Increased Fine for Short-Term Rentals
Whereas short-term rentals STRs are taking away from long-term rental housing stock and in turn contributing to the housing crisis in Burnaby; And whereas the Province intends to increase the maximum fine a local government may issue to any bylaw non-compliant operator from 1,000 to 3,000 per day utilizing the Municipal Ticket Information MTI system; And whereas under the Local Government Bylaw Notice Enforcement Act LGBNEA, the current mechanism to enforce bylaws in Burnaby, a maximum fine of 500 per day is permitted, with no increase proposed by the Province: Therefore be it resolved t