B.C.’s Airbnb crackdown will devastate some real estate investors

B.C.’s Airbnb crackdown will devastate some real estate investors
Open this photo in gallery:

Amanda Van Der Lee sits inside one of multiple newly constructed units in downtown Kelowna, which her company owns and operates as short term rentals. ‘You can’t harm one part of society to help another,’ Ms. Van Der Lee said.Artur Gajda/The Globe and Mail

British Columbia’s new legislation that would ban short-term rental in secondary investment properties will cause a whole lot of pain – and without producing the desired affordable housing, says a Kelowna, B.C., property manager.

Amanda Van Der Lee is owner of How to Host Property Management & Design, an umbrella company that handles all aspects of short-term rental, including licensing and bookings, interior decorating and cleaning. Ms. Van Der Lee employs about 15 staff and hires contract workers to run 60 properties for her investor-clients. On their behalf, she rents out mostly condos, but single-family houses as well.

Not only

Robert Kiyosaki Says Real Estate Market Crash to Start With Airbnb

Robert Kiyosaki Says Real Estate Market Crash to Start With Airbnb
  • The next crash in real estate could be set in motion by Airbnb, according to Robert Kiyosaki.
  • The “Rich Dad Poor Dad” guru has sounded the alarm for months of a coming market crash.
  • But data shows that the rental market is fairly healthy, with just a small decline in profits.

“Rich Dad Poor Dad” author Robert Kiyosaki is worried that a downturn in the short-term rental market could set the stage for a real estate crash. 

The markets guru warned of turbulence ahead for the real estate sector in a recent post on X, formerly known as Twitter.

“AIR B&B to lead real market crash. If you want a new home your happy days are around the corner. Same for rental property. The best time