Short Term Vacation Rentals - Good or Bad

There is quite a bit of controversy over Short Term Vacation Rentals (STVR) , commonly referred to as Air B n B.
Concerns from the government, include the fact that these are commercial businesses, competing against hotels. Yet most do not pay commercial taxes, and are paying lower property taxes as if they are residential properties. Some municipal politicians are saying that condominiums and secondary suites, that used to be rented to long term tenants are now being rented out as vacation properties, resulting in a shortage of residential accomodations.

The City of Victoria is currently looking at this issue, and is proposing changes to current zoning, and the creation of bylaws to regulate this.
To quote from an August 28 City memo: "To date, no formal public engagement on this matter has been undertaken; however, since Council began considering these issues in 2016, hundreds of items of correspondence have been received at the City expressing a broad range of opinion on the issue of rezoning and the acceptance of STRs in general."

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