this post was submitted on 12 Sep 2023
137 points (98.6% liked)
Canada
7106 readers
294 users here now
What's going on Canada?
Communities
π Meta
πΊοΈ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
ποΈ Cities / Regions
- Calgary (AB)
- Edmonton (AB)
- Greater Sudbury (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Winnipeg (MB)
π Sports
Hockey
- List of All Teams: Post on /c/hockey
- General Community: /c/Hockey
- Calgary Flames
- Edmonton Oilers
- MontrΓ©al Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL)
- List of All Teams:
unknown
Football (CFL)
- List of All Teams:
unknown
Baseball
- List of All Teams:
unknown - Toronto Blue Jays
Basketball
- List of All Teams:
unknown - Toronto Raptors
Soccer
- List of All Teams:
unknown - General Community: /c/CanadaSoccer
- Toronto FC
π» Universities
π΅ Finance / Shopping
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
π£οΈ Politics
π Social & Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I am in a small Ontario town of 12,000 people. Covid caused many rich people from Toronto to come down here and buy up property so they could rent it. I was paying 1000$ for a 3 bedroom that was just built about 5 years ago. It was a nice place and a great price, owned by a guy my father in law works with. He never raised the rent since we moved in.
Some guy from Toronto shows up and buys the property. Instantly raises our rent to the maximum allowed limit. Then when we moved out last year, he listed the place for 2500$... Who the fuck can afford 2500$ rent in a small town that doesn't even have a fucking movie theatre.. Our biggest employers are a fucking warehouse and regional federal government office.
Something needs to be done about this shit. About all this investment property BS.
The only thing that will truly fix it is to start building housing faster than the demand for new homes, which means developing denser housing. Unfortunately that will require changes to zoning rules in cities, and most cities are being run by people who benefit from the current system.
I have very low faith because the people in power with lots of money probably own several properties and use them for either current monetary gain through rent, or retirement funds when they sell.