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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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[-] terath@sh.itjust.works 2 points 1 year ago

So in your mind all those new grads out getting their first jobs should just be homeless for 30 years until they can afford to buy a house? That's a pretty harmful idea.

[-] blazera@kbin.social 2 points 1 year ago

Youre looking at this from the current situation, corporare landlords are running amok buying all the property and only renting, decreasing the supply of houses available to buy instead of rent.

Outlawing landlords means all rental property goes up for sale, and only for people that will live there. Add on some pressure that current landlords have to sell within a few years or it goes to the state, and youre gonna have plenty of cheap houses for sale.

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

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