October 28th, 2023
Who stands to gain the most from an STR crackdown? Not the housing market.
There is an ongoing debate over short-term rental regulations in British Columbia, Canada. The B.C. Hotel Association has been advocating for restrictions on short-term rentals, arguing that it would free up housing for hospitality workers. However, some short-term rental operators accuse the association of seeking to eliminate competition. The B.C. Hotel Association denies these allegations, emphasizing the importance of affordable housing for industry employees. They also highlight the need for regulation in the short-term rental industry, similar to the bed-and-breakfast sector, to ensure safety and fairness. The housing crisis in the region remains a critical concern, with implications for both the hospitality industry and the availability of affordable housing.
Read the full article below 👇🏼
https://globalnews.ca/news/10056114/short-term-rentals-bc-hotel-association/