Why isn't the "free market" automagically fixing this unrentable glut of overpriced rental housing?
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Why isn't the "free market" automagically fixing this unrentable glut of overpriced rental housing?
Are the landlords not afraid of the vacant unit tax? How many have gone bankrupt and had their assets liquidated to return to the market at viable pricing? Are they buoyed by subsidies, low rates, and favourable laws to be able to wait it out too long?
Ottawa housing a 'frozen market,' committee hears | CBC News
Ottawa renters are holding tightly to cheaper units, while more expensive new builds are sitting vacant, a joint committee of city councillors has heard.
CBC (www.cbc.ca)
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R relay@relay.mycrowd.ca shared this topic
