Talk of New Short-Term Rental Rules for Houses in Kelowna BC

Buying or selling a home in Kelowna always comes with change. Lately, one of the biggest conversations has been about short-term rentals (STRs) like Airbnb. Mayor Tom Dyas recently hinted that the city may consider adjusting its current rules. These changes could have an impact on owners, investors, and anyone looking at houses in Kelowna BC. With Kelowna’s rental market showing signs of stability, officials are contemplating the reintroduction of STRs in a different capacity. 

What’s Happening With Short-Term Rentals?

Kelowna first put tight rules on short-term rentals to protect the long-term housing supply. At the time, vacancy rates were sitting around 1 percent, making it hard for many locals to find a place to rent. Since then, new construction and infill projects have boosted the vacancy rate to about 4.5 percent.

That improvement has opened the door for city leaders to revisit the rules. Mayor Dyas has suggested that Kelowna may be able to take a “made in Kelowna” approach. The idea would be to support tourism without taking homes away from residents.

For buyers, this could bring new opportunities. Investors who once had properties zoned for short-term rentals may find new options opening back up. At the same time, families looking at houses in Kelowna BC benefit from the fact that more rental units are available, which helps ease overall pressure on the housing market.

If the city makes short-term rentals easier again, we may see more demand for condos and smaller homes that work well as vacation rentals. That could push prices in certain pockets of the market. On the other hand, a healthier balance of rental supply helps long-term buyers by keeping the market from overheating.

Contact Me About Houses in Kelowna BC!

Whether you’re searching for a family home or considering an investment property, staying on top of local policy changes matters. I’d be happy to talk with you about the current market and what’s coming next. Contact me today, and let’s start your search for houses in Kelowna BC.

FAQ About STRs

Will changes to short-term rental rules affect home values?

They could in some areas, especially condos or smaller properties suited for vacation rentals.

Is now still a good time to buy in Kelowna?

Yes. The market remains active, and higher vacancy rates mean less pressure on long-term housing.

How do I know if a home allows short-term rentals?

Check current zoning and licensing rules with the city or speak to your REALTOR® for up-to-date information.