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Canada's landlords now asking a record-breaking average of $2,078 per month: rental report (www.ctvnews.ca)
submitted 2 years ago by to c/canada@lemmy.ca
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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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[–] 4 points 2 years ago (1 child)

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.

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  • [–] 10 points 2 years ago (2 children)

    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.

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  • [–] 4 points 2 years ago (1 child)

    Municipal government says no.

    https://twitter.com/HousingNowTO/status/1441922859358724098

    (housing now to is an affordable housing org that builds subsidized housing)

    You do need 8D chess if the king can't control the pawns and the pawns don't want to move.

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  • [–] 5 points 2 years ago (2 children)

    If by co-ops this means just a bunch of people coming together that want an apartment and the government gives them money to build said apartment building that they all cooperatively own and live in then that's an amazing policy and I would 100% support that.

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  • [–] 3 points 2 years ago* (1 child)

    In case you're interested, I saw a great vid recently about co-ops as a solution to the housing crisis: https://www.youtube.com/watch?v=sKudSeqHSJk

    (Yes, non-profit co-ops bring down prices overall, but currently any new homes are both being built too slowly and are being snapped up by corporations or private individuals so they can make money off of them. There should be ways to protect home owners' equity while bringing down the pricing for PRIMARY home buyers.)

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  • [–] 1 point 2 years ago*

    Exactly. Municipal governments block affordable housing construction that everyone agrees is a good idea, and everybody blames the Fed for the housing crisis, despite that they have no constitutional power to override the Municipalities (but the provinces do, but they're happy to let the press blame the Feds while they exploit the housing crisis to give land to sprawl developers out in suburbia).

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