B.C.'s short-term rental rules not needed in Alberta, according to those trying to fix housing crisis

British Columbia's provincial government implemented new rules to limit short-term housing at the start of May.

Under B.C.'s new rules, a host can still rent out a primary residence as well as one "additional unit, secondary suite or laneway home" on the same property. "I can tell you there are 19,000 families and individuals that are looking for a place to live … right now that are in competition with people who are looking to operate homes like hotels," Premier David Eby said.A University of Calgary report says there were more than 1,500 short-term rentals that were permanent listings in July 2023.

In Canmore, the median assessed value of a property is more than $1 million and a single-family home is nearly $1.4 million, according to Mayor Sean Krausert. The University of Calgary short-term rental market report says the short-term rental market is under control but "now is a good time to review regulations to ensure that it stays this way.""I would suggest that we keep an eye on that and potentially introduce legislation if we feel like that's potentially getting out of control," Reid said.

'Wanting everybody to feel comfortable and welcome': Alberta couple killed in highway crash remembered 'Unequivocally false': Sask. premier says of legislative Speakers' claims of harassment, intimidationFirefighters responded to a scene on the 300 Block of Herold Road Friday morning after a car collided with an apartment building.The federal government has denied Toronto's request to decriminalize simple possession of small amounts of drugs for personal use.

Source: Real Estate Daily Report (realestatedailyreport.net)

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