„Eigentümer von Unternehmenseigentümer, die Wohnungsmieterhöhungen in Toronto treiben“ – The Globe and Mail
https://www.theglobeandmail.com/business/article-corporate-property-owners-fueling-housing-rent-increases-in-toronto/
„Eigentümer von Unternehmenseigentümer, die Wohnungsmieterhöhungen in Toronto treiben“ – The Globe and Mail
https://www.theglobeandmail.com/business/article-corporate-property-owners-fueling-housing-rent-increases-in-toronto/
5 Kommentare
Small-time landlords are fueling it, too. Don’t give them a pass just because they’re amatuers.
All of the worst landlords I’ve had were amatuers who expected easy, passive income. Corporate is cold and calculating but they never entered my unit without notice or told me they had to use my bathroom for a month.
The commodification of housing, in all its Glory. REITs, corporate ownership, foreign ownership, short-term rentals, reverse mortgages, longer amortization terms, easing access to insured loans through cmhc. What have I missed?
Homes that would have been $200,000 at most, adjusted for inflation and given the affordability metrics available to our parents, now go for between $900,000 and $1.5 million in my neighborhood.
That’s funny. Asking rents in the „corporate“ owned apartment building that I live in are down (and significantly so) from what I was seeing last year.
> The research recommends that the erosion of housing affordability resulting from corporate ownership should be counterbalanced by policies that regulate rental housing, protect tenants’ rights and support social housing regardless of the type of landlord. “The government has goals to improve housing affordability, but their programs give funding to organizations who eviscerate housing affordability,” Ms. August said in the press release. “We don’t think that they should be accessing support from the Canada Mortgage and Housing Corporation or Canada’s National Housing Strategy.”
It absolutely kills me that my tax dollars are going to for profit businesses to rent me a place to live.
I am completely in favour of my tax dollars going to build more housing to create more non market housing. I am completely in favour of my tax dollars going to cooperatives to get them started to maintain long term affordable housing. Or, occasionally and when the circumstance calls for it, directly to individuals and families to contribute to their housing costs.
But in no circumstance can I support, or understand, why the government is subsidizing corporations to rip millions of Canadians off with AGI to my rent year after year. Rent seeking corporations (and individual investors) should be subject to alcohol and tobacco-like sin taxes. They are a detriment to our collective health.
It seems possible that casual condo owner landlords are lazier than the corporate guys and forget to raise the rent more often, but you’d think that everyone would be just as greedy.
If they didn’t control for the age of the building and the dynamics of whether corporations tend to own newer units it could just be that that is the difference.