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.
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.
There are lots of ways that gap could be filled. Landlords exist to make profit by filling that gap. They have a financial incentive to maximize returns and minimize expenses, and have the leverage to do so to an exploitative degree.
Another way to accomplish that would be through cooperatives, which are non-profit corporations that exist to provide housing. They have a mandate to maximize utility to their tenants, and have no profit incentive leading them to exploit their tenants.