The licence for those renting out a home they don't live in will be $130 annually, with the planned $50 application fee eliminated.
The city has also reduced the fee for a rented suite in a duplex to approximately $430 – half the 2019 water and sewer charges for one of two main units in a duplex.
The fee for owners who live in their home but rent out a secondary suite will remain. In 2020, it will be roughly $570 (a 50% utllity surcharge).
Anyone who rents out both the main unit and a secondary suite in a home, and does not live there, will be charged both the $130 fee and the 50% utility surcharge.Non compliance means a $1,000 fine.
Vancouver charges $74 for the same thing according to Dave Hutniak of LandlordBC.
A new source of tax revenue by local governments?