this post was submitted on 12 Sep 2023
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Rent is going up more than $100 a month right now — with the average asking price a record $2,117 (www.cbc.ca)
submitted 2 years ago by [email protected] to c/[email protected]
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Average asking price for a new tenant has risen by 9.6% in last year, Rentals.ca says

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[–] [email protected] 4 points 2 years ago (1 children)

You cannot redistribute your way out of a shortage.

There are more empty buildings than homeless people. There are "investment properties" sitting empty all over.

The problem is the greed of the parasitic landlord class.

[–] [email protected] 2 points 2 years ago* (last edited 2 years ago) (2 children)

There are more empty buildings than homeless people

This is a myth. What "empty building" studies usually cover is buildings that have no usual occupant. That includes things like student houses where the occupants still have a "home address".

[–] [email protected] 1 points 2 years ago (1 children)

30% of Canadians are domestic speculators. This isn't a myth, it's a fact.

[–] [email protected] 1 points 2 years ago

Not arguing there, but GP was saying that a horrendous number of units are vacant which is simply not true. And there are a few cases where being a landlord isn't hoarding housing away from potential buyers, like in a University neighborhood where students and temporary staff will need access to rental houses. Now, obviously, student housing would be better handled by purpose-built multi-unit rental buildings but city hall says no.

[–] [email protected] -1 points 2 years ago

Landlords are still parasites.