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January 22, 2024 | Clamp Down on Short-Term Rentals

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

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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January 22nd, 2024

Posted In: Juggling Dynamite

One Comment

  • Darren says:

    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.

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