According to a new report from Rentals, In July, the Canadian rental market hit a record high with an average asking rent of $2,078, marking an 8.9 per cent annual increase.
According to a new report from Rentals, In July, the Canadian rental market hit a record high with an average asking rent of $2,078, marking an 8.9 per cent annual increase.
The number of empty places is vastly overstated by people looking for somebody to blame instead of market forces.
Probably a good idea to block market forces that incentiveise corpos from buying up all homes, creating a generation that can’t afford to own a home.
The “market forces” that create that incentive is “too many people, not enough homes”. And the latter was caused by 30 years of municipal stonewalling and the Martin-era cancellation of subsidized purpose-built rental programs – that is, things were better when the government was literally subsidizing landlords.
Then fund building more homes. Why would you give money to a 3th party so they can use said money to hire someone to build more homes. I’m not Canadian but this shouldn’t be an issue you need 8D chess for, if people charge too much, put in price control or make it very expensive to have more than 1 home, if there’s not enough homes then build more.