The hard truth is that rent control, while sounding progressive, actually has regressive effects. At best, it creates a two tier market where existing residents benefit from the controlled rent, which means Landlords will look to future tenants to recover their profits (whether its lost rental income, or for money required for capital repairs/improvements). It has also generally linked to a significant decline in purpose built rental properties; there are other factors for sure, but if you look at the history of rental building in Ontario, the decline in purpose built rental construction tracks with the introduction of rent control.
The simpler way to deal with rent is to increase supply, in particular by modifying building codes to allow more forms of home construction (in particular, up to six stories on single lots – a form of construction common in most of the world but building codes render impossible in most of North America)
CaptainCanusa on
Landlords constantly complain about tenant powers in Quebec, but I personally know half a dozen people who have been illegally forced out of their homes by crooked landlords, with essentially no recourse.
So why are prices still soaring? Landlords and the government that’s on their side?
mcurbanplan on
The mentioned province is a place where left-wing NIMBYism is dominant. „Don’t build condos/ elevated transit here because they gentrify/block the view of a park/disturb an owl habitat/etc.“ is a statement that’s unfortunately all too common.
That, and people are moving here from other provinces because it’s cheaper, and are driving up demand and rents.
ChibiSailorMercury on
We don’t have rent control. We have rent suggestion. That’s why the prices are soaring. It would be rent control if there a way to keep landlords from profiteering from the housing crisis. It would be rent control if the „luxury rental condos“ they keep building instead of affordable rentals were forced to rent at affordable prices until the crisis is resolved. It would be rent control if owners of empty units were forced to rent until the market regulates itself. It would be rent control if owners couldn’t use the TAL to discriminate against renters who defend their rights (as opposed to renters who are bad payers or renters who are problematic litigants). It would be rent control if keeping units empty for a year didn’t allow landlords to later on charge whatever rent they want.
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The hard truth is that rent control, while sounding progressive, actually has regressive effects. At best, it creates a two tier market where existing residents benefit from the controlled rent, which means Landlords will look to future tenants to recover their profits (whether its lost rental income, or for money required for capital repairs/improvements). It has also generally linked to a significant decline in purpose built rental properties; there are other factors for sure, but if you look at the history of rental building in Ontario, the decline in purpose built rental construction tracks with the introduction of rent control.
The simpler way to deal with rent is to increase supply, in particular by modifying building codes to allow more forms of home construction (in particular, up to six stories on single lots – a form of construction common in most of the world but building codes render impossible in most of North America)
Landlords constantly complain about tenant powers in Quebec, but I personally know half a dozen people who have been illegally forced out of their homes by crooked landlords, with essentially no recourse.
So why are prices still soaring? Landlords and the government that’s on their side?
The mentioned province is a place where left-wing NIMBYism is dominant. „Don’t build condos/ elevated transit here because they gentrify/block the view of a park/disturb an owl habitat/etc.“ is a statement that’s unfortunately all too common.
That, and people are moving here from other provinces because it’s cheaper, and are driving up demand and rents.
We don’t have rent control. We have rent suggestion. That’s why the prices are soaring. It would be rent control if there a way to keep landlords from profiteering from the housing crisis. It would be rent control if the „luxury rental condos“ they keep building instead of affordable rentals were forced to rent at affordable prices until the crisis is resolved. It would be rent control if owners of empty units were forced to rent until the market regulates itself. It would be rent control if owners couldn’t use the TAL to discriminate against renters who defend their rights (as opposed to renters who are bad payers or renters who are problematic litigants). It would be rent control if keeping units empty for a year didn’t allow landlords to later on charge whatever rent they want.