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Canada's landlords now asking a record-breaking average of $2,078 per month: rental report (www.ctvnews.ca)
submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca
142 comments fedilink hide all child comments

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.

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[-] Powerpoint@lemmy.ca 39 points 1 year ago* (last edited 1 year ago)

Conservative premiers across the country have abolished rent control and created a situation where the wealthy have several income properties ruining everything. Liberals are totally cool with it too. Tax domestic speculators. Encourage public housing at federal and provincial levels. Never vote Conservative.

[-] geissi@feddit.de 3 points 1 year ago

Tbf rent control doesn't solve the problem of scarcity.

[-] MaxHardwood@lemmy.ca 6 points 1 year ago

What scarcity? Nobody is homeless waiting for housing to be built. Redistribute what has been hoarded.

[-] Rocket@lemmy.ca 1 points 1 year ago* (last edited 1 year ago)

The scarcity that is being measured in units of dollars here.

this post was submitted on 30 Aug 2023
450 points (98.5% liked)

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