Many Parksville property owners are breathing a sigh of relief after the B.C. government granted an exemption for the popular resort community just over a month before new provincial short-term rental regulations take effect.
He credited Kahlon and Housing Ministry staff for “keeping an open mind and seeking more information” about the situation in Parksville, which doesn’t have enough hotels and motels to meet demand. On Wednesday, the province outlined the criteria for exemptions for “strata hotels” and “strata motels,” individually owned strata lots where accommodation is provided in a manner similar to a hotel or motel that are often rented out by the strata hotel or motel, not the individual owner.
Newly constructed strata hotels and motels occupied on or after Dec. 8 need to fulfil all requirements. Residential buildings that do not meet the criteria won’t be exempt from the principal-residence requirement, the province said. Judy Thomas of the Resort Drive Advocacy Group, which represents property owners and businesses along Parksville’s Resort Drive, welcomed Wednesday’s announcement, but plans to remain watchful until exemptions are formally approved in April.
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