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The province of Ontario has rent controls and I never heard of it as an issue in the ~7 years I was renting there. I guess it helps that most towns don't have m
by kspaans 10y ago
The province of Ontario has rent controls and I never heard of it as an issue in the ~7 years I was renting there. I guess it helps that most towns don't have market rents growing way faster than inflation.
- markeroon 10y agoRent control in Toronto is a godsend. Housing prices may be out of control but rent is still reasonable.
- johan_larson 10y agoNew buildings are exempt from rent controls. Rents on a unit also reset to market rate when a new tenant moves in. And Toronto is also the only place in Ontario you really hear about soaring housing costs. So rent controls are a fairly limited phenomenon here.
- aianus 10y agoThat's because Toronto has no problem allowing lots and lots of new skyscraper condos to increase supply.