3 ms·
In Ontario and Quebec the entire economies are rent controlled to some extent - rents can only rise by a certain amount. It seems to work. Also, with Berlin, p
by jariel 6y ago
In Ontario and Quebec the entire economies are rent controlled to some extent - rents can only rise by a certain amount. It seems to work.
Also, with Berlin, perhaps it's an issue of splitting the areas that's bad, and also perhaps the excessive nature of the controls.
Finally, this may be related to an issue of low interest rates.
Low interest rates give much leverage to landed/owners so rents to up even if all other economic issues don't change.
Meaning that there is a kind of 'hidden inflation' which simply favours one class (owners) over the other.
Here are the Ontario regs [1]
[1] https://www.ontario.ca/page/residential-rent-increases https://www.ontario.ca/page/residential-rent-increases