US Edition'Throw Tomatoes at Me': B.C. Finance Minister Unapologetic About Short-Term Rental Rules
- B.C. Finance Minister Brenda Bailey outlined the province's budget and economic plans Thursday afternoon while speaking to members of the Kelowna business community during their luncheon.
- The government tightened short-term rental rules because these rentals initially reduced housing available for long-term tenants.
- Bailey noted that recent measures have reduced short-term rental units in the city from around 2,400 down to approximately 700, and emphasized that 36 new hotels are currently being built in the Lower Mainland.
- Bailey emphasized that short-term rentals were not intended to allow property owners to operate like hotels, and she frequently hears from businesses struggling to find employees because affordable housing is scarce.
- These measures aim to return homes to the rental market and support housing priorities while the premier's ongoing trade trip seeks to diversify business opportunities with Asia.
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'Throw tomatoes at me': B.C. finance minister unapologetic about short-term rental rules
Provincial Finance Minister Brenda Bailey waded into unfriendly territory Thursday afternoon, selling the province’s budget and economic strategy to business people at a Chamber of Commerce luncheon.
·Kelowna, Canada
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Lake Country Calendar+4 Reposted by 4 other sources
B.C. finance minister defends budget, credit downgrades in Kelowna
'We're in challenging times financially'
·Kelowna, Canada
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Leaning Left5Leaning Right0Center1Last UpdatedBias Distribution83% Left
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83% Left
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C 17%
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