As municipal and provincial regulations clamp down on Airbnb and other short-term rental operators, rent costs are dropping ‘significantly.’
Rent costs in several British Columbia communities dropped ‘significantly’ after local governments imposed stricter regulations on short-term rentals. “The rents as of October, 2023, were lower by $110 a month compared with the previous year in 52 key neighbourhoods – down to $1,821 from $1,931 – according to a statistical analysis by McGill University associate professor David Wachsmuth and researcher Cloé St.-Hilaire. In Vancouver, it is $147 a month less on average,” writes Frances Bula in The Globe and Mail.
In addition to local regulations, new provincial laws went into effect this May in B.C. cities of over 10,000 people not classified as ‘resort communities.’ “They limit owners to renting out space in their principal residence only if the owner is away for a short period of time or is renting out a room while continuing to live there.” Similar laws have been in place in Vancouver and other cities, but the provincial regulations represent the largest-scale effort to regulate STRs.
FULL STORY: Rent in B.C. communities declined after short-term vacation home rules were implemented, report finds
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25% resulting in 1,900 jobs lost.
Barcelona Buys Building to Prevent Tenant Evictions
One apartment building — and its tenants who faced eviction — became a potent symbol of the city’s growing housing crisis.
New Jersey Lawsuit Targets Rent-Setting Algorithms
The state of New Jersey is taking legal action against landlords and companies that engage in what the state’s Attorney General alleges is illegal rent fixing.
Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?
Washington State’s Parking Reform Law Could Unlock ‘Countless’ Acres for New Housing
A law that limits how much parking cities can require for residential amd commercial developments could lead to a construction boom.
Wildlife Rebounds After the Eaton Fire
Following the devastation of the Eaton Fire, the return of wildlife and the regrowth of native plants are offering powerful signs of resilience and renewal.
LA to Replace Inglewood Light Rail Project With Bus Shuttles
LA Metro says the change is in response to community engagement and that the new design will be ready before the 2028 Olympic Games.
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