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One year after B.C.’s short-term rental crackdown, has it made housing cheaper?

  • British Columbia's regulations restricting short-term rentals to principal residences led to over 15,000 properties registering by April, according to B.C. Housing Minister Ravi Kahlon.
  • The number of entire properties listed for short-term rentals dropped significantly: 31% in Kelowna, 24% in Victoria, and 22% in Vancouver since the new rules were implemented.
  • Average rents in B.C. Decreased by 0.6% year-over-year in March 2025, while Vancouver saw a 5.7% decline, according to data from rental.ca.
  • Experts suggest that while some rent decreases occurred, other factors also affect the rental market, making it hard to attribute changes solely to the new rules.
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One year after B.C.'s short-term rental crackdown, has it made housing cheaper?

Marv Gandall says living in one of Victoria's largest residential buildings a year ago meant a parade of people with suitcases, stuffed visitors parking and slow elevators.

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BIV News broke the news in on Thursday, April 24, 2025.
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