Investigating a rise in ‘own-use’ evictions
HTML-код
- Опубликовано: 17 окт 2024
- Own-use evictions are up 85 per cent in Ontario, pitting angry tenants against landlords who say they need their properties back. CBC’s Ioanna Roumeliotis investigates what’s behind the increase and talks to tenants who worry they could soon be living on the streets.
#Housing #Ontario #News
Watch The National live on RUclips starting at 9 p.m. ET
Subscribe to The National:
www.youtube.co...
More from CBC News | www.cbc.ca/news
The National is the flagship of CBC News, showcasing award-winning journalism from across Canada and around the world. Led by Chief Correspondent Adrienne Arsenault and Ian Hanomansing, our team of trusted reporters helps you make sense of the world, wherever you are.
![BRASIL vs. PERÚ [4-0] | RESUMEN | ELIMINATORIAS SUDAMERICANAS | FECHA 10](http://i.ytimg.com/vi/tbyOJKXfQnI/mqdefault.jpg)
We’ve opened comments on this post to hear your ideas and experiences related to this story. Comments remain closed on other posts to try to reduce harm to the subjects of our content, our staff and the audience.
Why aren't your comments always open? Is the CBC not a federally subsidized news organization? Not having comments enables limits the free speech and sharing of opinion on important topics which you cover. Not having a space for free and open discussion makes media like this entirely one directional and doesn't bode well for the stereotype that the CBC is just a megaphone for the Liberal party.
CBC, RUclips deletes harmful comments anyways. With or without your constant control.
CBC is owned by the people of Canada. Who ever thought it was a good idea to shut down comments on any story needs to be fired immediately. The people of Canada must not be forbidden by the nanny state to have their say. Even if it clashes with the obvious far left ideology of the CBC
My comment was deleted for hurting someone’s feelings
The fact that CBC has to keep most comments off is telling of the mental health of Canada citizens. CBC doesn't want the people they interview nor their staff relentlessly harassed or subjected to comments that would lead to mental health deterioration. Canada has become so stressful on a day to day basis that comments on a RUclips video could be the tipping point for some people. Honestly...stop and think about fact for a minute. Has Canada fallen that far without us realizing it? Much love to CBC. Thank you for giving people a voice when they might not have had the opportunity to be heard. ❤
Why isn’t there more social housing? Disgusting. Plenty of money for wars.
The current Liberals government is helping make Ukraine great again.
You need a place to put them. When I lived in Halifax, any and every proposal to build low cost housing or apartments was shot down by NIMBYs no matter where in the city they proposed to build them.
I'm in Fredericton right now and two entire developments of mixed apartment types are stuck in limbo for the same reason.
We don't have enough vacancy for all types of housing, but any attempt to build more is halted because everyone wants their neighbourhood, and the neighbourhoods around them, up to and including the whole city to remain the same.
There will be a breaking point eventually but not in time for a lot of the current people facing eviction.
@@Crosbhealachthere are lot of land in Canada, the problem is every one want to live close to big city.
if the gov encourage work from home more, there will be less need to live near city. local business will grow.
the empty commercial building in downtown can be converted into residential housing
It's not money for wars!!!! It's money for defending our demoncracy from Putin!!!!!!
CBC need to investigate people who are in government housing . Some went on to buy their own houses and never give up the coop houses they rent to friends and make money. Someone in the system not doing there job . The population grew so big they stop coming and check . Too much slacking in doing there job . This is why this mess happening.
This housing issue in Canada is inhumane, rents are out of control.
You probably voted left...
@@michael2275Is that a joke? I don't know a single person who wants to vote left, SPECIFICALLY because of the housing situation.
@@tegandetermann3299The Conservative housing plan, led by Poliviere was never realized. Please inform yourself before making right/left assumption comments
@@tegandetermann3299 bahahhah its the con party who caused the housing crisis, not the left. Ill never vote conservative.
@@Powell19119who has been in the office in the past 15 yrs, during which the housing crisis actually emerges?
Government: there's a housing shortage and people are becoming homeless but lets bring in 1.3 million people anyways 🤨
That's why Trudeau is a dumbass. Bring ppl in and have no housing to put them in. He and his government obviously didn't consider that.
@@joept333 this is INTENTIONAL. wef program to take over and install “stake holder capitalism”, ie COMMUNISM run by the uber wealthy.
Right!! It baffles my brain at the thoughts behind this idea that bringing in all these new immigrants every year is going to help anyone. We don't have enough housing for the people already here. Food costs are unbelievable as well as some provinces are seeing food shortages in big band grocery stores. Our healthcare in every province is in shambles and people are suffering. So why bring more people into this country with promises of a better life for them to struggle with the rest of us.
@@joept333 easy they don't like those sort of truthful comments here
Here’s a truth for you. The government is making money from the new immigrants and they are spending that money on you. Then think about all those who don’t get approved to migrate, all those fees are pocketed by the government. Except the indigenous, everybody in Canada is a customer to the government and the government will always make its money.
I suspect that Kostos' landlord won't repair or maintain the apartment because he's hoping Kostos will get fed up and leave.
Yea the place needs some repairs but it looks like minor things like the bathroom needs some new tiles but look how dirty the place is like the guy needs to clean it. I think the landlords trying to evict home because he dosnt clean.
@@ryans413exactly so many who don’t take care of thier place landlords couldn’t keep up if they tried. I find that a lot of foreigners and the ignorant poor won’t say anything out fear of deportation etc. So they don’t complain until they have to leave then they call Slumlord after the fact the man probably wouldn’t even let the landlord in.😢 we don’t really know
He can move back to his country. I dont know why immigrants think they can live in a costly country
The LTB needs to speed up their process. More LLs will be willing to rent their properties if they know if a tenant stops paying rent they can be evicted in 2 weeks rather than a year!
The LTB is a joke! The feds need to take over and fix it!
One piece of advice I have if you can't afford legal representation is to draft a legal letter (free templates on google) suggesting/requesting a "Cash for Keys" deal. The lanlord of course under no obligation to reply or participate but it's better than nothing.
I have seen and heard of some tenants getting $20,000 and more, I know it's not an ideal solution but you can definitely put money down on an apartment, i've heard some instances where people used that money all up front to cover a years worth of rent and in some cases i've heard landlords budging a bit on the rent amount.
I wish you all the best! Keep your heads up better days are coming! ❤
Its the LTB 'process' that is in fact designed to destroy small landlords and drive them off their properties. It is all by United Nations design ... see Agenda 2030.
Seeing Kostos’ unit is so sad.
Yes, he seems to live without any self respect 😢
@@liftedgifted6010 looks more like 20 years of landlord neglect. when the landlord won't fix the walls and floors it's no surprise the unit would look like that. His landlord certainly well into the "slumlord" category
@@seijamathiasen9273 it's not the landlords job to clean his place...
@@danielkovacsrealestate❤
@danielkovacsrealestate why is it that people don't see this? You're correct in what you're saying.
As a Swede, the way things work here in Canada sometimes baffles me. So many private landlords. Most rental units in Sweden would be owned by large housing corporations.
So staying in an apartment for decades is easy. Just pay your rent, which increases by a certain amount. Corporations don't care as long as it is occupied and rent paid. Sure there are people "subletting" or renting out condos they own etc. But it seems to be a much higher prevalence here.
But a lot could have changed in Sweden too. But definitely not the crisis like over here. Now people can be working and normal and end up homeless. Used to be drug addicts and alcoholics etc that really screwed up to end up on the streets. Who can afford $1700-2,000 for a small apartment these days. That is example of unit cost of a town 1 1/2 hours from Toronto.
Everything is turning into this 3rd world, feudal like land.
That is EXACTLY what happened in Canada, The boomer retirement plan was to rent out and move to a cheaper country and add properties with your leverage. They stopped building actual purpose built rentals in the 70s. The only public funded apartments are for low income.
Great comment, good to know and build awareness about how these things work in other countries. I would love to have the same system here!
In Canada too apartments are controled by big corporations. the issue here is we dont have non-market housing, like they do in Germany and most of Europe.
@@todayandtomorrow123 I lived in Japan for over 10 years. It's super easy to get an apartment for $500/mth. They are everywhere. This is one hour outside Tokyo by train. Wages for workers and prices for rental until are the same as they were when I went over there 22 years ago. But it's sooo easy to find rental units. Small? Yes. But you manage and everything around town is very accessible on foot. 10 min walk to everything you need: shopping, medical clinic, train station etc. Cozy and convenient. And cute women EVERYWHRE lol
here, politicians scare people with "big bad housing corporations", and say it's all their fault haha
We Need social housing, not mom and pop investors paying for others to be housed when they are losing their own homes due to high interest rates.
yep
This isn’t going to work in Canada, this is capitalism not socialism, there’s no money in social housing.
The problem with socialism is that eventually you will run out of other peoples money.
@@mikec3971 The problem with capitalism is you run out of other peoples money -FTFY
@@lextacy2008funny because capitalism is actually the driver for things being built as soon as possible while Socialism on the other hand is the biggest waste of money and takes forever to actually get things done. I think you need to realize that if the government wasn't taxing everything in the building process so much that the prices things are being sold at wouldn't be as high. Even income from property that landlords get is taxed and basically 50% goes to the government so really if the government cared they would tax a lot less but they are banking on rent going up themselves which is why they don't...
For some people renting is their only option, for the rest of their lives. So someone’s apartment could very well indeed be their forever home.
Find a good landlord I know that’s hard to do but a good landlord will want to keep the tenant happy and paying rent. Both tenant and landlord need to work together.
He should not evict him he can do some upgrades in that apt. That's what the landlord needs to do
This happened to SO MANY friends and their families when housing prices went up. Landlord would say they needed it for a family member but would turn around and sell it instead or rent it for a much higher rate. If they were in their places a long time, it was an extreme shock to find out what rentals were going for. Watching 1 bedrooms skyrocket from 650 a month to as much as 2300 in some buildings, was disheartening. Especially when you only receive 375 for shelter if on disability.
To be fair, how about all fee and services increases. Landlord has to pay double for mortgage as interest increased. Property tax increase significantly. Condo fee also increase almost 30%. So people should claim government for inflation, capital gain tax, carbon tax instead. If rent controlled. So property tax should be controlled approximately with rent??
@@minhvo4739
All types of investments have associated fees and taxes, which understandably eat into investment return.
It should not be the tenants' responsibility to shoulder those fees and taxes.
I believe you can sue landlords that do that
Why should a landlord not have the right to use his property...you people are unbelievable...smh. you know there's no mercy when it comes to mortgages
@@minhvo4739 Who do you think is going to be able to hold a job and pay that much for rent when LLs evict them out of a home? You know who can afford that level of rent these days? People who sold their homes because they can't keep up with repairs or property taxes.
Oh Canada, what have you become?
Where finding a job has become a career, and a place to lay your head in peace is called the grave.
Oh Canada...
Blame unfettered immigration, we don't have room for all of these people
Don’t forget the huge profits of Loblaws et al
Financially squeeze were you live and what you eat. Like it’s not like you need those things to live
😂
Sunny ways.
@@johnobrien269 well until people develop a taste for open fire roasted corporate executives, they will probably continue fleecing the world so they can buy a bigger yacht.
It's OK when governments raise property taxes by 11% in one year.
It's OK when insurance companies double their premiums.
It's OK when strata increase their fees by 5% twice a year, even during COVID.
It's OK when your mortgage rate went from 1.5% to 6% in 1 year and your monthly payment's when up by $2k/mo, even when BOC said they wouldn't raise rates.
It's OK when your utilities go up year after year.
It's OK when restaurants charge 25% more for 10% less, and request 18% minimum tips.
Those are all OK because of inflation.
When landlords want to raise rents? No, that's rampant greed.
No one said any of what you mentioned is okay none of it is.
@@ryans413 Who's saying it's not ok? Government allowed all of those. They froze rent payments, rent increases, and evictions during COVID, but did not freeze property taxes or strata fees. They themselves raised interest rates by 5% but said landlords can only increase rent by 1.5% in 2022 and 2% in 2023 in BC. Turning a blind eye is equivalent to saying things are ok.
It's ok when your equity jumps 50 to 100 per cent in a decade.
This is all downstream of a chronic lack of purpose-built rentals. Think about it this way, if a unit has been built specifically to house a renter, there is no claim for "personal use" in the form of an N12.
It used to be profitable in the 1970s to make rental apartments, but then there was some tax changes that made it far too expensive to operate rentals, so builders got out of the business of rentals, and instead sold condos.
At the same time, the government had a public finance crisis in the 80s and 90s, and they quickly exited the housing business themselves, and downloaded a bunch of responsibility to the lower levels of government, which offloaded it to the private market. This basically killed public housing and co-ops.
This was all supercharged by having strict lending regulation which required that 60-70% of condos had to be pre-sold in order to begin construction, and when a home won't be ready for anywhere between 3-7 years, guess who is buying? What option was left? Mom and pop condo investors.
A bunch of Boomers and Gen Xers who we're all hyped up by reading Rich dad poor dad, which made real estate their path to riches (plus a fair share of foreign / illegal money) is driver for our housing supply for the last 30+ years. We've effectively made it illegal or prohibitively expensive to build anything else.
We don't have a robust government program to build out supply, and allocate it in a responsible manner like Singapore, nor do we the incentives and structures in place for strong co-op housing like Germany or Sweden, and we don't even have the free wheeling boom and bust over building that makes rents cheaper in Texas / Atlanta. We have the worst of all worlds where housing is expensive, in low supply, difficult to build, and a financialized asset.
We simultaneously have too much and not enough government where they are extracting taxes from building and heaping on regulation to make it difficult to build, while not ensuring there is adequate housing that is affordable for regular people, and are in fact rewarded when housing goes up in price by their boomer constituents.
But no more rental buildings
@@josephk87171 Please do not blame this all on boomers. There are poor boomers too you know!
A very good summary of what has occurred since back in the day. And a nice way of comparing it to how other countries take care of housing. We truly have it the worst possible scenario
Sadly if you wanted to build your own, say an earthship (look it up) to save costs , their building inspectors are so behind technology wise that they squash every new idea that comes along.
Corporations don’t want to get into the rental business either because RTB rules are heavily in favour of the renter. It’s a lose-lose business.
As a renter, i dont care why my landlord wants me out, as ling as he gives me enough notice BECAUSE i know its not my place. That's also one of the reasons why i never rent from private owners
Don’t blame homeowners for rising rents.. blame rising interest rates, property taxes, insurance, cost of renovations etc..
I absolutely can blame the homeowners because they are forcing others to a miserable life because they made bad financial decisions. You have a house, we do not, you are forcing any extra financial burdens YOU have on people who can even get close to your situation because of you.
In short blame Trudeau!
@@Parodyzrussarcasm right.
@@peters9401 Cons love to blame Justin for their poor choices in life bahahahh
@@DUxMORTEM the homeowner increase in rent is not even as high as inflation so stop blaming others because you are having a crap life! I hate angry people who blame everyone else!
If tenant is not paying rent and you punish the landlord with a 1 year process guess what you will have shortage.
If you increase immigration like the way Canada has that also won’t help.
Homelessness in Ontario, after Ford abolished rent control, went from 21,000 in 2018 to a whopping 236,000 in 2024. Our politicians obviously represent the private sector, not the public they're sworn to serve. Ford has increased his net worth to over 400+m since becoming Premier, lol. 400+M!!!! We need to nationalize everything and create jobs and wealth for each other, not predatory mega corps.
Maybe if small landlords had confidence in renting out there would be more available units. But as it stands it's pretty reckless to rent out anything with lack of legal protection and support.
Why in the world would anyone want to support random stranger financially for months on end as they destroy your home and you have no power to get them out?
Yep, I understand both sides!
Mortgage rates have gone to the roof!
$ 1000 a month increase!
Who can pay that?!
Then buy a home and stop renting. Oh wait, you probs can't afford it or qualify.....but sure landlords are the problem and not lack of supply or over densification or immigration levels being too high hey?!
@@user-jd1bk6sy1m the combination of all those factors is creating the current issues
@@user-jd1bk6sy1m can't we hate ling ling, landlords and gaggindeep equally?
@@user-jd1bk6sy1m try realizing that they all contribute to the issue
There should affordable living for seniors and people on disability. Government is human for environment and animals, but not for people.
There is it’s called low income housing.
@@ryans413 which has a waiting list of years
I see so many elderly people homeless more than ever. It’s heartbreaking.
I wonder why homelessness problem is blamed on the landlord ? The govt is never mentioned no one petitions them to build more they all point fingers on the Landlord. and why doesn't CBC run a program on the Pro tenants that don't pay rent for Years .. until evicted. Or the damages. Up to 30,000. and how many cash for keys. Tenants are getting paid. Out .. no you only show a one sided view and point the finger at One entity . When it's the Ltb, it's the govt , in fact Ontario is the only province where you can't evicted for non payment of rent. For at least 2 years. Never mind a N12 which could take up to a year ..
Both parties are at fault. Landlords and governments. FTFY :*
You can only get evicted for not pay for 3 months in a row to get evicted. And usually they would rather do a payment plan to help you catch up provided you have signed a lease.
I looked it up. Before 2000, only 65% of Canadians owned/had a mortgage on a house.
Meaning renters where always a large population of Canadians.
Today, most people are long-term renters.
That woman saying, you shouldn't think of a rental space as your forever home is just being selfish.
People do need to feel that where they live, is their home. Not somewhere you are temporarily staying.
That's an unnerving feeling when you, every year fear that you might have to move but can't afford to.
This also dramatically affects families and their children. If they are continuously worrying about if they need to move each year when their lease is coming up for renewal, that's extremely stressful.
Plus, if you have to keep moving, the children suffer because they have to often change schools and make new friends.
The same is with seniors and the disabled. Belonging to a community and feeling secure that you know where you will be living long-term is important. And it must be affordable.
We have these wealthy people who bought multiple homes to push out others from purchasing and now have to forever rent or those that bought multiple condos who are jacking up rents.
Both groups are contributing to the over inflated costs to purchase and with extremely high rents, nobody can pay rent and save to purchase later on.
This is the whole Ellitist LandLords of yesteryear, controlling the working classes from enjoying a peaceful and reasonably standard of living.
We have gone backwards centuries...when does this stop.
Or do we just start having families pooling their money to by a few acres, and start building our own little hamlets again and go back to trades and small scale farming?
Makes you wonder what would long-term make more sense.
No wonder in Canada, there are so many small towns that started off as extended family groups, church communities, or close immigrant cultural communities. Think about it. And do some research into the smaller towns history across Canada.
Maybe big city life is a farce. And really, they are trying to create 15 min cities within our larger cities.
Well what do you think a small hamlet was. Maybe we need to start rethinking our own lives and our children's lives and go back to creating our own hamlets.
And shout screw you, you corporate, private elite, or foreign investors.
@@AmandaHugandKiss411Inspired thinking. It could work if, there were enough residents bringing money in and few spending money outside of the community. Amish values would serve well.
Uh huh. So all these landlords suddenly needing “personal use” units is TOTALLY legitimate… people have rent control and is legal… scum landlords hate it and are abusing loopholes to be evil
It’s shouldn’t be landlords vs tenants. This is on the government.
As an immigrant who arrived in Canada in 2009, back then, Canada was not perfect, but it was a good and humane place.
Just ten years of corruption and mismanagement of leadership can bring down an entire nation.
No place in Earth is perfect but Canada was far better than many other countries. It’s like our gov wants to devide us, to encourage racism.
I had a grown child of mine, looking for housing in Calgary. Looked for years until the move was necessary due to the sale of her rental. All the while she is looking, Calgary is promoting that people move TO Calgary. I was witnessing so many people looking for homes. My child found something with a roommate. The rent has increased three times in two years. The roommate moved, and a new roommate was difficult to find because the shared rent was $1200. Plus half of utilities which could be half of $800 in winter. No one can afford it.
Myself, I am on disability and work full time. The disability will end, I will be too old to work. It’s not that I didn’t plan, life played out differently. Divorced, destitute…
Single divorced, single parent or widowed and disabled women are the fastest growing population becoming homeless.
I would fix the bathroom myself. No reason to live like that.
Whats sickening is that landlords and tenants are fighting while the elects and their cronies are lining their pockets.
bahahahahahhahaha this is capitalism dear lol govt has nothing to do with it. These landlords are all gre*dy rightwingers.
You think the conservatives care? No, they don’t care about the little guy and crushed housing plans in favour of traditional single detached buildings
We are all about getting homeless animals 'forever homes', HOW CAN WE HAVE SUCH A HORRIBLE VIEW OF PEOPLE WHOM FIND THEMSELVES WITHOUT HOUSING?!?
Exactly! People care more about dogs than human beings!!!
What a terrible comparison!!!
YOU CAN BE COMPASIONATE TO BOTH!!!!
WHY SHOULD EITHER NEED TO SUFFER???
Studies have shown those who are CRUEL to animals are also cruel to the HUMAN ANIMAL! 🤔🤔🤔
btw, there are still lots of Animals being abused, tortured and mistreated.
I'm not sure how that is helping compassion to humans that are suffering.
In any given year there are almost 250,000 Canadians without a home... this should not be in a nation like Canada.
Thanks for doing this work. Evidently controversial but clearly hard on everyone involved.
Kosto destroyed his unit
Poor landlords having to deal with those nasty renters. This is what happens when govt abandons its citizens.
bahahahhahah Who cares about these con voting landlords lol I sure as hell dont
Ontario Landlords could not even raise rents in 2021, only 1.2% in 2022, 2.5% in 2023. Meanwhile in that same timeframe, mortgage rates have tripled, Municipal taxes up substantially, food up 35%, inflation up substantially, but landlords only get a total of 3.7% in past 3 years. That's just not reasonable or sustainable.
And sadly there is not stopping in sight.. sounds like heading to rich and rich class only situation
Turn buildings into co-ops, work with tenants to get in on helping with maintenance. If you have a Tennant whom is in construction, electrician, generallabour, you've got a ready work group if you figure it out!
Some buildings raised it up to 5% increase. 😒
You forgot to mention insurance which increased by more then 40 percent in some cases.
@@sg5720 only if built after 2018
If tenants need rent control, then landlords also deserve mortgage control, property tax control ,Hydro ,gas utilities and property tax control, if mortgage payments went double what the Landlord do ,two of my tenants didn't paid me ,one for 11 months and second for 9 months ,but we have to pay mortgages, property tax ,property insurance, Hydro and gas bills on time ,is it fair?
You are right about that. See about a 'rentbank' option in your area for your tenants to get funding to catch up. It would be paid directly to u in the amount that they owe. They have to prove they can afford the current rent going forward to qualify.
That’s the cost of doing business…
@@destinyschild5768yip and pass the cost to tenants. Business 101
@@destinyschild5768 part of the issue is that bad tenants are hard to remove so the good landlords lose not the bad ones whom play dirty
Landlords REALLY don't need any more help. No capital gain on principal home. LOL gtfo.
N12. Suite needed for personal use. Got it. I would withhold the rent and keep the money to purchase a van. They will be homeless, and a van keeps you mobile, dry and fairly safe.
The lady at 7:10 is correct. Renting is nobody'y forever home and they need to understand this and plan for their future.
How does that boot taste?
You tenants should ask your governments to stop funding Ukraine war and fund your affordable housing requirements.
We can do both freedumber
The problem is many of such governments are conservatives, who do not care about such things, as the people it affects do t make enough money for them to be a big enough deal
When you steal from a store over 500 it’s a criminal offence. When a bad tenant doesn’t pay rent for months, it’s fine no problem. These tenants deserve jail. And so new tenants can come in that will pay
@@jimmypham1230 true. Both are theft and have to face an punishment
This isn't about squatters, this is about tenants who pay their rent but are being evicted so the landlord can raise rents.
@@thebeefyleaf this isn’t about tenant. This is tenant who enjoy the house but doesnt want to pay for it
I was a renter for over 20 years. She's right, I knew those places were never my forever home. Why? Because jobs change, people change, circumstances in life change, things change. For the majority of people even if they buy a house, that house is not their forever home .... even when they think it is. Life happens. You have to go with the flow. In those 20+ years of renting I was evicted several times, its just what happens. Sometimes its because you lost your job and cant pay, and sometimes its about the landlord being shady/greedy. But that's life. When my life hit the low of the lows I thought I would never pull out, or make it though. There are always surprises in life .... sometimes they are really bad ..... sometimes they are really great.
Here’s my thought on this I’d rather rent then buy only because like you said you go with the flow of life if I bought a house and something bad happened in my life I’d be stuck trying to sell the house but if I rented I could leave and find a cheaper rental. It’s cool to own but how many people do you see selling there cars selling there homes because they can’t afford it anymore.
My new landlord is doing the exact same thing to me. Im out atbthe end of this month. Im paying $893 and live 10 minutes from work. Now i have to pay over $1200 and i have an almost two hour commute to work. I've lived here for 7 years.
I think that what the landlord representative said encapsulates a lot of the problems with the rental system in Canada. In Europe, there’s an understanding that only very very wealthy people can afford to own property. Everyone else rents. Rentals are understood to be most people’s forever homes. This makes more sense to me, frankly because even without the cost of buying into home ownership being so high for buyers, the extra government resources needed for most people (hypothetically) to live in a single-family home (i.e. added plumbing, roads, electrical grid, etc.) is ridiculous compared to most people renting. Renters are not guests and should not be treated as such. It’s true that many peoples financial situation changed, that’s why many people should not be landlords.
@@lolalee5118 even with big rental company, do you think they will stay same rent with higher interest and fee? Come on
@@minhvo4739 It’s more I think the system is easier to regulate when bigger companies are involved instead of smaller landlords. From personal experience, there are also seems to be more professionalism. But yes I do agree that in Canada bigger companies also have a lot more leeway than they should to screw over tenants
@@lolalee5118 in Europe alot of the large companies are non profit co-ops, plus point access blocks are more efficient
@@marhanen Interesting. Did not know that
@@lolalee5118 I just read news from Manitoba. One big company buy the building. They do massive eviction all of residents. I don’t think they are better. But more powerful to evict people quickly
Wait a minute! The man is a long-time tenant and the place is a mess. Did he put the holes in the walls? Has he lived in that mess all those years and is now pretending that it's the landlord's fault? The landlord is not responsible for his poor housekeeping!
Honestly, take a look at the fact and do not fall the the 'sob' story.
I had a couple move in to my fully furnished, basement apartment. They turned it into puppy mill within 15 days, destroyed shelving, dressers, etc and the when I finally got them out because a Sgt at the Ottawa Police actually knew and followed the law, they stolen stuff.
Not once did they walk the 2 males and 2 female pitbull dogs...the apartment reeked of urine.
I could have sworn that owners own use does not apply to buildings with more that 4 apartments..
It doesn't. Apparently that doesn't matter though.
condos are a different situation
@@MattSmith_Is_Awesome I was talking about apartment blocks..
The N12 form cannot be used by a Corporation. Most that will own many units (or a whole building) will be incorporated companies.
@@kcostain It's always wise to do a quick title search when issued a Form.. Or signing a lease for that matter..
This happened to me. I can speak on the character of my landlord because he was my neighbour, and he was entitled, rude, disrespectful, never looked after his properties, and nosey etc. I'm glad I dont live there now but he evicted us for "personal use". Turns out personal use was raising the rent for the next tenant
We need guarenteed rent controlled buildings paid for out of taxes. Much cheaper than letting people go homeless which costs us more..
That's the worst idea I've ever heard. More socialism won't solve this issue
@@people3865 properties bought for profit using debt will always have this issue. Properties built for the people by the people dont need profit they just need to pay for themselves. Interest rate rises? Doesnt matter, property has no mortgage. No investors getting screwed by the market needing to move into the units. No investors looking to demo the building to built more expensive units. Less low income people who cant afford rent increaces living in units that will need to increase rent as much as possible for highest returns. Whats your proposed solution? Rent control? Less renting units will be built increasing the shortage...
@people3865 ??? The Government could use our tax $$ to build homes, sold to CANADIANS at cost.
@@people3865 and more capitalism will?
@@Cdot4585 We don't have capitalism in Canada lol. There's a massive beaurocracy watching everything we do, setting rules everywhere, on and on. That isn't capitalism in the slightest lmao.
6:50 - Why should I care if landlords can't afford their second property because of mortgage rates? Then sell it. You took the risk, don't cry about it now. Bottom line is that basic housing should be a human right, the same as basic medical care and education. At one time the government invested in such housing but since the late 80s or so successive neo-liberal reforms of Conservative and Liberal governments have gutted the social safety net including public housing. Now that the problem is acute, it can't be remedied by a flip of the switch even if the government was inclined to abruptly change their policies (unlikely by the way).
Inflation was at an all-time high, and property taxes increased at a record level in Toronto. Mortgage rates are at a high. Landlord is only allowed to increase by 2.5% ...What do you expect?On top of the LTB being useless and allowing professional renters..
professional squatters.
I hate to be the bearer of Truth but. When everything has gone up in price.. food, goods, service, everything... But all the long time tenants think this is wrong? Did you think your rent would stay the same forever. How much was rent in 1924? Cmon. Everyone wants something for nothing. Ever think that the landlord may not have an unlimited supply of money to let you live in your unit for less than market rent... If your l.l. cant pay their bills how are they going to keep the building your unit is in. Then its gets sold to a new l.l. who has a substantially higher mortgage. Why do tenants think that they should have a free ride while the building owner struggles.s not the l.l.'s fault that you aren't making more money on a fixed income.... It's the government.. stop complaining about the l.l. and go after the government
By over-protecting tenants without any significant counter-balancing measures to protect owners, the BC Government’s efforts to stabilize rent for tenants will very likely backfire: Investors will stop buying rental properties while existing owners will try to sell off their investment properties whenever they can. Let’s wait three years and we’ll very likely see the rental housing stock dwindle further, with rent continuing to rise, to the detriment of NOT those bad tenants, but those tenants who work hard and still find difficulty accessing rentals at affordable rent 😢
nah, rent's will fall and those fomos will lose everything. And they should
Good. If investors stop buying properties or decide to sell, the prices will come down, and those looking to actually live in the properties will be able to get into the market.
@@craven5328 The rental housing stock may dwindle and those who still cannot afford to buy a property will be the category of citizens who will still continue to suffer
@@craven5328 That's okay for people who can buy, how about the ones who can't. Should they pound salt, move to a tent. That is what will happen as the rentals dwindle.
@arcelinasantos6520 if prices go down, they don't selectively go down just for those looking to buy, they go down for everyone, even renters.
As an American, with Canadian roots, I am always impressed with the depth of thought, expressed by Canadians. Your media, fosters, constructive conversation.
The banking system in the US doesn't, renegotiate mortgages every few years. I have a 30 year fixed rate. It is a lot more predictable. My Canadian sister told me about your mortgage system. It has obvious pitfalls.
Yeah in Canada mortgages renew every 5 years. If the interest rate is high at 6% that's what your mortgage interest rate will go up to. If the original mortgage was at 1% but it renewed at 6% and if you can't afford 6% you lose the home.
"An understanding this is not going to be your forever home"
Is this woman missing something? She goes from saying how people with investment properties can't afford to pay the mortgages - to then saying that the renter's need to realize that this isnt really their home.
If the people who can afford to own a rental property have to downsize - how do you expect the renters to do that?
Owning a home is beyond reach for most young Canadians. Does she think that we never deserve to have a forever home?
She just wants someone to pay her mortgage for her.
If landlords expect tenants to shoulder part of the fees/mortgage payments/taxes, then should tenants be entitled to landlords' capital gains if they contributed to the properties' fees, taxes, and mortgages?
@@4giveNever4getyou want capital gains, go take the risk of buying your own property and take the time to maintain it.
@@POLSKAdoBOJU
No one says any tenant "wants" your capital gains/loss. Just like no tenants want your mortgage payments, property tax payments, condo fee payments nor maintenance fees.
So, adding those fee/tax factors in the calculation of rent increases that some landlords try to do make no sense to their tenants.
@@4giveNever4get if you can't afford to pay the rent that the OWNER is asking for then go live in a place you can afford... the owner isn't obligated to rent you the place for cheaper when someone else is willing to pay higher price...
I am sorry but if I was an owner of the house in 1:00 I would also want him out because he keeps the place in horrible condition.
I know tenants are in a worst situation than owners, but it's not fair to let the owners pull that weight either. It should be a governmental responsability to create non profit rental places.
Good to know you're honest about being a jerk.
It's a small apartment bro, he barely has room for his furniture.
"There has to be an understanding that this is not your forever home." Or maybe YOU need to understand that investing in a rental property is an INVESTMENT that carries certain risks. If you mismanaged your investment portfolio and took on more risk than you could afford because you're greedy and lazy, how is that your tenant's fault?
no one forced a landlord into a lease...it's a legally binding contract and landlords sure are quick to take your money...the woman that said that is disgusting
Dont become a landlord if you can’t afford to be a landlord. Your problems are not the tenants problems they are people to and I think landlords forget that sometimes.
Perhaps CBC should be investigating tenants who aren't paying their rent....
They have
Residential properties should never be used for investment purposes.
For those private or corporate residential properties investors, the federal government can increase the capital gains tax rate and its associated inclusion rate, and it can also introduce new wealth tax based on yearly market valuations of said properties regardless whether or not the said properties have been traded. New tax revenues resulted should be spent on affordable housing projects. Additionally, no foreigners/foreign corporations are allowed to invest in residential real estates.
To those property owners who believe that they should pass on part of/entire mortgage payments to renters, will the property owners agree to reduce rents when the mortgage rates fall ? It would only be fair, wouldn't it ?
To the renters, if needed, report the property conditions to the government public health authority and to the fire safety authority, and request official inspections. The government can issue violations tickets to landlords if justified. Also, elevate any violations officially found to the attention of the elected officials in your municipals/provinces, and follow up with them to ensure that any violations are brought to proper closures.
I am personally aware of few landlords wannabe who find themseleves over-borrowing/leveraging for purchasing residential properties for some shady AirBnB or cash rental businesses that are under the government tax radar. Those investors are in fact in debts bigger than their net worth, and need jack up their rental incomes in order to keep up with interest payments, tax payments, condo/maintenance fees, etc.. Their hope is that they can buy high and sell even higher (i.e., speculation).
It is a step towards the right direction that the governments have recently removed some incentives for the private AirBnB operations and lately intensified the capital gains tax law. Now, the tax agency needs to do more when it comes to rental income reporting and auditing regarding real estate investors.
Or Canada can stop wasting money and stop sending it to corrupt places like Ukraine and Israel.
Absolutely. The Federal Government has to get purpose built rental buildings decomodified.
it will be worse if cooperates own these housing. google around you will see.
if you want affordable and price wont go up as inflation go up. you need to count on public housing, which get from our tax.
Reporting a LL barely making it is just going to get you evicted when the house is sold with a VACATE clause.
@@bossanesta
I believe adding the inflation factor into rent increase calculation is fair. But adding factors such as interest rate, property tax and condo/maintenance fee into rent increase calculation is unfair. In my opinion, those factors are part of the landlord's investment decision, and solely belong to the landlord as an investor.
As I suggested in my original message, corporate investors in residential properties market can be discouraged if their rental incomes and capital gains are taxed heavily. The tax revenues collected can then be used for affordable housing projects.
Yup. Landlord said he was moving family in. When clearly he was not. Just wanted to raise rent. Asking me, "how much I could afford" before asking me to leave.
There should be a balanced approach. Right now the RTA and LTB doesn't offer a level playing field. How can tenants get away stealing thousands if $ in rent, while someone steals a loaf of bread for their kids harsher penalties? Where is the fairness. Bad landlords and bad tenants should all face stiffer penalties. Landlord should be able to move into their properties without any wait for LT B hearing and face fines if bad faith proven.
Property owners never signed an agreement to provide subsidized housing. Running a rental property is a business, not a charity. The government can’t expect private property owners to subsidize low income renters. One of the reasons there are not enough rental properties available to meet demand is because the government controls allowable annual rent increases and also makes it very difficult to evict tenants that damage properties or don’t pay rent. These renters made the choice to continue living in neighborhoods that exceed their ability to pay market rent. They need to move to less expensive neighborhoods.
Investments fail. No investment is a guarantee. An absolute insult for small landlords think they are entitled to a return. When I invest I always waiver the risk
You speak the truth.
Well said.
All types of investments have associated fees and taxes, which understandably eat into investment return.
It should never be the tenants' responsibility to shoulder those fees and taxes.
Or considering another way, should tenants be entitled to landlords' capital gains if they contributed to the properties' fees, taxes, and mortgages?
@@4giveNever4get 100% if I the tenant am responsible for investment return then I demand equity in said investments
@@JesziePVP Your 'equity' is the right to live in the space IF YOU PAY THE RENT.
@@matthewgiffin9305 so what does the right to live mean legally then? The right to live only covers me not being bombed out of my home like poor souls overseas right now
Homeowners who had their mortgage payments increased should rent rooms in their house. I now rent four rooms in my house and it covers my mortgage add my house insurance add my groceries
Not all house owners want strangers in their own homes. Subleting a room in a two bedroom apartment is dicey too.
@@janinewetzler5037 haha.. there's many ways of finding people. The four people living in my house go to university and they're all doing PhD classes. Someone you may know that you rent a room to could be weird as well. People use every excuse not to rent the room because they don't want a stranger in their house but they don't mind losing their house. Crossing the street can be dangerous. You just need to do your DD.
Please educate yourself before you make ridiculous comments. Not everyone that resides in a home has the opportunity or luxury to add additional occupants to their home. Their are many reasons for this as to why it's considered not an option. A common reason would be the home they have doesn't have the correct layout or enough space in their home to do so. Possibly not enough or the bare minimum to house their own selves let alone anyone else.
Please once again educate yourself on the issues. This is one reason of many.
As a renter I don’t want to live in someone else’s house. I want my own place and the government needs to build more housing
@@dlan5382 very well educated. I bought a five bedroom house for a reason. My kids are gone all grown up and this is what I decided to do with the empty space. People are selfish it's all about me me me me me
This has been happening for years. We were told our building was being demolished near Capilano College. This was 6 years ago... pretty sure its still standing.
We were illegally renovicted back in 2015 here in Toronto
Ontario is cooked
Manitoba too they been raising rent in apartments every year so far my rent has been raised almost $200 in 2 years
When Ford got rid of rent control rents doubled in Ontario. Life is always more miserable and expensive under conservative govts #VOTEFORDOUT
@@RawDawgginnit Yep conservative govt GREED
Yeh, back when that landlady was a renter, and knew it wasn't her "forever home", she didn't face absolute financial catastrophe if she was evicted. She should add that to the understanding she says there needs to be. This whole thing is nauseating.
She probably owns shares in camping equipment stores
I feel very sorry for the elderly man first interviewed but at the same time, his apartment is a filthy mess. Could that be part of the reason he may be in jeopardy of losing it ?! While I see that the bathroom, for instance, is in dire need of repair, one has to at least try to keep in clean or you're asking for issues like bugs that could spread to other units. But the overall story is very sad and unfair when people are at risk of being forced out with little notice. TOO MANY landlords ARE DESPICABLE!!!! 😔😔😔
What they didn't add is that how long the owner or relatives have to stay in their reclaimed unit before they can rent out to new tenants at a market rate?
One year plus and the( can check
You can pick and choose our comments?
Yes and it's unbelievable
AND we subsidize the CBC!
@@catherinewilson1079 not for much longer, hopefully. Not what it used to be.
@@lawrenceeytcheson1317 the amount of Canadians who trust the CBC has dropped below 50%. 30 years ago it was over 90%. Woke/DEI ultra left culture has ruined the CBC. It is no longer a legitimate new site
So can any channel on youtube, the vast majority do to some degree. Given the kind of absurd, harassing garbage people had been commenting, it seems like their hand was forced to more closely monitor the comments by the same trolls who are happily complaining about it. The trolls are acting like any abuser, just mad when reasonable boundaries get enforced as a consequence of the abuse.
I realize this is a problem across Canada, but for the sake of your mental and physical health, get the hell out of Toronto and the other big cities if you can, and live there. Not to the burbs, which are just as expensive, but too smaller towns in lesser known parts of Canada. Why would you live on disability payments in Toronto? That, is insane.
because they are too poor to move. DERP. Its not rocket science.
Also.....if you're living on disability, you obviously need to see medical professionals. Small towns don't have anything beyond a family doctor (if that even). Specialists are always going to be in the bigger centers, where you also have access to public transportation.
Landlords want to run a RISKLESS BUSINESS. They want guaranteed massive profits without any risk. Any other business has to manage business risk, but landlords, since they are Lords of the Land, feel they are above it all. Landlords make massive profits from the increase in property value, Above Guideline Increases, tax breaks, tax deductions, flipping their properties, parking fees, but even that is not enough. Lanlord are the villian. Look how that first landlord REFUSED to do even basic repairs to that guys apt, to try and drive him out. Don't listen to the lies and propaganda of the landlords who want to eliminate all business risk from their business.
Exactly. I've lived in places where landlords absolutely refused to fix anything. I had mushrooms growing in the bathroom and plumbing that didn't work for several months. Landlord told me to move out if I didn't like it. RTB also told me to move out if I didn't like it. There was no other vacancy where I living.
You should tell your relatives to go in to the landlord business then they be all rich like you.
@@billjohnson7904 A lot have done just that because of terrible tenants. Over 17000 Air BNB in Toronto alone. It's the terrible tenants and the LTB and attitudes like yours that have done this. Congratulations enjoy the huge increases in rent. When you want to blame someone look in the mirror
@@vovin8132 maybe you should become a landlord it sounds great
By law I believe landlords have 30 days to address non serious issues and have to address the serious issues right away. If they refuse to fix anything after 30 days you can take them to court but you can’t stop paying rent because you have to give the landlord time to fix it first.
honestly.... If these ppl dont work in toronto and are just there paying like.... 400-700 dollars in rent.. The government should be finding these ppl a home or just Build rental units for people who are retired & above a certain age with rent control. Maybe owned by the government. That way when they pay the rent with the Pension plan the money goes right back to the government. That way the money is being recycled. Its wrong to ask these elder ppl to tell them they have to pay 2000+ in rent when they are retired. You cant ask them to go and compete in todays job market. Most jobs dont even pay you enough to afford these 2000+ rent.
Sounds like Commodified Housing, not bad
It's a hard situation. As someone who owns their place and lives in it, I thankfully don't have a horse in the race. But I've been a renter, it's hard. I think we need government rentals, housing shouldn't be for profit, and if someone buys a place they should live in it.
“Daughter from previous marriage” lol 😂
Also this guy appears to have made the unit a mess that is disgraceful. Respect your home rental or not please
No Fault eviction compensation should scale based on length of tenancy, similar to how job severance compensation scales based on length of employment.
Compensation should be a month of MARKET RENT for every year you've lived somewhere. Right now there is too much financial incentive for landlords to evict long term tenants. The government needs to step in and make it waaaaay less financially attractive. If you have someone who's a 30+ year tenant they'd have to pay out so much money, the landlord would be better off to go and buy a new property and live there (and then they also get to keep the income of rent from their tenanted property). And if the landlord can't afford their mortgage they can sell their investment property to someone who can. Too many people got into being landlords when it was cheap so that they could make a ton of cash, but all businesses have risks and downturns. If you can't weather those downturns you were over-leveraged and couldn't actually afford to be a landlord in the first place.
If this happened everyone would stop being a landlord. Good luck finding somewhere to live
Who do you think would want to buy the property, oh yeah , the owner who will live there themselves.
If a real estate developer/ owner is prohibited from earning a return on his investment, there will be a shortage of rental properties, driving up rents. Waging war on landlords just limits supply. Waving a virtue flag isn't helpful.
Purpose built rental buildings is the way to go. These small landlords are too predatory becauese they have no funds
Yea these people can’t afford to be a landlord in the first place
@@destinyschild5768 Ban all small landlord and we would have the housing problem solved.
@@henrychiu9323happens with condo in Toronto now. No investment, builder stop build more condo. Near future the rent will increase more as lack of rental properties
They have no protections- if the tenant doesn't pay they have no income, and they have a person occupying the unit so it can't be rented, plus chances are that unit now has thousands of dollars of damages from that tenant. All that means the rent has to cover these instances. Then the government comes and helps by raising rates when everyone is struggling and bringing in more people who will have no roof over their head
@@henrychiu9323 lol please do , I will happily get out of the rental business.
Landlords want good loyal tenants who will pay their rent on time and stay longer than a year. Basically, a landlord prefers for a good renter to stay as finding another good tenant can be time consuming and costly. Yet, when a a good tenant stays long term, he or she is not valued over time as neighbouring landlords are receiving a higher rent. The argument that landlords use that their mortgage payments must be met by increasing rent is a poor excuse. Legislation must be passed whereby a potential landlord must meet financial criteria when purchasing a property for the purpose of renting it out that provides a large enough buffer that protects from the market pressures to unfairly increase rent and or evict tenant(s) based on the landlords financial stress. In other words, the landlord has bitten off more than they can chew (greed?) and in turn passed their burden onto the tenant.
Exactly don’t become a landlord if you can’t afford to be a landlord.
There needs to be a landlord bill of rights to protect them from slum squatters and to speed up the eviction process.
😂😂 I say govt support for housing like they used to / out of market - but then govt would be different /
Owning a house doesn’t guarantee anything either. Property taxes will always be hanging over your head. Don’t pay, and they take it all away. The only solution is to double up, and find a roommate. Meanwhile the governments, federal, provincial and municipal need to jump on this and change some laws to prevent developers, & landlords from abusing the flawed system.
Toronto has been doing this for 25 years getting rid of low renters . Bolton Brampton and Orangeville new distanation was but now rent is crazy everywhere. Criminal
In Ontario, they give you less then $600 on ODSP for rent. I live stacked on top of other people just to avoid being homeless. You can't choose who you live with, you take what you can get and have to be grateful for that, even when you can't walk around without physically bumping into someone.
I'm honestly surprised there haven't been riots yet
We were illegally renovicted out of our Toronto apartment back in 2015 after being stellar tenants for 7 years. Our landlord said his son needed our apartment but that was a lie. We saw our apartment up for rent 3 months later after we left, renting for $2850, up from the $1390 we were originally paying. We bought our first house in east end Toronto after that. Im so glad We no longer have to deal with corrupt landlords in this city ever again. That same apartment is now renting for $3600 a month in 2024.
Everything favours corporations. They can easily evict people, even good tenants, but private landlords can go broke before they can remove a bad tenant.
Good long term tenants used to be respected, but as the lawyer said if you have been in your rental 5 years or more you are a target as your rent is below the current market rates even if your rent was increased by the maximum amount allowed by governments every year. I was helping a friend look for an apartment last year after they were renovicted and she was turned down at a couple of places much to her surprise has she has well paying long term employment and excellent credit. We push back and asked after the 2nd rejection and the property manager right out told us that they were instructed to reject any applicant that lived in their current rental more than 3 years as the property owner said that they will be behind in the rental rates in no time at all. This was in a purpose built rental building.
My landlord is trying to force me out by raising rent every year till I can no longer afford it. She all but told me straight to my face. Profit over people.
Why does your landlord have to take care of you when you don't take the steps to take care of yourself.
@@hoanghuynh517 what the hell are you talking about? They don’t take care of me. I pay for it. They don’t give it to me and it’s not charity. Explain?
@@joshfrench5858did you ask your landlord how much their property taxes, mortgage, maintainence, insurance etc have gone up?
@@freddytang2128 no no no you said it was taking care of me. I asked you to explain how my landlord takes care of me. I mow the lawn I shovel the driveway. I plant and tend the garden. There has been zero maintenance in ten years other than replacing batteries in the smoke alarms. Anything after that is cost of business. You don’t need to raise is every single year. I trimmed the hedges last month and the next week she told me she was getting a quote for trimming the hedges. So your argument weak at best.
Landlord is entitled to raise the rent, within guidelines, once a year here in Ontario. That's IF they choose to. I had 1 Landlord that I rented from for 4 1/2 years. I was never late paying rent, did the landscaping (I was paid to do it) & he never once raised the rent
If I lived in that apartment it would not look like that! It would be clean, the walls would be painted and I would fix anything that I was able to! That apartment has been neglected and I feel sorry for the homeowner to have to deal with the aftermath! 😢
How can people live like that man? Really? In such a mess
He would rather have his belongings packed up and just use the Essentials than to have his things lost or left behind cuz he was kicked out or locks changed. He probably can't stand living like that either
but he has no choice because all he can afford is 600/month because of his small pension. And his landlord isn't doing his job and fixing the apartment because he wants him out, so the apartment can be renovated and landlord can charge double or triple.
@@kbenk108 🤣🤣🤣That's why he keeps all dirty and all over the place and never clean
@@silvias550such a lack of compassion. People with depression from trauma live like this. Get trauma informed.
7:25 apparently this lady missed the fsct that the issues she just explained also stop thise renters from being able to afford a home of their own. Nobody rents because they don't want to have a home.
When both tenants and small time landlords are protesting, the government needs to step up and protect both.
Broken country
Depending on what's happening with the owners situation?? This is a business with laws attached. Do your research before you go into it. What will you do if a renter defaults on the rent, destroys property? What's your plan when interest rates are hiked? What are the rental laws in that province? This is your business, not your home. If your business fails, usually you do have to sell. That's just the way it works!! You don't just expect someone to pay your mortgage for you and then leave at your convenience. All rentals are high risk. Thank your lucky stars if you have good tenants, but once again, the property you purchased as an investment property is your business, NOT YOUR HOME!!!!
Subsidized housing, rent control, etc. should be run by the government. It’s ridiculous to tell private owners what they can or can’t do with their property. How are they supposed to pay for the cost of owning a property if they are stuck with ridiculously low rents. For example, I had to replace the roof on my duplex. The bid was $7500, but we were told it would be good for another year or two, so we waited a year, so we could save enough money. A year later the bid came in at $13,000. Two years later we’re still paying the loan we had to take out to pay for it because the rent isn’t enough to cover big expenses like that. Everyone complains about inflation and how expensive everything is, but landlords are supposed to cover those increases and not increase rent. That makes no sense. There is no security as a renter because the property isn’t yours, which is another reason to have the government run rent control buildings - they aren’t going to decide to sell the building or move into someone’s unit.
Government will use tax money to cover. Then increase your tax 😂. Sound does better to me
It’s should be the capitalism. Lack of house price increases. More house price decrease. Government stop using power to control the market something like rent control. That against capitalism
My family had this happen twice in a row, I ended up having to go on the news to beg for a place because the competition is so bad
i'm still homeless
Oh no the rent control was supposed to prevent homelessness, now the rent control system is backfiring because landlords can use loopholes like this to get a higher paying renter.
This was my landlord last year ! And guess who got hit was a bad faith N12. Know your rights and get a lawyer asap. Document everything and every conversation in email or text and writing or recording. Trust no one in these times.
@@TheOnlyMissNobody everyone says this but out of all the evictions, less than 1/100 of 1% end up this way. It's so few per year it's almost non-existent in Ontario.
@@TheOnlyMissNobody no you didn't
you cannot pass the mortgage rate hike on tenants, its part of the risk of investing in real estate , like stock going down on the stock market. If after the hike you cannot afford you renting unit YOU.SHOULD.SELL.THEM . If you want to pass all the costs to tenant you have no place in the real estate business and are part of the current housing problem .
Sure, the landlord will sell now go find a new place to live when the new owner moves in.
Imagine living for nearly a decade in a tiny 510sq ft, one bedroom condo and then suddenly you're told you have to move because they want to move in. You then start looking around and find that the same sized units in the same building you're currently in are renting for $2600 to $2780 but you're currently paying $1753.
HOW ARE YOU SUDDENLY GOING TO BE ABLE TO AFFORD THAT $847 to $1027 EXTRA PER MONTH?
Canada's big cities are soon going to be VERY dangerous to live in for those perceived to have caused this greedy whole mess. Showing off your wealth and boasting about it won't be the smartest thing and yet they'll still do it.
Go to prairies, loads of farm jobs and small towns. Don't make sense why you pay so much for the privilege of living in a city? City kills happiness and health. And if that lawyer wants a ring, I have that for her but something tells me she plays for the other team. 😢
If regular people don't like the basics of Capitalism - they should work together to elect a Socialist option. No one deserves to be jerked around about where they rent and landlords are thieves
Why are pensioners being treated in such a manner. This is a case where the landlord is wrong to try and evict those who are in rent controlled building using N12 falsification filing. Shame on these landlords who try to evict the elderly who are actually paying their rent.
I'm sure the bank made sure that the owners were capable of paying increased interest from the unusually low rates that we've just been through.
Utilities, maintenance repair costs aren't included there though. There should be discounts for LA dlords trying to keep tenants housed and maintained their buildings.