Yeah, it’s the same in Vancouver. That being said, they removed yearly increase cap in Toronto in all the new builds since 2018, and it’s still about the same p

Yeah, it’s the same in Vancouver. That being said, they removed yearly increase cap in Toronto in all the new builds since 2018, and it’s still about the same price as here. Or in Calgary where they don’t have it at all, and from what I’ve looked up, rent has increased 14% YoY. I’d be okay if they removed the caps in my city as well, if we didn’t have enormous amount of red tape and barriers to entry to construction. Otherwise the supply goes up slower than the population increase, so percentage of apartments for rent keeps decreasing.