A complex problem for any city. How do you provide affordable housing and at who's expense. I can tell you from a Landlords perspective the rent roll increases allowed by the city are not realistic and penalize Landlords. I am also aware that incomes do not increase in line with general inflation. I do find it interesting that while rents are controlled our insurance premiums are some of the highest in the country. What about cell phone premium controls or heating/electrical controls?
I would really love to hear peoples perspective on this article - landlords and tenants.
"Toronto city councillor Anthony Perruzza is so concerned about similar complaints from tenants in his renter-heavy North York ward, that this week he introduced a motion before executive committee urging the province to make all rental units — including investor-owned condos — subject to rent controls “to level the playing field” in the city’s tight rental market"
CHECK THE LINK BELOW FOR FULL ARTICLE.
http://www.thestar.com/business/real_estate/2013/05/31/pressure_mounts_for_ontario_to_extend_rent_controls_to_all_tenants.html
