Canadian Apartment Properties Real Estate Investment Trust T.CAR.UN

RE:Rent increased 2.5% max in Ontariowe

[Mephistopheles3]

I think rent controls are quite bad in general and this has been proven by almost all economists, whether conservative or liberal. 

That being said, the recent increase to 2.5% was not the Province of Ontario going crazy this year - they were following the rent guidlines that have been out there for like 20 years.  Rent in ON is capped at the lesser of 2.5% and CPI.  So Dougie F. didn't do anything other than just follow the rules that were already there.

For CAR, this is not a horrible thing - 2.5% increase on all of their ON properties plus the 10% they are earning on turnovers will result in a decent rent increase for 2023.