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BC's Unsold Condo Crisis: No Bailout, No Solutions?

Description:
This video examines the growing crisis of unsold, newly built condominiums across British Columbia. With developers facing potential bankruptcies, we analyze the government's current lack of action and explore potential market-driven solutions. One often-proposed measure is the removal or relaxation of short-term rental (STR) prohibitions, which could attract investor capital and absorb excess inventory. New capital injection is seen by many as the only viable path out of this supply glut. Is policy paralysis making the situation worse?

#BritishColumbia #HousingCrisis #RealEstate #Condos #BCRealEstate #ShortTermRentals #Investors #Bankruptcy #HousingMarket #EconomicPolicy