[Hondaracer]

Now rentals will just get passed around privately instead of having a service like AirBnB being used.

When travelling we met a couple who manages 10 properties in Niagara on the lake, they offered some great advice in terms of renting vacation properties. They said always copy the title of the Airbnb listing and search for that same listing in google, usually the host will have a service outside of AirBnB etc. to rent it without a middle man.

Do you honestly think someone with a second, third, 4th home in a 2.5 million dollar kelowna home or a 900k whistler condo is suddenly going to put this on the market as a long term rental? Highly unlikely.

They will either sell to someone who is going to live there long term, or they will rent it privately through other avenues. Also renting out privately and paying cash you have no trail of the transaction, so even better for the renter.

It’s like drugs etc. when you make the “legal” way unaffordable, illegal methods pop up.

If you think this is going to put a dent in the rental market you’re crazy.