Regulating short-term rentals like AirBnB to ease the housing crisis isn't a new idea. It's been tried in plenty of cities in North America and beyond. But British Columbia's new legislation goes much further than most, and though it was just announced two weeks ago, a glance at apartments on sale in Victoria and Vancouver show that it's having an impact already.
What's in the Short-Term Rental Accommodations Act that makes it a step beyond other North American efforts. Has it gone too far, or not far enough? And if it works, could it become a model for other provinces to follow?
GUEST: Ryan Hook, writing for Ricochet