Turning short-term rentals into homes for people is at the core of newly introduced legislation to regulate the rapidly expanding short-term rental market.

For the second consecutive year, B.C.’s maximum allowable rent increase is being set below the inflation rate. The maximum increase for 2024 will be 3.5%.

Changes to the Strata Property Regulation will ensure that people living in stratas with 55+ age restrictions will be able to stay in their homes even if their family structure changes.

The Province’s new housing plan will speed up delivery of new homes, increase the supply of middle-income housing, fight speculation and help those who need it the most.

More renters in B.C. will be protected from housing speculators and profiteers through the creation of a new $500-million Rental Protection Fund dedicated to protecting tenants and preserving affordable rental homes for decades.

British Columbians are encouraged to help shape B.C.’s anti-racism data legislation, so government can better identify existing gaps and create a more inclusive, equitable province.