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submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca

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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[-] ShaggySnacks@lemmy.myserv.one 25 points 1 year ago

Approximately 40% of MPs are landlords.

Approximately 20% of Ontario MPPs are landlords.

More information for the provincial politicians.

Who knows how many politicians at the municipal level are landlords.

Politicians have a clear, genuine interest to continue the system as is, so they can continue to make money off this. Add in the fact, that home ownership is considered the sacred cow of the investments and nothing can happen to that investment.

Guess what? People lose money on investments on all the time.

this post was submitted on 30 Aug 2023
449 points (98.3% liked)

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