449
submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca

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.

you are viewing a single comment's thread
view the rest of the comments
[-] ShaggySnacks@lemmy.myserv.one 24 points 1 year ago

Approximately 40% of MPs are landlords.

Approximately 20% of Ontario MPPs are landlords.

More information for the provincial politicians.

Who knows how many politicians at the municipal level are landlords.

Politicians have a clear, genuine interest to continue the system as is, so they can continue to make money off this. Add in the fact, that home ownership is considered the sacred cow of the investments and nothing can happen to that investment.

Guess what? People lose money on investments on all the time.

this post was submitted on 30 Aug 2023
449 points (98.3% liked)

Canada

7139 readers
227 users here now

What's going on Canada?



Communities


๐Ÿ Meta


๐Ÿ—บ๏ธ Provinces / Territories


๐Ÿ™๏ธ Cities / Regions


๐Ÿ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


๐Ÿ’ป Universities


๐Ÿ’ต Finance / Shopping


๐Ÿ—ฃ๏ธ Politics


๐Ÿ Social & Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS