In the BC Rental Market Newsroom, Vancouver Condo Rentals excerpts and links to stories about the property rental market in BC. Opinions expressed within are those of the original source.
BC renters paying billions more in rent thanks to short-term rentals
By ,
September 26, 2023
Short-term rentals are having a significant impact on the long-term market in BC, and according to a report from McGill University, it could mean residents are paying billions more to rent.
The “groundbreaking report” was done by McGill University Professor Dr. David Wachsmuth, and it sheds light on how commercial short-term rentals influence rental costs in BC.