I expect business volumes to really plummet as of January and then, basically, I won't have a business as of May 1," Paine said.
Short-term rental managers like Paine across B.C. are lamenting the demise of their business model, while real estate agents say owners of investment properties are being forced to sell at a loss or risk being unable to pay their mortgage. Supporters of the policy agree about some of those impacts the difference is they think it proves the policies are a success.
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