The BC government rolled out an ambitious policy, and now that it is public, people have a lot of questions about how it is going to roll out. Our place up at Saratoga Beach is a good example. Black Creek wanted it commercial for short term rentals to increase tourism but it is individually owned, so is that going to be considered illegal now?
The good news, this may be a great opportunity for those thinking about buying a small condo as a home or their first investment for long-term rentals.
Under the new rules, if passed as planned in May 2024, British Columbians will legally only be able to rent out a primary residence and one more additional secondary suite as a short-term rental. This new announcement was unexpected and may impact you in unintended ways , please reach out if I can help provide feedback or advice based on your personal circumstances.