this post was submitted on 30 Aug 2023
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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 [email protected] to c/[email protected]
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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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[–] [email protected] 38 points 1 year ago* (last edited 1 year ago) (1 children)

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.

[–] [email protected] 3 points 1 year ago (1 children)

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

[–] [email protected] 6 points 1 year ago (1 children)

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

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

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