The City of Victoria is facing a housing crisis – affordability, availability and livability are being compromised when residential properties are being transformed into a commercial commodity as short-term vacation rentals.
Victoria is now ranked the second least affordable place to live in Canada. The 2016 ‘Demographia International Housing Affordability Survey’ indicates that a home in Victoria now has a price tag that is more than 6.9 times the median household income of the area. In their view, a home in this city is “seriously un-affordable” to many buyers and is certainly well beyond the financial means of most renters.
Victoria City Council currently supports the commercialization of residential property and City staff will issue a commercial 'transient accommodation' business license to property owners that want to operate short-term vacation rentals. City Council would rather protect the financial interest of real-estate speculators, developers and those that operate in the 'grey economy' rather than take the necessary action to remove 'transient accommodation' as a permitted use and help return more than 300 short-term vacation rentals in the downtown core to the long-term housing market.
The Citizen Coalition Against Short-Term Vacation Rentals opposes the commercialization of residential property and we ask that you support our initiative, by signing our petition, to remove 'transient accommodation' as a permitted use in the downtown core:
We, the undersigned, call on Victoria City Council to take action to stop the commercialization of residential properties and improve housing livability, availability and affordability through a city initiated 'right-zoning' of downtown residential properties by removing "transient accommodation" as a permitted use in residential properties, and return those dwelling units back into the local housing supply.
SPONSORED BY THE CITIZEN COALITION AGAINST SHORT-TERM VACATION RENTALS