Condo Smarts: Rental bylaws may deter property speculators

Dear Tony: Our strata is considering a rental bylaw that limits the number of rentals to 10 out of 100 units. We are slowly seeing the number of rentals and Air BnB’s increase to the point where less than 50 per cent of the residents are owners and their families.  An owner brought a realtor to our last general meeting who advised rental bylaws would harm our property values and prevent buyers from looking at our property. On a side note, this person also acts as the agent for a number of the rentals, so his opinion was entirely self-serving.  Is there any data that indicates rentals have an impact on property values or use of property?     Read the Q&A…………..


Related Articles

5 Very Surprising Things Your Condo Board Can Do

There’s been quite a bit of talk about what condo boards can and cannot do in the wake of a

Condo Smarts: Manager got angry when asked about commissions

Dear Tony: We have a new strata council this year. At our first council meeting, we were presented with a

City staff suggest new taxes for condominiums, group says it can’t come fast enough

One condo group is upset with what seems to be the city’s foot- dragging in introducing a new, more fair