BC is rolling back its own short-term rental rules — for some cities
BC just announced that eligible municipalities with healthy rental vacancy rates can opt out of the provincial rules that restrict short-term rentals to principal residences, helping meet summer tourism demand. A special one-time regulation will also allow Kelowna to opt out effective June 1, recognizing major events planned this summer. The province introduced those STR restrictions in 2024 to push units back into the long-term rental market. Now it’s quietly carving out exceptions. If you own a short-term rental in an exempt city, your math just changed.
BC rents are down 12% from their peak
Purpose-built apartment and condo asking rents in BC are down 12.2% from their August 2023 peak. Vancouver has seen the largest three-year decrease among major markets at 14.1%, with Richmond down 16.5%, and Coquitlam down 11%. This is the direct result of the provincial government’s housing supply push. Good news for renters. Complicated news for investors who underwrote purchases on 2022-era rent assumptions.
Your Cat and Dog Called. The Strata Said No.
11% of Burnaby condo buildings ban cats and dogs. Take Edgewood Place, great location, well-managed, and not a paw print allowed. Check the strata bylaws before you fall in love with a listing. Zealty shows pet restrictions right on the page.
Someone bought this Chilliwack rancher at the peak of the pandemic market and sold it four years later for $540,000 less. No renovation story. No value-add play. Just a very expensive lesson in timing.
Someone bought this Chilliwack rancher at the peak of the pandemic market and sold it four years later for $540,000 less. No renovation story. No value-add play. Just a very expensive lesson in timing.
Zealty lets you sort listings by how the current price compares to what the property last sold for. If a home sold for $1.2M in 2022 and is now asking $980K, you’ll find it. Before anyone else does.
Zealty lets you sort listings by how the current price compares to what the property last sold for. If a home sold for $1.2M in 2022 and is now asking $980K, you’ll find it. Before anyone else does.
This Panorama Ridge estate is large enough that the listing agent recommends a walking tour, not a walkthrough. If you’ve ever wanted a home where guests get genuinely lost on the way to the bathroom, this is your moment.
Hamidreza leads the editorial process behind Zealty’s content. He works directly with the team to shape everything from market reports to general real estate guides into clear, reliable, and decision-focused pieces.
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