Tag Archives: BC Ministry of Housing

Housing

Number of Tri-Cities properties cashing in on short-term rentals spikes 45% in year

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Editor’s note: To what extent are we looking at a province wide trend? Is this spike happening in our area, or is it a more urban phenomenon?

By Patrick Penner, Tri-Cities Dispatch, Local Journalism Initiative Reporter

The number of landowners in the Tri-Cities using their properties for short-term rentals spiked 45 percent in one year. 

In August, sites like Airbnb and Vrbo posted 807 active listings for Coquitlam, Port Coquitlam, Port Moody, according to data provided by AirDNA, a market research provider.

That’s up from 446 total listings in August 2022. Despite the number of active listings being halved during the COVID-19 pandemic, overall rental growth still jumped 35 percent since 2018.

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Housing

A remote Canadian island makes history in fight for affordable housing

Canada’s National Observer, Local Journalism Initiative Reporter

A remote Canadian island is breaking ground on a new way to buffer the negative effects short-term vacation rentals have on the housing crisis facing small, rural tourism-based communities. 

B.C.’s Cortes Island is making housing history as the first community in the province to tax short-term holiday rentals and have all the funds directed to affordable housing projects, said Mark Vonesch, the area’s Strathcona Regional District director. 

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Farming, Opinion

Nancy Beach vs the Property Assessment Review Panel

The opinions that follow are those of the person expressing them and not necessarily shared by Cortes Currents, or Cortes Radio.  

The following submission was made by Nancy Beach.

After dealing with BC assessment for 17 years or more, in regard to my small farm on Salt Spring Island, I have come to the conclusion that:

  1. Farm assessments should be administered by the Ministry of Agriculture, not the Ministry of Housing.
  2. The system for assessing farm status needs to be overhauled. It should not be lumped in with assessing the values of residential properties. 
  3. Farmers should be given adequate time to present and debate their cases. 
  4. More people who care about farms should sit on the board of the Property Assessment Appeal Board (PAAB), and the panel of the Property Assessment Review Panel (PARP).’
  5. PARP plan panel members making decisions concerning farms should be well educated about the farm regulations number. Pabst should not charge for their services. 
  6. BC Farmers need an organization to represent them, represent themselves and help defend their interests before the B. C. Assessment when necessary.
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