Regulations that took effect Feb. 1 require Calgary property owners who provide short-term rental accommodation to obtain a business licence and follow new rules.

The changes to the City of Calgary's Business Licence Bylaw cover owners using popular host platforms like Airbnb or VRBO, as well as any other method of renting out space in a residential dwelling for 30 days or less.

While some people choose to purchase a home near a hospital because it provides the comfort of living near an important service, for many others, it's simply a smart business decision.

Calgary's newest hospital, the South Health Campus in the southeast community of Seton, is spurring significant interest from investors.