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April 19, 2024 | Ban on Short-Term Rentals Broadens

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:

Under the headlines, policy is having to shift away from favouring investors (who tend to be older) to favouring renters/workers (who tend to be younger).

A provincial rule limiting short-term rentals to a homeowner’s principal residence plus one secondary suite or accessory dwelling comes into force in British Columbia on May 1 in 60 communities. As Zahra Premji reports, 17 additional communities have chosen to opt in to the rules despite being exempt. Here is a direct video link. 

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April 19th, 2024

Posted In: Juggling Dynamite

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