Surrey Mayor Brenda Locke wants her city to curb short-term rentals in conjunction with the B.C. government’s crackdown on them, the Surrey Now-Leader reported Thursday.
City council is scheduled to hear her motion October 30, the publication reported.
“This is really for us to make sure that we’re aligning with those provincial regulations,” she said.
Locke’s comments came after federal Finance Minister Chrystia Freeland applauded the B.C. government’s new legislation on STRs.
Ottawa is examining how it can convert STRs into more long-term rental housing units.
The B.C. crackdown on STR activity includes increasing violators’ fines to $3,000 from $1,000 per infraction per day. But Airbnb and the Conference Board of Canada maintain that STRs have not raised long-term rents and are not having a large impact on multi-residential housing supply.
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.