Published

Short-term rental restrictions saved B.C. tenants more than $600M: study

  • Restrictions on short-term rentals in British Columbia have reduced rents by 5.7 percent, saving tenants over $600 million last year, according to a report led by the Canada Research Chair in Urban Governance.
  • The regulations, effective May, require listings on platforms like Airbnb to be in the operator’s primary residence and one secondary suite.
  • The report predicts tenants in cities could see a 4 percent rent decline, saving $592 million annually by 2027, assuming similar efficiency to municipal rules.
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