B.C. Short-Term Rental Law

VICTORIA (Rajeev Sharma)— One year after British Columbia’s landmark short-term rental regulations took effect, the province finds itself balancing two competing realities: a modest easing in housing pressures and growing concern over the collateral damage to tourism and affordability.At the heart of the policy is a simple goal — turn vacation rentals into permanent homes. The province's 2024 rules limit short-term rentals to principal residences or attached units like basement suites and laneway houses. Hosts had until May 1 to register, or risk steep $5,000-per-day fines and delisting from rental platforms.Housing Minister Ravi Kahlon is calling it a win. Listings…