A business license application for an Empire Street property has been rejected on the basis that its usage for temporary accommodation purposes was not consistent with the zoning for that property.
The crackdown on unlicensed short-term rental (STR) properties and the introduction of a regulatory regime is one of several factors leading to a glut in the Osoyoos real estate market and the accompanying drop in prices, says a prominent local realtor.
Taking away people’s rights, over-regulated, and over-complicated were just some of the words being thrown around when the Regional District of the Okanagan-Similkameen (RDOS) discussed yet again new laws around Short-Term Rentals (STR).
