this post was submitted on 30 Aug 2023
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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] 27 points 1 year ago (3 children)

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.

[–] [email protected] 28 points 1 year ago (1 children)

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.

[–] [email protected] 24 points 1 year ago (1 children)

Also outright ban AirBnB and make it so corporations are not allowed to own houses.

[–] [email protected] 10 points 1 year ago* (last edited 1 year ago)

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.

[–] [email protected] 13 points 1 year ago

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?

[–] [email protected] 3 points 1 year ago

Landlords only buy property as an investment vehicle. You cant keep landlords and not have housing being a money making scheme.