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Here’s why some experts believe in the long-term approach over short-term rental platforms. For the full picture, find out some reasons Airbnbs can be better than long-term rentals .
Penticton has low precipitation, hot summer days with cool nights, and moderately cool, mostly cloudy winters. With 346.0 mm (13.62 in) of annual precipitation, [26] Penticton is the fourth driest city in Canada. [27] It averages 58.7 cm (23.1 in) of snowfall per year. Penticton has the mildest winter of any non-coastal city in Canada. [28]
Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
Both short-term and long-term rental owners are required to obtain a business license, but those renting residential property to the same person for less than 90 days must pay 10% state and local ...
Penticton Herald is a local newspaper in Penticton, British Columbia, founded in 1906 by W. J. Clement. It was first known as Penticton Press and later changed to Penticton Herald in 1910. The Herald also publishes the Entertainment NOW TV Guide and Showcase Real Estate Guide. [1] [2] It is owned by Continental Newspapers.
The proliferation of short-term rentals can affect those in the area who are looking for long-term rentals. [5] Through short-term rental, landlords can make upwards of 30% more than they would on a rent controlled property. [citation needed] Thus landlords convert their properties into short-term rental units
The definitions of 'affordability' and 'affordable housing in Canada' are varied depending on whether the term is used by banks and mortgage providers, real estate agencies in regards to market-based issues, consumers who may or may not be left out to the market, and advocacy organizations supporting the under-housed and unhoused populations. [10]
The airport is accessible via the Stewart–Cassiar Highway (Highway 37) and offers on-site parking, car rentals, and taxi services. [ 3 ] [ 19 ] Parking facilities include short-term, long-term, and designated spaces for accessibility.
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