Limiting short-term rental properties increases housing inventory for primary occupancy, pressuring long-term rents and sale prices lower. This is a necessary part of helping to abate the housing affordability crisis. But it comes at the expense of highly leveraged owners and lenders who were banking on prices only going up.
B.C.’s new laws on short-term rentals have triggered a wave of owners trying to offload their investments, largely without success. Here is a direct video link.
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