More Edmonton tenants facing 'renovictions,' housing researcher says
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- Опубликовано: 5 сен 2024
- The concept of 'renovictions' is familiar to people in cities like Toronto and Vancouver. The practice of evicting tenants to renovate and then hiking the rent for new tenants is a problem some say is showing up more in Edmonton.
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The simple solution is to just prohibit anyone from owning more than one property in the same municipality. Why should three investment firms own most of the properties in town?
Nothing but GREED!
A little bit, but it's mostly government policy
Then buy your own house, then you will know on expenses and higher mortgages and property tax.
@@harpreetsandhu9038 the market is fueled by greed.
@@zomgoose every thing has gone up landlord as well and they can’t take these burden anymore, so this will continue for coming times. My suggestion is get a home
@@harpreetsandhu9038 Burden for landlords? They invested in homes. It's a speculative bubble fuelled by cheap rates and paper equity. Housing has become a casino.
No regulation will fix this. The one and only fix is increasing supply.
Government did build public housing until 40 years ago, and then they found Neo Liberal economics. Private developers won’t do it, they make more by building less.
Look at the Vienna housing model: nearly half of housing in Vienna is public housing.
And they build less, because the city limits what they can build and where.
Reduce immigration
It is absolutely ridiculous how much owners are asking for rent monthly . There needs to be a stop put o and it needs to be re-evaluated and prices droped. Its absolutely not right that a mortgage is much cheaper than an apartment. Alltheseowners are just taking advantage of a system that needs t be put into place. .
Yet it's not ridiculous how much owners are being charged in taxes, fees, premiums and other costs?
If it’s much cheaper to have a mortgage why don’t you get one ? Current mortgage rates are fabulous! 😂
As a rental multiples property's home owner in Montreal Quebec and also in WestPalmBeach Florida, I always have (1) rental unit under renovation, this way I can move the other tenant to new renovated unit.
I was able to doing these reno's ourself with my architectural university degrees and also my contractor licence. Our rental is 2bed 1 bath 1000 sqfeet with all appliance included....the range of price are between $1250 to $1650 in Montreal and WestPalmBeach $1100 to $1200...
In the last 35 years as a rental owner, I had never send a letter for eviction or rent increase.....the main reason....people split or fall in love...this is the main reason people moving.......
One thing, do NEVER renovate or repair when tenant occupy the apparment....wait when they move.......
The housing shortage in not cause by we don't built enough......the problem is the people are not able to live together....divorce is a major cause when the kids have (2) houses, this is what I saw with my tenant.......
arguable at best. Many of the reasons for the housing crisis could be that people are unwilling to give up on the idea of owning their own home... as such, the push for single detached homes has been a major and growing problem that is only just started to be redressed by realtors and housing development but the real problem were the NIMBYs that did not want apartment buildings and or town-houses to be built in their neighborhood because it would lower the value of their single detached houses... you can fit 30 families in a 3 story walk-up with 10 units per floor, about 7-10 families in town-houses or 3-5 families in single detached houses all using the same rough space... you tell me which would be better for prices...
Bottom line, its not good to be a renter in Alberta?
Never was.
It's happening in Edmonton and in my😢 building as well. I'm lucky I have a great landlord. ❤
Rent, $2,000/mo = $24,000/yr. $3,000/mo=$36,0000/yr $4,000/mo=$48,000/yr. These don't include parking, utilities, etc!
$4,000/mo rent is equivalent to the down payment on a small condo.
3:34-"I recently SEEN..." How is the terrible grammar accepted?!? 😵💫
If you listen closely, he is saying "I've recently seen .."
Canada needs to target 1 10 percent vacancy rate, rather than the 3 percent. Immigration must be linked to housing
kick out the people who live there so they can renovate and charge more. this should 100% be a crime.
No. Renovictions are a response to government meddling in the landlord's ability to evict a bad tenant in a timely manner.
Forgot to mention how organized crime is contributing to rising costs via money laundering through the housing market
Life in Canada has greatly declined.
no it has not, that would be propaganda. the housing issue is really the only one we have.
Yes, it has greatly declined. The extremely high cost of housing has disrupted everything.. The economy is a house of cards built on housing debt. There will be a retirement crisis because of this grave mismanagement.
@@generalnawaki It definitely has housing unaffordability means less people going out and all industries hurt because of this. Restauraunts, bars, night clubs, sports leagues, movie theatres are all hurting because of this.
She's concerned about rent increases but NOT TAX INCREASES. TYPICAL STATIST
Just so we are clear: dilapitated housing is unacceptable and landlirds must upkeep their units. Also, increasing your units value with renovations is wrong and you should not be renovating to increase its market value, and keep renting out the slum units cheaper.
Yes I think there is a need for "regular" housing.
@@milhouse8166
But municipal governments made that costly.
I renovicted, raised the rent 250 and had 8 people interested in a few days. I had to cancel 4 viewings.
I don't blame individuals for doing what is allowable.
What's wrong with raising the rent after you renovate the house. That's how it works honey
I am going through a big Renoviction story that feel is the worst of them all.
I have a Real Estate Agent hiding behind an Ontario Inc# who wished to remain anonymous and he hired a property manager to squeeze out all the tenants by saying it was a Demolition. Only 2 of us remain in the building. Now they got permits granted focused only on our apartments for Alterations to try to squeeze us out. Since they are altering the Kitchen the LTB will order me to leave, but will my Landlord allow me to return? I will file a Bad Faith case if needed, but I am fighting for my Right to remain. I should be able to return in the time it takes to renovate. They will need to give me N13 with 4 months because its over 7 units in building, but I am not Budging. Everyone left except for 2 of us tenants now.
They had no inspectors here, fire, electrical, health safety to justify the permits. They want to just decrease our apartment size into a 2 bedroom now instead of 1 without increasing any square footage. They are just doing this to ADD VALUE at our expense. Landlord won't even acknowledge our old month to month leases and he has a enormous renovation dumpster in our lane way ready for my apartment. I have been here for 20 years and this Real estate wants everyone out so he can have a higher evaluation upon reselling freshly to a new owner to set his own rates. He won't even stagger the work and let me live in the rear until my apartment is ready. He also thinks I will have to pay higher rent at a %250 increase! Please help a fellow Ontario citizen.
I should have the right to return at the same rent or within reason. I don't think the LTB would order me to leave forever. I have the right to return. This Agent is a real pyramid scammer and it just out to ruin peoples lives at his profitable expense.
Spoken like an entitled gen z.
People are not buying rental homes so they can provide cheap rent they're buying it for an investment and they raise the rents when they need to raise the rents. It's not the right of the renters to have cheap rent. The cost of everything have gone up so dramatically that renters need to increase their revenue to pay for the cost of their overhead. I'm sick of these people thinking they're entitled to cheap rent at the expense of the people that bought the houses.
This out of touch girl thinks when you purchase a house as an investment did you should subsidize the renters. WTF
Well said
"CAPITALISM:The UNKNOWN Ideal" by Ayn Rand
Then lets go to Cuba
How many people knows the poor single mother with (3) kids......and the dad had the kid's one week and the mom another week!!!!!
Alot of ressource for the kidz.....
The media never talk about it.....we need to built more housing for spliting family
Be happy with your mate . Don’t rush to get divorce. Don’t be too liberal.
This is why we buy units and rent them out... To make money! Our costs are going up; insurance, maintenance etc. If you want to stick it to us landlords, DON'T RENT!!! Work, save make smart decisions and buy your own! But quit whining!
LOL. Tells people not to whine, while currently whining... hypocrite
@Neo Anderson try harder
Actually this is happening though in Ontario even people with well paying jobs are closing to live in their car in tents.
Zero sum game with renters left with the short end of the stick!
In Ontario, a landlord has to assume 100% of the risk of a long term tenant. If a tenant trashes a unit or just refused to pay rent, they have no choice but to eat the loss. With no special protections for small landlords, small landlords have had to shift to the short term market to mitigate their risk. Costing available units. If Ontario wants participation from small landlords, the province must assume some of the risk. No one is going to risk personal bankruptcy for a systemic crisis.
Pretty much. Government over-regulation enabled AirBnB's existence.
Alex Epstein 's "FOSSIL FUTURE" on sale now
Chinese buyers…
"CAPITALISM:The UNKNOWN Ideal" by Ayn Rand
Go to Cuba