A look at rents around town
La Presse looked at rents and available apartments, and the story is not a hopeful one. Example: an apartment in Anjou that was rented for $675 in 2016, now posted for $1400.
Salaries have not risen all that much in five years. How are people managing this?
david124 12:47 on 2021-04-25 Permalink
Need to hammer the rentier class by torching the.value of their investments. Upzone 100% ot Anjou and let the mom and pop builders loose! You won’t get this everywhere, and it won’t happen overnight, but in Anjou your new build unit will come to market at around the same $1400. Laugh at the would-be rentier as he watches.the value.of his investment shrink year in, year out with each new unit that goes up.
steph 21:48 on 2021-04-25 Permalink
IMHO the upzone’d new construction is so badly built, it’s all going to be scrap in the blink of an eye.
Robert H 23:20 on 2021-04-25 Permalink
«Et lorsqu’un logement est demeuré vacant pendant 12 mois, son propriétaire n’est plus tenu d’en fixer le prix par rapport à l’ancien loyer, rappelle-t-il.» Pour le propriétaire, c’est presqu’une incitation!
Avant meme de le lire, c’est assez déprimant de voir les photographies, quel cauchemare.
What a dump.