Property owners fight new short-term rental rules in Victoria court

A group of property owners is in B.C. Supreme Court in Victoria this week challenging the province’s new rules restricting short-term rentals.

The West Coast Association for Property Rights launched legal action in response to legislation that came into effect May 1 and bans most short-term rentals unless they are in an owner’s principal residence. A short-term rental unit can only be in a secondary suite or an accessory dwelling unit on the property.

The goal of the new rules is to return the units to the long-term rental market to help alleviate the shortage of affordable housing in the province. The legislation sparked an outcry from many condominium owners, who said they purchased what many consider retirement homes or income generators before the rules came into effect.The court case began Monday and is scheduled to run for five days in B.C. Supreme Court in Victoria.It’s asking for an order or injunction prohibiting the City of Victoria from cancelling business licences for short-term rentals, and a ban on the municipality enforcing bylaws affecting short-term rentals.

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Property owners fight new short-term rental rules in Victoria courtThe West Coast Association for Property Rights wants to see previous rights to operate legal short-term rentals reinstated
Source: timescolonist - 🏆 15. / 75 Read more »

Real estate plays: Camden Property vs. Essex Property TrustOn today's Good Buy or Goodbye segment, host Julie Hyman is joined by Wedbush Securities Managing Director of Equity Research Richard Anderson to...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

City of Victoria provides $1.8-million to fund ‘hub’ of supports for homelessVictoria to build 5,200-square-foot property to support homeless population
Source: globeandmail - 🏆 5. / 92 Read more »

Victoria OKs supportive housing facility in Vic West; ‘slap in the face,’ some residents sayNeighbours told council they were concerned a permanent supportive housing project would increase drug use and criminal activity in the area
Source: timescolonist - 🏆 15. / 75 Read more »

China’s factory output disappoints, property sector shows no signs of easingApart from retail sales that topped forecasts due to a holiday boost, the flurry of data on Monday was largely downbeat, underscoring a bumpy recovery for China
Source: globeandmail - 🏆 5. / 92 Read more »

China Property Drag Is Getting Worse, Factory Output Disappoints(Bloomberg) -- China’s housing slump deepened in May and triggered new calls for the government to pump cash and credit into the economy, while industrial...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »