Would it be safe to say that shelter is a fundamental right?
Furthermore, their findings revealed one in five property owners to be investors, defined as an owner who owns at least one residential property not used as their primary place of residence.Article content
But how might one reconcile that take with the reality that Canada basically stopped incentivizing the construction of purpose-built rental housing back in the 70s? Our population has ballooned yet new rental housing has stagnated. While the religion of home ownership dominates in this country, the ethos is markedly different elsewhere, particularly in many European countries where government-funded purpose-built rental housing is plentiful. The result is stability for tenants, who never need to worry about having their home sold out from under them or rents abruptly skyrocketing.
It is very clear our leaders know how vital the role an individual investor plays in ensuring supply, which is why in 2018 rent control was deregulated to ensure profitability and viability. If it wasn’t profitable for investors to own rental properties, investors would take their capital elsewhere and supply would diminish. We need them.Article content
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
All-time high rental rates makes it a good time to buyIn mid\u002DDecember, the average rent for a one\u002Dbedroom apartment in Toronto was $2,279.
Read more »
Freeman, O’Neill lead Canada’s roster for upcoming World Baseball ClassicFormer NL MVP Freddie Freeman to lead Canada at World Baseball Classic
Read more »
FIRST READING: All this 'Buy American' talk will likely screw over Canada againU.S. President Joe Biden\u0027s pledge to \u0027Buy American\u0027 on infrastructure projects would cut out billions in Canadian exports.
Read more »