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.
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.
While I don’t completely agree with an outright ban imo there should be strict limits to the amount of residential property a person or corporation can own.
No one should be making significant profit off of something so essential.
Make property ownership a shit investment.
Cap revenue from rent to 5-10%. Tax the living fuck out of empty properties so they’ll take someone, anyone. Tax higher the more properties they own.
Also outright ban AirBnB and make it so corporations are not allowed to own houses.
Yes please, houses are for people, corporations have no business (heh) owning houses.
AirBnB is exacerbating the problem, they need to be regulated to hell or outright banned.
We should really crack down on Airbnbs. Why make $2000 a month by providing a place for someone to live when you can make $500 in one night from a tourist?
Landlords only buy property as an investment vehicle. You cant keep landlords and not have housing being a money making scheme.