Short-term rental owners in Victoria face another setback as their appeal against BCs new restrictions is dismissed. The law, which bans short-term rentals outside an owners main home, aims to boost long-term rental supply. The owners argued for exemptions or compensation, but the courts ruled the challenge was premature as no real harm had occurred yet. Rental vacancy rates in Greater Victoria have increased, reaching a 25-year high, due to factors like fewer international students and a tough job market. The courts left room for future challenges, and the association plans to meet with a lawyer to discuss options. Checkout Solipillow.com
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