Calgary city council is preparing to vote on new regulations for short-term rentals amid a tight rental market. Proposed rules include limiting short-term stays to 180 days, restricting rentals in affordable housing, and imposing a moratorium on new rentals if the vacancy rate falls below 2.5%. Licensing for platforms like Airbnb is also being considered. The council aims to balance regulations while addressing housing shortages, with a focus on preventing non-residents from purchasing properties solely for short-term rentals. A debate on these changes is scheduled for later this month.
Continue to full article
Leave a Reply