It was sponsored by some hotel association which lobbied heavily against airbnb. Can’t say it is unbaised study
Ok_Photo_865 on
Personally, I think it was one step in the right direction but there needs to be more to make the housing situation better.
GracefulShutdown on
Awesome, let’s do this in other provinces too.
Among many, many, many other things we could be doing but aren’t to address runaway housing costs.
norvanfalls on
Holy shit it was difficult to find the study.
I’ll be honest. A report that uses machine learning, not really trusting it because i am relying on the programmer identifying correct variables. It’s trying to pretend restrictions already existing were not there and misidentify impact. Vancouver has had some sort of policy regarding airbnb since inception due to the existing bylaws. Strengthened them in 2016 with empty housing tax. Strengthened them 3 more times. It wasn’t until 2024 that we saw rents start going down. But they selectively chose the new policy introduced in 2023 to somehow mean that it had a huge impact. During this entire period, Vancouver displaced Toronto as most expensive for rent and ownership, who likely also had their restrictions since inception regarding bed and breakfasts.
aw4re on
Ban short term rentals entirely.
GreySahara on
Kind of late now… allowing in foreign buyers and corporations that almost bought up entire streets of homes.
VancouverTree1206 on
I think this helps a bit, but bigger impact on rent is to have less temp residents slowly
Laxative_Cookie on
BCNDP for the win again. Literally, the best provincial government in Canada. Slowly but steadily fixing a decade of BCLiberals now BC Conservatives destroying the province. All while the conservatives in Alberta are literally doing the opposite at every turn, and unemployment, wages, and so many more problems reflect it. Now, if they could figure out how to not be so attractive as all the educated professionals moving to BC are keeping the housing market booming. I guess good thing they have changed building codes and have one of the most construction starts in Canada.
9 Comments
Great to see these restrictions are working.Â
It was sponsored by some hotel association which lobbied heavily against airbnb. Can’t say it is unbaised study
Personally, I think it was one step in the right direction but there needs to be more to make the housing situation better.
Awesome, let’s do this in other provinces too.
Among many, many, many other things we could be doing but aren’t to address runaway housing costs.
Holy shit it was difficult to find the study.
I’ll be honest. A report that uses machine learning, not really trusting it because i am relying on the programmer identifying correct variables. It’s trying to pretend restrictions already existing were not there and misidentify impact. Vancouver has had some sort of policy regarding airbnb since inception due to the existing bylaws. Strengthened them in 2016 with empty housing tax. Strengthened them 3 more times. It wasn’t until 2024 that we saw rents start going down. But they selectively chose the new policy introduced in 2023 to somehow mean that it had a huge impact. During this entire period, Vancouver displaced Toronto as most expensive for rent and ownership, who likely also had their restrictions since inception regarding bed and breakfasts.
Ban short term rentals entirely.
Kind of late now… allowing in foreign buyers and corporations that almost bought up entire streets of homes.
I think this helps a bit, but bigger impact on rent is to have less temp residents slowly
BCNDP for the win again. Literally, the best provincial government in Canada. Slowly but steadily fixing a decade of BCLiberals now BC Conservatives destroying the province. All while the conservatives in Alberta are literally doing the opposite at every turn, and unemployment, wages, and so many more problems reflect it. Now, if they could figure out how to not be so attractive as all the educated professionals moving to BC are keeping the housing market booming. I guess good thing they have changed building codes and have one of the most construction starts in Canada.