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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Total News Sources0
Leaning Left7Leaning Right1Center1Last UpdatedBias Distribution78% Left
Bias Distribution
- 78% of the sources lean Left
78% Left
L 78%
11%
11%
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