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It was supposed to be a quick and easy investment, it is far from that.

“There were a number of residents out there where this was their primary home, and so they've been displaced. We know of one already that has had to foreclose on her mortgage because she cannot pay rent and continue to make her mortgage payments."

Common advice for renters is to spend less than 30 per cent of their monthly income on rent, and it turns out most British Columbians aren’t able to follow that rule.