbnb, with new annual fees ranging from $240 in rural communities to $3,600 in the centre of Halifax. Homeowners renting out their primary residences will be charged $10.
Hotels and motels will not be affected.
“We are concerned about the impact short-term rentals have on our housing market, and we are prepared to do more if necessary,” John Lohr, the province’s housing minister, said in a news release. “We want more of these properties used for the long-term housing our communities desperately need.”
The Halifax Regional Municipality implemented new STR rules in September but is proceeding slowly on enforcement. The federal government plans to limit STRs, according to The Globe and Mail.
Meanwhile, the B.C. government is preparing to introduce new rules this fall after STRs soared 19% in the past year.
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