TSX:CAR.UN - Post by User
Post by
Dogsbreakfast4Uon Jul 12, 2022 11:45am
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Post# 34818141
Rent increased 2.5% max in Ontariowe
Rent increased 2.5% max in OntarioweGovernment limits rent increases to 2.5% for 2023 when inflation is at 7% plus. They are saying they are doing this to help tenants in this period of high inflation that governments are in large part responsible for. Landlords are of course rich and can absorb the difference! Government also says they are working hard to have more rental properties built. Promoters would be crazy to do so knowing they won't be able to increase rents to keep up up with their expenses. When governments try to control everything it ultimately ends badly. Welcome to socialism.