I could be mistaken but if I remember correctly, the first and main issue with short-term rentals was the fact they were being used as party houses until the (short-term rental booking) companies stepped up and put restrictions on them.
I seem to recall many letters and complaints about loud parties and too many vehicles parked in neighbourhoods.
Yes, short term rentals are a great way for families to holiday together at a reasonable cost. However, it was the guys’ and gals’ getaway parties that shone the spotlight on short-term rentals (originally).
As far as short-term rentals taking houses off the rental or real-estate market, you only have the government to blame for that.
I'm not a landlord but there are enough horror stories out there about bad tenants who ruin rental properties. There needs to be a change to the act so bad renters can be removed from a rental property before landlords go broke from unpaid rent and damage.
M. Boyer, Kelowna