Should short-term rentals be regulated? Charlottetown mayoral candidates weigh in

Housing has dominated the conversation around P.E.I.'s municipal elections in most places,but none more thanthe capital city.

With Charlottetown's vacancy rate at less than oneper cent according to the latest numbers from the Canada Mortgage and Housing Corporation, the fivecandidates for mayorweighedin on what has been highlighted asone part of the problem: short-term rentals.

Former health executive and former councillorCecil Villard would like to see something similar to what Vancouver has done recently, limiting rentals to people's principal residences.

"I think when you limit it to residential properties I think it takes all of the apartments out of the equation completely," he said.

"It does then allow you to have some sense as to where these Airbnbs are located, what neighbourhoods they are located in, but at the same time I think there needs to be a process to reassess the Airbnbs because they are now commercial properties and should be taxed accordingly."

Add a levy says Brown

Philip Brown, in his third campaign for the mayor's seat, saidapplying the commercial tax rate to both the property and the water and sewer utilities could be a solution.

Heis also proposing charging aroom levy, a markupalready in placeon accommodations like hotel rooms, designed to help pay for tourism marketing and promotion.Brown saida levy charged on short-term rentals could be used to fund future affordable housing.

"If Airbnbs are making money from tourists, then they should be also collecting the room levy," he said.

"That willbecome an affordable housing levythat will be used for creating a pool of money, looking at new ways at looking at affordable housing, to fund orhelp provide seed-funding for organizations that want to be involved in affordable housing."

Former councillor and former chair of the planning committeeKim Devine agrees that regulations, including commercial taxes, need to happen but in the right way.

"I think we have to come up with a made-in-Charlottetown solution," she said.

"We need to come together as a community totalk about how do we make it fair to everybody, how do they fit in to our community, where do they fit."

Level playing field

Jamie Larkin who ran in Ward 1 in 2014 thinks businesses should be treated equally.

"I believe that short-term rentals should be on a level playing field as [bed and breakfasts]and inns.I believe in fairness and equality, so it has to be a level playing field. They should be licensed with the city."

But actor William McFaddenis doubtfulregulation would work.

"It's very difficult for the government to step in and tell private industry ... what they should be doing."

Instead he hopes that the new council can work together with outgoing mayor Clifford Lee in his new position as special adviser for the province's housing action planto find a solution.

He added thatmore transit will be needed if affordable housing is going to be built outside the city.

Brown, Villard and Devinesaidlooking at the planning bylaw to find ways to make it easier for developers to build more units within an affordable rate is a priority. All three saidtax incentives to build affordable unitsand allowing more variances for height or size could work.

McFadden thinks until the majority of citizens in Charlottetown want more done for those in need of housing, the issue will persist.

Larkin would rather see the city buy properties and hold them as affordable housing units.

Voters only have a few days to decide who to support. The election is on Monday, Nov.5.

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