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The province is in the process of making regulatory changes to stratum properties to crack down on vacation rentals.
Under the new regulations, which will come into force on November 30, companies will be able to impose fines on homeowners. failing to comply with short-term rental prohibitions up to a maximum of $ 1,000 per day
Currently, strata may adopt bylaws prohibiting short-term tenancies, with a fine of up to $ 200 per week .
Townhouses sharing common areas are often purchased through a corporation of owners under a title deed.
The owners elect a council that sets policy for the strata.
Securing long-term rental housing
by discouraging owners and owners from turning their properties into short-term rentals.
"We have all heard that tenants lose their homes when the domestic market is used as a short-term rental," said Selina Robinson, Minister of Municipal Affairs and Housing.
"With this change, we can ensure that there is a long-term rental fleet for the people and families who need it."
Robinson also says that short-term rentals can create "unintended consequences" for the people who make their homes. in condominiums, including "unacceptable noise levels, damage to the commons and security issues".
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