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 11 months 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] 36 points 11 months ago* (last edited 11 months 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 11 months ago (1 children)

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

[–] [email protected] 6 points 11 months ago (1 children)

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

[–] [email protected] 1 points 11 months ago* (last edited 11 months ago)

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