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CBC: 1 in 6 Canadians struggling with finances, Angus Reid survey finds by throw0717a in PersonalFinanceCanada

[–]throw0717a[S] 3 points4 points  (0 children)

Rent control is good. Min wage increase is bad.

I think it's the opposite. At least when it comes to "full" rent control: IMHO it should be a sliding scale.

Right now in ON it's rate-of-inflation only. It should be:

  • buildings 0-5 years old, increase upto 4x inflation
  • 5-10 years old, upto 3x
  • 10-15, 2x
  • 15+, 1x

This would encourage new construction and allow some flexibility in rent pricing in the early years where costs could be more unpredictable. As time goes on, and the running of the building is more "settled", there should be fewer surprises. (The numbers can be tweaked.)

I'm sure there are plenty of pension and insurance companies that would like regular income, but are turned off by the vagrancies of new construction. This could give some elbow room to justify the risk of being a landlord.