Source: StarMetro Vancouver
Author: Jen St. Denis
VANCOUVER — Vancouver city council enacted a new city bylaw Wednesday that legalizes renting out properties for less than 30 days, and includes measures designed to safeguard long-term housing stock.
Starting April 19, property owners or renters who have their landlord’s permission will be able to apply for a business licence through a new online application the city has designed to make the process as easy and fast as possible. The licence costs an initial $56, and successful applicants must then pay an additional $49 per year.
Under the new rules, people who own or rent will be able to short-term rent the residence where they live full-time; that requirement applies to basement suites and laneway houses.
The city is defining a principal residence as “where the operator resides for more than 180 days of the year and receives mail.” People who pay Vancouver’s tax on empty homes cannot operate short-term rentals at those properties, according to the city.