▲ 450 ▼ Canada's landlords now asking a record-breaking average of $2,078 per month: rental report (www.ctvnews.ca) submitted 3 years ago by sik0fewl@kbin.social to c/canada@lemmy.ca 137 comments fedilink hide all child comments 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.
[–] Pxtl@lemmy.ca 2 points 3 years ago (1 child) So what happens to a rental highrise in your policy idea? permalink fedilink source parent hideshow 1 child comment replies: [–] Hyacathusarullistad@kbin.social 4 points 3 years ago* (last edited 3 years ago) Rental highrises are not single-family homes. What we need there are more stringent rent control and to move the majority of such rentals from for-profit property developers to non-profit housing cooperatives. We could also prohibit property developers from purchasing highrises from each other altogether. You want a new high-rise? Build one. You don't want one of the ones you own? You get to sell it to a cooperative for a heavily regulated maximum price, and might get to break even. permalink fedilink source parent
[–] Hyacathusarullistad@kbin.social 4 points 3 years ago* (last edited 3 years ago) Rental highrises are not single-family homes. What we need there are more stringent rent control and to move the majority of such rentals from for-profit property developers to non-profit housing cooperatives. We could also prohibit property developers from purchasing highrises from each other altogether. You want a new high-rise? Build one. You don't want one of the ones you own? You get to sell it to a cooperative for a heavily regulated maximum price, and might get to break even. permalink fedilink source parent