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

McGill University finds renters are paying an average of $147 less each month than they would have

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B.C. short-term rental restrictions reducing rents, saving tenants millions: study

A report led by the Canada Research Chair in Urban Governance says restrictions on short-term rentals in British Columbia have reduced rents by 5.7 per cent, saving tenants more than $600 million last year

·Canada
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Prince George Citizen broke the news in Prince George, Canada on Wednesday, September 18, 2024.
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