Regulations needed around short-term vacation rentals – Kelowna Capital News

The rise of short-term rental accommodations in recent years has provided vacationers with travel accommodation options in addition to hotels, motels and bed and breakfasts.

But these vacation rentals also have the potential to affect the neighborhoods and communities where they are located.

As a result, many councils and local governments are considering policies and regulations for short-term rental accommodation.

Decisions made regarding short-term rental accommodation can have significant implications.

Short-term rental units bring economic benefit to their communities.

Vacationers who book a stay in one of these units will be able to shop at area stores and dine at local restaurants.

Additionally, owners of short-term rental properties will see income from their investment.

The money they earn by running a short-term rental will go back to the community, which will once again boost the economy.

This financial advantage must be taken into account.

However, some vacationers can be loud and disruptive, especially when there are a lot of people renting together.

Noise can affect the quality of life of those who live nearby.

The character of a neighborhood is important, especially for those who are permanent residents.

While these factors are important, a much more important consideration is the effect of short-term rentals on a community’s housing supply.

If homes formerly used as residential accommodation become short-term rentals, this change may exacerbate ongoing housing shortages in communities across the province.

The increase in short-term rentals is not the only factor contributing to housing problems and the lack of affordable housing in many communities, but it is a factor that needs to be addressed.

1Without an adequate supply of housing in a community, businesses will struggle to attract and retain workers.

The impact of a single short-term vacation rental in a community may not be so noticeable, but when many rental units are open, the effects become significant.

Decisions about allowing these rental units are important and should not be taken lightly.

– Black press

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