Rent control policies are regulations that limit the amount landlords can increase rent, intended to keep housing affordable. Proponents argue that it makes housing more affordable and prevents exploitation by landlords. Opponents argue that it discourages investment in rental properties and reduces the quality and availability of housing.
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@ISIDEWITH12mos12MO
Yes
@B4M44LQ 3wks3W
The overwhelming consensus among economists is that rent control reduces both the supply and quality of housing. While rent controls might help slow the growth of rents in the short term, they do this by interfering with how prices normally balance supply and demand. By keeping rents below market levels, they discourage new investment, delay or stop needed repairs, and ultimately lead to fewer units being available.
The downsides don’t end there. Rent control also messes with how people use housing. Tenants often stay in units that no longer fit their needs just because the rent is cheap… Read more
@9QXDWM810mos10MO
Way too much bureaucracy to properly enact it, which is a burden on the taxoayers AND hurts people that want to rent more than landlords as landlords that are not profitable anymore due to rent control will just sell, or leave their space empty. So less supply, while the demand remains the same.
@ISIDEWITH12mos12MO
No
@B4M44LQ 3wks3W
Diamond, R., McQuade, T., & Qian, F. (2019). The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco.
Kholodilin, K. A. (2024). Rent control effects through the lens of empirical research: An almost complete review of the literature. Journal of Housing Economics, 63. https://www.sciencedirect.com/science/article/pii/S105113772400020.
CrashCourse. (n.d.). Price Controls, Subsidies, and the Risks of Good Intentions: Crash Course Economics #20 [Video]. YouTube. https://www.youtube.com/watch?v=01lKDkYSFDg&t=223s
Clark Center Economic Experts Panel. (2012, February 7). Rent Control. Kent A. Clark Center for Global Markets. https://www.kentclarkcenter.org/surveys/rent-control/
@B279VDF4mos4MO
Even though it is more difficult for renters in the short term, a lack of rent control incentivizes building more supply quicker.
@B4SR5552wks2W
it depends on how much was paid for the property and whether there is a housing shortage. Housing shortage should be met with temporary federal or provincial low income housing. shortages should limit foreign purchase.
@ISIDEWITH8mos8MO
How might rent prices affect your decisions when choosing where to live after high school or college?
I really think the rent on housing for every citizen is absolutey terrible for rent money it is WAY to high i defenetly think that as well and would agree with me , it really does not seem the government cares on the prices is so high i bet that half of the citizens of canada could barely aford anything...
@B4622K91mo1MO
Yes, rent should not be for profit. Rent should be limited to the same square foot cost the homeowner bears. A renter should only cover the cost of the space they occupy. People should not be allowed to own more than one residential property per municipality.
@B44WNB21mo1MO
It should be the owners choice, but they can not have the rent be higher then their mortgage, profiting from renters. Should they not have a mortgage.
@B43N69X1mo1MO
No, but people/companies/household shouldn’t be able to own more then 3 properties. Increasing availability of homes for purchase, and lowering competitive rate inflation.
@B23CRQ35mos5MO
Yes, housing is a basic right and should be free of charge.
@9S3NX6KConservative9mos9MO
It depends as rent caps can also have the opposite effect you tell someone this is the max you can charge they are going to charge that every time regardless of actual value
@9RZPX679mos9MO
yes, given that the rent control policies do not crowd out, or affect landlords that are providing a solution to the housing market situation
@9RFSJMHIndependent9mos9MO
rent control is a very short term pause and can only be permitted i paired to other measures
@9RFBPZV9mos9MO
Yes, for basic residential family living. No to "luxury" living spaces.
@9RD97H39mos9MO
There should be some controls in place to ensure low income housing stays reasonable but also provide landlords with better protections on their investments in the way of subsidies or some form of special insurance to offset the added risks.
@9RC7M429mos9MO
Yes, but only temporary limits to allowable increases in rent
@9RBZPSZIndependent9mos9MO
No, but have the rent charged factor into how much the landlord pays in taxes
@9RBY87R9mos9MO
No, but they should implement an "empty room" fee to incentivize landlords to fill their lodgings
@9RBVDVT9mos9MO
No, the government should encourage development to 8ncrease supply.
@9QZGVST10mos10MO
Yes, and the government should provide assistance against economic shocks to small-size landlords to make this more possible.
@9QV4KY210mos10MO
No, it distorts the market and end up at the disadvantage for everybody
@9MYNRMN11mos11MO
Yes, but within reason to avoid landlords not being able to make a profit.
@9MQ523C11mos11MO
Yes, and it should be tied to inflation and overall rent cost
@9MNP82G12mos12MO
It depends on the how much interest the mortgage is on, with rising inflation landlords need enough to pay mortgage.
@9MLXWMN12mos12MO
May be temporarily. But, the market should be allowed to run its course. Let supply and demand play itself out. Solve the problem at more grass roots level such as controlling immigration, develop and urbanize smaller cities to take the pressure out of the already saturated big cities like Toronto.
@B3DPTK82mos2MO
Only for corporate landlords, not private owners renting unless they have more than 3 units
@B2W38R63mos3MO
YES. Rents are outrageously high and rent control is the only thing that slows that for profit land-lords creating the much of the housing crisis.
@B2L42TM3mos3MO
No, create a quota that 60% of the rental housing needs need to be developed by nonprofits
@B2HMZCY3mos3MO
It’s been made very clear that the government has no interest in doing so however I do feel that the housing market has gone beyond outrageous in terms of pricing and affordability
@B2C6CJZ4mos4MO
Yes, but not until the housing market stabilizes and cost of living which greatly effect the cost of mortgages and other expenses that in turn make the cost of rent fluctuate area to area
@B2BMK7B4mos4MO
Yes, & ban corporate & foreign investors from purchasing residential real estate.
@B29H2J54mos4MO
There should be regulations on how much a landlord can increase rent year over year, but building additional housing should be the priority.
@B26DKV34mos4MO
Yes, but only in buildings with ten apartments and above
@9WYDMSD6mos6MO
Yes, in a populous urban center the max should be $1000 per bedroom, in rural areas with less people it should be a max of $300 per bedroom. landlords should not be able to charge more than that, in a compromise we need to do more to lower the cost of living and the expenses of landlords so they can make more profit, cover the maintenance more effectively and keep prices low while not screwing them out of the ability to live.
@9VR8FZ87mos7MO
No, but the government should implement the same initiatives taken by the Finnish government's Housing First Program
@9TC7PPGConservative8mos8MO
Yes, but allow the landlords to put out their own prices and talk to the government to make appropriate prices.
@9SY83328mos8MO
Yes, rents should be held to the same income proportion as a mortgage.
@9SS6G4R8mos8MO
No, but if landlords aren't being conscientious, they should punish it.
@B34KQJS2mos2MO
Yes, housing is a basic right that should be affordable to everyone
@ISIDEWITH8mos8MO
@ISIDEWITH8mos8MO
@ISIDEWITH8mos8MO
@ISIDEWITH8mos8MO
@ISIDEWITH8mos8MO
@ISIDEWITH8mos8MO
@ISIDEWITH8mos8MO
@9ZK3JNS6mos6MO
Yes, $500 max per bedroom in a rural area and a max of $800 per bedroom in a larger population center. tax benefits and subsidies to landlords who keep their rents lower than that threshold with more incentives the lower they set their rent.
@ISIDEWITH8mos8MO
@ISIDEWITH8mos8MO
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