City of Prince George councillor supporting short term rental opt out

City of Prince George Coun. Cori Ramsay says she supports council's unanimous opposition to the province’s new Short Term Rental Accommodation Act, despite the city not being eligible to opt out.

In the blog post, Ramsay said she questions the data supplied by Canada Mortgage and Housing Corporation, which shows rental vacancy rates were 3.7 per cent in 2022 and 2.8 per cent in 2023 "Essentially, right off the get-go, CMHC excludes a significant number of properties – 23,755 to be exact – from the Housing Survey which looks at things like market rents and vacancy rates," Ramsay writes.

"The reasoning from CMHC is that the data is suppressed to protect confidentiality or the data is not statistically reliable. Given that it was listed in the previous year, I believe there to be a strong likelihood that the data is not reliable rather than being omitted due to confidentiality," writes Ramsay, noting just nine percent of renters reported being in row housing to the city.

Source: News Formal (newsformal.com)

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