Rent controls and vacancy decontrol hurt renters just as much as landlords — via financialpost RealEstate Mortgages rentcontrol
Landlords and builders despise rent decontrol because restrictions on rent add uncertainty to future revenues when ownership costs increase faster than rent revenues.Article content
In places with a growing population, rental demand will increase over time. If there aren’t enough purpose-built rental units, prospective tenants will be forced to rent from private landlords, whose properties are often more expensive and do not offer the security of tenure. The state of most publicly owned housing offers enough proof that even public-sector landlords cannot maintain dwellings when rents do not cover ownership costs.
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