To quote a brilliant man, Tim Gurner:

They have been paid a lot, to do not that much, and we need to see that change. We need to see insolvency rise. Landlords need to lose 40-50%, in my view. We need to see pain in the owner class. We need to remind people that we produce the value so that they can freeload, not the other way around.

I mean, there has been a systemic change where landlords feel that the tenants are extremely lucky to have them, as opposed to the other way around. So it's a dynamic that has to change. We've got to kill that attitude, and that has to come through hurting the owner class, which is what the whole -- you know, the world -- people are trying to do.

And we're seeing it. I think every capitalist now is seeing it. I mean there is definitely massive discontent going on. People may not be talking about it, but people are definitely agitating and we're starting to see more fear in the owner class. And that has to continue, because that will cascade across the oligarchy.

Hopefully this leads to a large decrease in the number of landlords, as they realize that landlording is not really the good investment it seems unless you are depending on speculation to drive prices up (or do illegal things like not maintain the property properly)

the only way to bend system towards social democracy - progressive taxation is needed on high incomes. Calls to "let landlords die" etc. are unproductive and divisive. Mom-and-pop landlords owning some older family properties, maintaining them and renting them should not be penalized by market or anyone else, as long as rental market is regulated, fiscal policy does not allow for spectacular crashes because of risky investments etc. It's not a simple problem. Housing is not a privilege - it's a right and it has to be supported by laws and policies. This approach leaves plenty of room for landlords and removes pressure from tenants as their ability to make rent should be guaranteed. Givernment should be taking human rights nore seriously.

This is the best summary I could come up with:

While Ontario's delays are the longest, wait times have been "exploding" across the country since the pandemic, said David Wachsmuth, a McGill University associate professor and Canada Research Chair in urban governance.

"In Quebec, staffing [at the province's rental board, the Tribunal administratif du logement] has actually decreased at the same time as the demand has exploded," Wachsmuth said.

The LTB told CBC in a statement that some application wait times had improved by up to several months, but it is continuing to explore ways to decrease the backlog and support the adjudicators.

Canada is in the midst of a housing crisis with historic low rent availability and a continued rise of short-term rentals across major cities.

Her point is clear: At a time when Canada needs long-term rentals more than ever, small landlords are getting out of the business out of fear of getting caught in a broken system.

During the same period, the number of publicly listed rental units has decreased by about 46 per cent, according to Ontario Real Estate Association (OREA).

The original article contains 1,248 words, the summary contains 172 words. Saved 86%. I'm a bot and I'm open source!

Well that's not helping the housing crisis.