Closeup view of Modern Suburban Home with for Rent Sign in front Yard

Closeup view of Modern Suburban Home with for Rent Sign in front Yard

Short term rentals have an impact on long term housing across the world

A community survey and four focus groups have highlighted what the community wants to see when it comes to short term rentals.

  • Feb. 15, 2018 12:00 a.m.

A community survey and four focus groups have highlighted what the community wants to see when it comes to short term rentals.

Town council is expected to begin drafting regulations for short term rentals, which have been putting pressure on housing in many communities across the world.

“This is a phenomenon that is worldwide. It has taken the world by storm in the last five years, and has put significant pressure … on some communities with regards to their long term rental capacities” Town COA Jon Wilsgard said.

Because the influx in short term rentals is still new, the Town has not implemented any bylaws or guidelines for short term rentals.

The increase in short term rentals has had some neighbourhood based and behavioural based issues as well, Wilsgard said.

Although Air BnB is not the only company that helps people rent out their spaces, it is one of the more well-known ones. The site allows people to rent out their homes, cabins, condos, apartments, or rooms in their dwelling on a night by night basis.

“Traditional accommodators have long spoken out that this is not what we call sharing economy,” Wilsgard said.

Recently, the province decided to implement a tax on the short term rentals.

In Golden, traditional accommodators already pay taxes that goes back into the community. The destination marketing association, Tourism Golden, receives a portion of those taxes.

The new provincial tax helps to build equality between traditional accommodators and short term rentals, but the local government will focus on establishing regulatory framework. Parking and business licenses are only a few of the topics council will need to discuss before changes are made.

Golden Star