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.
None of this was a personal attack and to take it as such might mean you need to reevaluate your feelings on the matter.
Pointing back to my original argument I stated that it was often a inflation resistant investment I’m not speaking of single family homes renting out their bottom half or whatever the case may be.
I’m speaking of those you buy up commercial property with no intent to ever do anything with it because the value of the land will vastly outpace the value of inflation.
I’m also speaking about landlords that own hundreds of properties. While someone in your position is becoming increasingly common it is not the majority in housing scarce areas. There are still a few individuals that own large swaths of land.
There are a lot of policy decisions that got us here. But more mixed zoning, more housing, less landlords has been proven time and time again to fix it and while I’m not sold entirely on the Singapore idea I will say that everyone in my generation is fucking sick and tired of people making excuses about what can’t work while people are on the street dying