It looks like Vancouver is now going to implement a requirement that people renting out their places on Airbnb have a business licence, in addition to taxing empty properties.
I've been pretty bullish on Vancouver real estate to date, thinking that it will just continually rise (albeit at a slower rate than the panic-induced last 18 months). But the combination of the foreign buyer's tax, Airbnb restrictions, vacant property tax, and the spectre of inevitable interest rate increases now has me thinking there's a perfect storm brewing.
I still don't think the bubble is going to burst, but it could deflate a bit in the next couple of years or so. A big interest rate hike though and things would get ugly pretty quick.
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