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What's definitely not popular is the prospect of retired old ladies getting 50%+ rent increases. That's absolutely what happened over the pandemic in the Mariti
by Tiktaalik 11mo ago
What's definitely not popular is the prospect of retired old ladies getting 50%+ rent increases. That's absolutely what happened over the pandemic in the Maritime provinces where there was no rent control at all when they suddenly became popular places to move to.
People like stability. They can adapt to higher prices, but they need time to adapt to higher prices. That is the point of rent control. It is a system to smooth out volatility. It trains landlords to consistently increase prices and trains tenants to prepare for (small) increased prices.