Nightly Rental Real Estate

Nightly Rental BUSINESS LICENSE Required

Estimated reading time: 6 minutes

Obtaining a business license is the top risk when buying a nightly rental property.
Delays in securing the business license can lead to lost revenue and complications with the municipality.
Unauthorized renovations can prevent the issuance of a business license and require thorough research.
A rental property manager cannot apply for a business license on behalf of the owner, but they can assist in the process.
The Resort Municipality of Whistler (RMOW) website is a key resource for understanding business license requirements.

Estimated reading time: 3 minutes

There are 4 types of investment property types in Whistler: rented nightly, business income, rented monthly, and never rented.
Each investment type has unique tax considerations and usage implications for residents and non-residents.
Rented nightly properties must have appropriate zoning, often at a premium price, and can be self-managed or managed by a company.
Business income properties are tied to hotel operations and require CRA approval for classification.
Monthly rentals can be conducted with written agreements, while properties listed as never rented are essentially used as residences.

Estimated reading time: 4 minutes

Whistler real estate involves Residential Zoning and Tourist Accommodation Zoning, which can combine for rental purposes.
Phase 1 Rental Covenant allows nightly rentals for property owners with limited personal use.
Phase 2 Rental Covenant requires properties to be available for public rental, with restricted owner use.
Zoning affects property use, so understanding local regulations is crucial for buyers and renters.
To operate nightly rentals, you need a license from the Resort Municipality of Whistler (RMOW).