I'm so glad I'm not the only one saying this.
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I'm so glad I'm not the only one saying this.
The cynic in me believes the reason why governments don't operate more rentals is because they know they can't follow their own rules that they have established or those in lower jurisdictions (such as provinces and cities) have established.
Early on, when governments could have had non-regulatory market involvement, instead they opted to regulate, turning off would-be landlords from ever taking on the role of rental management, thus hurting supply.
What could have been an elegant opportunity for tenants to just move from home to home when things became unbearable, instead, governments put a metaphorical chain-link fence, so that the landlord is now just metaphorically barking behind it in hopes the tenant leaves.
The tenant would love to leave, but they're grandfathered into a sweet deal thanks to rent control. That, and their wages probably haven't caught up to match rental rate growth.
