The long delays in resolving landlord-tenant disputes are worst in Ontario but other provinces are experiencing it as well. Experts say those delays will have an impact on the already-stressed rental market.
To quote a brilliant man, Tim Gurner:
They have been paid a lot, to do not that much, and we need to see that change. We need to see insolvency rise. Landlords need to lose 40-50%, in my view. We need to see pain in the owner class. We need to remind people that we produce the value so that they can freeload, not the other way around.
I mean, there has been a systemic change where landlords feel that the tenants are extremely lucky to have them, as opposed to the other way around. So it’s a dynamic that has to change. We’ve got to kill that attitude, and that has to come through hurting the owner class, which is what the whole – you know, the world – people are trying to do.
And we’re seeing it. I think every capitalist now is seeing it. I mean there is definitely massive discontent going on. People may not be talking about it, but people are definitely agitating and we’re starting to see more fear in the owner class. And that has to continue, because that will cascade across the oligarchy.
where landlords feel that the tenants are extremely lucky to have them
This pisses me off so much! I’ve even seen it posted on Lemmy and I wouldn’t be surprised if a few show up here with their “without me these people would be on the street!” rhetoric. Without landlords there would be lower competition, lower demand, and lower prices. I think these people forget there was a point in time that houses were less expensive than cars and people paid them off in a few years. This was before “income property” was a concept.
I think these people forget there was a point in time that houses were less expensive than cars and people paid them off in a few years. This was before “income property” was a concept.
Oh jeez, you’re going way back. Income properties can be traced back to at least Ancient Rome.
It may not be forgetfulness that sees people not realize something about what happened many thousands of years ago…
We’ve got to kill that attitude, and that has to come through hurting the owner class, which is what the whole – you know, the world – people are trying to do.
The stumble at the end of that sentence comes off so much like he was about to say “that’s our plan”, but realized at the least second he can’t give away that there is actually a group of people planning that.
So who was he talking about? The WEF? IMF?
Maybe. But I don’t particularly care even if they are planning a global takeover or whatever. I just don’t buy the idea of an organized shadowy cabal being able to comprehensively manipulate the world to their will.
Now, there are definitely people with ridiculously outsized influence compared to other people, and they definitely do deliberately try to achieve a specific outcome… and the world does eventually tend to organize itself to the benefit of those people… but it’s more a consequence of aligned incentives and feedback loops that make it the most likely outcome given the initial conditions, rather than an open-ended question where they held the sole deciding vote.
And to me… That’s actually scarier. The idea that even if we somehow wound up with benevolent people in places of power (which is difficult, because those places of power tend not to attract benevolent people), they would still be paddling against a merciless current of systemic mechanisms that are eager to undo any progress they might make.
I just don’t buy the idea of an organized shadowy cabal being able to comprehensively manipulate the world to their will.
Nor do I. Mostly because of competition with the semi-organized complete overt cabal comprehensively manipulating the world to their will.
Absolutely. And that’s actually what gets me so frustrated with the “Well, it’s hopeless to participate, cuz Congress will just do whatever they wanna do!” crowd.
Like, NO! Do you see how much “progress” conservatives have been able to make? They have dismantled parts of American law that have been considered untouchable for decades.
And these are people who hate democracy! Somehow, that side – the anti-democracy side – actually believes in the power of organizing, persuading people to band together, and participating in governance… MORE than the side that claims to believe democracy is the only way forward for a just society!
Hopefully this leads to a large decrease in the number of landlords, as they realize that landlording is not really the good investment it seems unless you are depending on speculation to drive prices up (or do illegal things like not maintain the property properly)
It already has. Many would rather see their property sit empty than deal with this nonsense.
Why do you think rents have skyrocketed?
or on AirBnB, I’ve seen a night is ~1/3 of the month rent, so if you can rent your apartment ~3 days a month, it pays the same as a full renter. If your apt is downtown and you can rent it 4-5+ days/month, it’s full profit. There’s something like 13’000 airbnb in Montréal, most are illegals, and we have thousands of people sleeping in tent outside. System is broken.
And even if nobody bites on AirBNB, it’s still cheaper to leave empty than having to deal with tenant boards.
Ban AirBNB? Sounds like a pretty simple plan to abolish illegal undocumented hotel rooms.
Which is why an empty homes tax should be 100% of the market value of the dwelling. Have a 1% bounty on it and you will see a big change in availability and pricing.
the only way to bend system towards social democracy - progressive taxation is needed on high incomes. Calls to “let landlords die” etc. are unproductive and divisive. Mom-and-pop landlords owning some older family properties, maintaining them and renting them should not be penalized by market or anyone else, as long as rental market is regulated, fiscal policy does not allow for spectacular crashes because of risky investments etc. It’s not a simple problem. Housing is not a privilege - it’s a right and it has to be supported by laws and policies. This approach leaves plenty of room for landlords and removes pressure from tenants as their ability to make rent should be guaranteed. Givernment should be taking human rights nore seriously.
Yeah, no, “mom and pop landlords” can cash in by selling their secondary properties and giving others a chance to build equity. It’s not fair to get someone else to pay your mortgage, whether or not it’s an older property, inheritance, etc. Housing should never be an investment.
This is the best summary I could come up with:
While Ontario’s delays are the longest, wait times have been “exploding” across the country since the pandemic, said David Wachsmuth, a McGill University associate professor and Canada Research Chair in urban governance.
“In Quebec, staffing [at the province’s rental board, the Tribunal administratif du logement] has actually decreased at the same time as the demand has exploded,” Wachsmuth said.
The LTB told CBC in a statement that some application wait times had improved by up to several months, but it is continuing to explore ways to decrease the backlog and support the adjudicators.
Canada is in the midst of a housing crisis with historic low rent availability and a continued rise of short-term rentals across major cities.
Her point is clear: At a time when Canada needs long-term rentals more than ever, small landlords are getting out of the business out of fear of getting caught in a broken system.
During the same period, the number of publicly listed rental units has decreased by about 46 per cent, according to Ontario Real Estate Association (OREA).
The original article contains 1,248 words, the summary contains 172 words. Saved 86%. I’m a bot and I’m open source!
Well that’s not helping the housing crisis.
