Prime Minister Justin Trudeau announced three new proposed reforms in the 2024 budget that aim to protect Canadian renters.
The federal government’s proposed housing reforms are a good first step but are not enough for Alberta, a housing advocate said.
“I don’t think we’ll be able to afford $2,100 a month. If we were able to afford that, then we could get a mortgage,” she said.Bird said she’s been looking for other places to rent for the past year but everything is out of her budget. According to a report by the Canada Housing and Mortgage Corporation, the average rent for a two-bedroom apartment is 1,695 a month, up by 14.3 per cent year over year.Budget 2024 sets up a ‘hard year’ for the Liberals.
The federal government is also proposing a new Canadian Renter’s Bill of Rights, which would require landlords to disclose the history of a property’s pricing so renters can bargain fairly.Trudeau says the bill will “crack down on renovictions, create a nationwide standard lease agreement, and give renters more agency.”
Whitmore said Alberta has some of the fastest rent increases in Canada, due in large part because there aren’t any rent caps. Currently, there is no limit to what landlords can charge and increase for rent.
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