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.
What’s going on Canada?
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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.
Tbf rent control doesn’t solve the problem of scarcity.
What scarcity? Nobody is homeless waiting for housing to be built. Redistribute what has been hoarded.
The scarcity that is being measured in units of dollars here.