Hopefully these new regulations will allow Blackrock to expand their inventory. After all, they donate far more money to politicians than any mom and pop undertaking. And besides, some of these hardworking folk were actually moving to upper middle class. Shame on you. Get back to serfdom where you belong.
To 8:16 Bully for you. Yes some people have made a bundle with STRs and lifted themselves out of working class to.....whatever. But it wasn't very long ago that prospect was available to the majority. When average folks could own a home or at least have a roof over their head and save some money for the future home. That all seems to have vanished. True that STR's are not the entire, or even major cause of this reality. but it is a problem, and STR"s are not part of the solution for the vast majority of Canadians needing hosing.
8:42 It would seem to me that they always go after the low hanging fruit. Why aren't Tofino, Whistler etc. on the list. It wouldn't have anything to do with connected rich folk, so what determines the selection process? The book Willful Blindness is worth the read.
A Desjardins report suggests short-term rentals likely contributed to the housing affordability crisis in Canada and around the world.
The report says the proliferation of short-term rentals on platforms such as Airbnb and Vrbo has had a significant effect on the affordability and availability of homes by reducing the number of units available for long-term rentals and resale markets
The report, citing data from analytics firm AirDNA, says Canada has more than 235,800 unique active short-term rental listings on Airbnb and Vrbo, the two largest hosting platforms, amounting to about 1.4 per cent of the country’s housing stock.
Real estate investors often earn more money on short-term rentals than long-term rentals, according to Desjardins.
Tofino, Whistler are not on the list because they are "Resort Municipalities" and VR's represents a particular challenge. in what are nearly completely driven tourist economies. If it wants to opt in Tofino will have to wrestle with many of it's thoughtless policies granted in the past. The natives will be restless........
Instead of using a sledgehammer to individual property owners (for example:taking away legal non conforming use protection when a property has been used legally for many years in some cases) to have them somehow solve the monthly rental housing crisis, why don’t municipal governments (and the provincial government) start handing out olive branches ie. incentives to developers to build MORE traditional, high density monthly rental housing stock all over BC including Tofino.
You hear time and time again what a nightmare it can turn out to be for an property owner who is renting their secondary suite to a monthly tenant. This in in turn creates a reluctance of for these owners to rent monthly.
On the other hand there are nation wide corporations and pensions funds that gobble up these high density apt buildings for investments that are managed by professional management companies. They have no problem managing monthly tenants. Adding more traditional apartment buildings will go along way.
There are several STR properties listed in Tofino right now. Buyers seem to be waiting to see if Airbnb goes the same way as Groupon or Target Canada.
ReplyDeleteHopefully these new regulations will allow Blackrock to expand their inventory. After all, they donate far more money to politicians than any mom and pop undertaking. And besides, some of these hardworking folk were actually moving to upper middle class. Shame on you. Get back to serfdom where you belong.
ReplyDeleteTo 8:16
ReplyDeleteBully for you. Yes some people have made a bundle with STRs and lifted themselves out of working class to.....whatever. But it wasn't very long ago that prospect was available to the majority. When average folks could own a home or at least have a roof over their head and save some money for the future home. That all seems to have vanished. True that STR's are not the entire, or even major cause of this reality. but it is a problem, and STR"s are not part of the solution for the vast majority of Canadians needing hosing.
8:42 It would seem to me that they always go after the low hanging fruit. Why aren't Tofino, Whistler etc. on the list. It wouldn't have anything to do with connected rich folk, so what determines the selection process? The book Willful Blindness is worth the read.
ReplyDeleteA Desjardins report suggests short-term rentals likely contributed to the housing affordability crisis in Canada and around the world.
ReplyDeleteThe report says the proliferation of short-term rentals on platforms such as Airbnb and Vrbo has had a significant effect on the affordability and availability of homes by reducing the number of units available for long-term rentals and resale markets
The report, citing data from analytics firm AirDNA, says Canada has more than 235,800 unique active short-term rental listings on Airbnb and Vrbo, the two largest hosting platforms, amounting to about 1.4 per cent of the country’s housing stock.
Real estate investors often earn more money on short-term rentals than long-term rentals, according to Desjardins.
Kelowna has a non-NDP MLA
ReplyDeleteTofino, Whistler are not on the list because they are "Resort Municipalities" and VR's represents a particular challenge. in what are nearly completely driven tourist economies. If it wants to opt in Tofino will have to wrestle with many of it's thoughtless policies granted in the past. The natives will be restless........
ReplyDeleteInstead of using a sledgehammer to individual property owners (for example:taking away legal non conforming use protection when a property has been used legally for many years in some cases) to have them somehow solve the monthly rental housing crisis, why don’t municipal governments (and the provincial government) start handing out olive branches ie. incentives to developers to build MORE traditional, high density monthly rental housing stock all over BC including Tofino.
ReplyDeleteYou hear time and time again what a nightmare it can turn out to be for an property owner who is renting their secondary suite to a monthly tenant.
This in in turn creates a reluctance of for these owners to rent monthly.
On the other hand there are nation wide corporations and pensions funds that gobble up these high density apt buildings for investments that are managed by professional management companies. They have no problem managing monthly tenants. Adding more traditional apartment buildings will go along way.
STR's -- NESTS OF CRIME -NIMBY!!
ReplyDeletehttps://www.msn.com/en-ca/news/canada/regina-swat-team-raids-airbnb-rental-property/vi-AA1lbLy2?rc=1&ocid=winp1taskbar&cvid=3c1249e2b7d74469ad3ee8828baba6f9&ei=36