That's terrible, I feel really bad for the guy. Unfortunate that owners have sold at a loss. The downtown condo market seems to be struggling generally.
Just to come to the defence of Winnipeg somewhat, condominium buildings that have a large concentration of Airbnb units that descend into horrible conditions is not just a Winnipeg phenomena. The Ice Condominium complex in Toronto, which I don't mind the look of, just as I don't mind the look of Glasshouse, has experienced significant issues as a result of Airbnb:
https://www.blogto.com/real-estate-t...ondos-toronto/
I do believe some regulations and restrictions on Airbnb are in order.
Edit: While I have no doubt that drugs and sex work are common in Airbnbs, I also think groups of friends from the suburbs rent them for a night or two to party. I don't mind if the unit next to me has a party on a weekend night, but if that's the primary use of the unit all week and there is no relationship between the tenants, I would get pretty upset.