4 ms·
I'm no expert on the Montreal rental market and rent control rules but if you are not experiencing shortages then the rent controls are likely not "binding". Th
by spikels 10y ago
I'm no expert on the Montreal rental market and rent control rules but if you are not experiencing shortages then the rent controls are likely not "binding". That is, the controlled rental rate is very close or above what the rental rate would be without rent control.
Since it appears that Montreal has relatively low rental rates it is likely that supply is high but demand is low relative to other cities. This is consistent with the relatively low population growth of the area (the Island of Montreal had a larger population 60 years ago than today!). In this situation rent control would have very little impact and be unnecessary anyway.