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They banned airbnb in victoria bc last year and rent here has actually went down. From this one single change.
Reducing rent prices was the plan and to be honest, the obvious outcome when demand goes down.
You can also buy one of these tiny former airbnb studio condos for like 20k cad down if you are desperate. Good way to enter the market if that’s all you can come up with. They are all sitting on the market and you can lowball.
