"It’s often said that the only constant in life is change, and change certainly appears to be the name of the game. Described as a real “game-changer”, the Short-Term Rental Accommodations Act (“STRAA”) aims to return short-term rental units to the long-term rental market. It comes as part of the Homes for People Action Plan to address low vacancies for long-term rentals, as well as other housing challenges."
Read more here : It’s Finally Here: The Short-Term Rental Accommodations Act #572 - British Columbia Real Estate Association (bcrea.bc.ca)