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.
Thanks for the info I now know not to invest in real estate in BC. I like to invest in apartment buildings and land development projects. The government is to authoritarian in BC to invest in BC. There is a reason investment and people are leaving California. It is more about locking us down and killing small business then supplying housing. Harder to travel when cant stay in short term rentals.