87
Financial firms are driving up rent in Toronto — and targeting the most vulnerable tenants
(theconversation.com)
What's going on Canada?
🍁 Meta
🗺️ Provinces / Territories
🏙️ Cities / Local Communities
Sorted alphabetically by city name.
🏒 Sports
Hockey
Football (NFL): incomplete
Football (CFL): incomplete
Baseball
Basketball
Soccer
💻 Schools / Universities
Sorted by province, then by total full-time enrolment.
💵 Finance, Shopping, Sales
🗣️ Politics
🍁 Social / Culture
Rules
Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.
Misinformation is not welcome here.
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca
REITs are fine, but they do need strong regulation. They're best when targeted at building high density housing, but can be used to develop single family suburbs.
The key is that you have to time limit their ownership of single family homes, and require the sale to individuals. That forces them to build and sell, they make money, the market expands, houses stay affordable. For high density buildings they have to be limited to a portion of the area market, including all corporate owners. Which again forces them to build and sell, and also keeps competition in the market, to avoid price fixing.