The province is introducing amendments to strata property regulations in an effort to crack down on strata vacation rentals.
Under the new regulations, which will come into effect Nov. 30, strata corporations will be able to fine owners or residents not complying with short-term rental bans up to $1,000 a day.
Currently, stratas can pass bylaws banning short-term rentals, with a maximum fine of $200 per week.
In B.C., ownership in condominiums, apartments or townhouses sharing common areas is often purchased through an owners’ corporation under a strata title.
The owners elect a council that sets policy for the strata.
Ensure long-term rental stock
The province said the amendment