this post was submitted on 26 Aug 2025
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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.
Link to condo purchase place?
Just go on realtor.ca and look for 0 bedroom 1 bath units
20k down will get you into a <400k condo that will be like 2/3 the cost of what rent would be
However I would be concerned it's a hard sell in 5 years when you want to upgrade. I know a lady who lives happily in 400sqft but I couldn't.
>0 bedroom 1 bath
the fuck
In Seattle we call these studio apartments, I learned reading this thread that it's not a normal thing. My friends that live in one can't cook without their bed absorbing the smell.
Yeah in the pnw it's gotten a little dystopian to say the least