Quote:
Originally Posted by Bcasey25raptor
On Immigrants, the numbers should be halved, either that or we should make it mandatory new migrants settle outside of Vancouver and Toronto. The population decline is mostly a myth anyway, population will increase if it becomes fiscally feasible to raise children in ur society, currently it isn't as the costs are prohibitive. This is why the NDP wants a universal childcare system which i strongly support. Better to have our own in Canada born and raised here to import citizens of convenience to subsidize the programs Canadians demand from our government.
If canada let in say 150k immigrants a year we wouldn't have the crisis we have now to nearly the same degree, the immigrants would integrate easier and not form urban ethnic enclaves as easily, and Canada's population would NOT decline.
Furthermore a LOT of the immigrants let into Canada are outside of working age to begin with, such family reunification policies are fiscally irresponsible.
On #7, again the exemption exists for landlords, if they can prove that they must raise prices to recuperate costs than they can apply to do so, this is a better policy than just letting them hike it willy nilly.
Renter security matters, housing is a home first and foremost, it shouldn't be treated as an investment yet it is being so. Raising the costs by inflation per year is reasonable as that can easily be absorbed by renters, inflation +2% adds up a LOT and many are finding themselves under water because of it. This year my rent went up $31 a month, if 4.5% remained in place next year I would have seen a rent hike of $36. That might not seem much but when I started renting this unit back in 2015 I paid $725, in just 3 years the price has risen nearly $100, in only THREE years. My rent is low compared with many others, those paying even MORE find themselves in even worse of a situation than myself.
Inflation at 2.5% is still a $20 hike per month which is much easier to handle yes but still my income is barely keeping up with these raises. I only make $26k a year, not exactly able to handle such increases very easily without taking a ding to my quality of life and ability to be a productive participant in our local economy.
When you raise rents by more than the population can absorb their spending power decreases and the rest of the economy suffers as a result. raising by inflation annually is a compromise between landlords ability to turn a profit and Renters right to housing security.
Lastly, if you are renting below market and have lived in the same rental for 10 + years, that doesn't mean your below market is less than the costs to keep up with upkeep, especially since for 10 years now every year you've pocketed an additional 2% per year in rent increases above the local inflation rate.
again there are other ways to encourage rentals than allowing exorbitant rent hikes every year, these include expanding ICBC coverage to property insurance and offer a cheaper rate to landlords, this could also include offering a tax credit to landlords so that their costs of upkeep decline so that their enterprise is sustainable.
Why should reasonable tenants be the ones to suffer because of our governments inability to offer said incentives to landlords? Truth is, they shouldn't.
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Wow I agree with so much with what you say.
1. I definitely agree that we should be pushing many immigrants to populate our interior. Especially the refugees!
2. We should definitely be letting in immigrants of working age and while the family thing is great you can't let them bring in their parents & other older family members to be our burden.
3. While landlords do have an exemption due to rising costs. They also had an exemption before if rents in the area were much higher and rennovictions as well. You know what happened? Each case tended to be a long legal battle, then the media got involved, and it went to pot. The government is really slow to deal with cases and a lot of work is involved. Imagine going to court for 40 units. An exemption should be allowed if your charging below market rent. Also a reminder that most Owners do their own maintenance so its difficult to show increasing costs of maintenance labor wise.
4. Its a free market. So when rent goes up its just bringing it up to the market rate. Giving the option of 4.5% doesn't mean that landlords will increase it 4.5%, only that landlords charging below market rent will increase it 4.5%. If the landlord increases it 4.5% and you find something better you can move and now he has to deal with the pain of finding another good tenant.
5. I do not wish to insult you but 26k a year? I made more than this 10 years ago in highschool when I taught kids chess for $15/hour. Hell I made close to that at Tim Hortins working 40 hours a week at $10/hour, more if you include my weekend side jobs. Painters make around 60k a year before tax, and around 100k for the ones that work weekends and overtime. I talked to the security guard for the T&T downtown and he was making $17/hour at the age of 19 and I thought he was getting paid crazy money for that. Wages here are crazy high for low level jobs. $825 a month is very cheap rent and honestly your very lucky to get that your landlord is definitely losing money. Personally I work around 10-12 hours a day 7 days a week and I'd suggest that you do too so your not making $26k.
6. Inflation+2% was already restrictive as rent control and our supply was failing people as a result. You say rent control is a compromise. But we aren't compromising at all. Rent controls have been shown to fail, consistently. Anyone with any education knows this. We have below 1% supply and now we're reducing the growth of supply further, this isn't a compromise, this is suicide. I strongly suspect the NDP of furthering the housing crisis so they keep getting votes as they know if they solve it they won't get any.
7. Money to landlords. When have you ever seen the government give back money lol. They've already increased the taxes on landlords and killed the real estate industry so our economy is tanking as is their revenues. They put a bunch of taxes to discourage real estate ownership or purchase right after the mortgage rate increase so everyone stopped buying. They don't have two cents to rub together right now. No one understands this but the real estate industry made up a bigger part of our economy than oil in Alberta and now its gone down 20-30%, mostly in the luxury market which employs the most people and pays the most taxes. When this happened Alberta went into a recession, unemployment went up like a rocket, and ours is coming soon. Developments under construction are finishing but many developers are waiting or going elsewhere now which is going to be huge for unemployment and taxes. We killed the golden goose and its going to take us a decade to recover.
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