The B.C. government introduced legislation with the objective of redirecting certain short-term rentals (STR) back into the long-term housing market. This initiative seeks to address housing shortages by repurposing some short-term rental properties to serve as stable, long-term homes for residents.

James and Denny share their opinions on the changes and talk about how they will affect different cities in different ways.

This episode will focus on short-term rental changes, what exactly these changes are, the effects on rental supply, cities with exemptions, distress sales and long-term rentals, effects on tourism, and the overall effects.

Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel - https://www.youtube.com/channel/UCHK2L-KswYO93195yndFAmA

Please email us at [email protected]

James Garbutt Instagram: https://www.instagram.com/jamesgarbutt Facebook: https://www.facebook.com/jamesgarbutt Website: https://jamesgarbutt.com

Denny Dumas Instagram: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com

Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca

Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: https://www.garbuttdumas.ca/