According to a new report from Rentals, In July, the Canadian rental market hit a record high with an average asking rent of $2,078, marking an 8.9 per cent annual increase.

  • cooljacob204@kbin.social
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    1 year ago

    While I don’t completely agree with an outright ban imo there should be strict limits to the amount of residential property a person or corporation can own.

    No one should be making significant profit off of something so essential.

    • setVeryLoud(true);@lemmy.ca
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      1 year ago

      Make property ownership a shit investment.

      Cap revenue from rent to 5-10%. Tax the living fuck out of empty properties so they’ll take someone, anyone. Tax higher the more properties they own.

      • Skyline969@lemmy.ca
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        1 year ago

        Also outright ban AirBnB and make it so corporations are not allowed to own houses.

        • setVeryLoud(true);@lemmy.ca
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          1 year ago

          Yes please, houses are for people, corporations have no business (heh) owning houses.

          AirBnB is exacerbating the problem, they need to be regulated to hell or outright banned.

    • Pandemanium@lemm.ee
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      1 year ago

      We should really crack down on Airbnbs. Why make $2000 a month by providing a place for someone to live when you can make $500 in one night from a tourist?

    • blazera@kbin.social
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      1 year ago

      Landlords only buy property as an investment vehicle. You cant keep landlords and not have housing being a money making scheme.