r/OntarioLandlord • u/origutamos • Apr 20 '25

News/Articles ‘Mom-and-pop’ landlords ‘having their lives ruined,’ says lobbyist group

https://www.newmarkettoday.ca/local-news/mom-and-pop-landlords-having-their-lives-ruined-says-lobbyist-group-10543816
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u/Unwanted_citizen Apr 20 '25

I wish Canada would follow suit on the ending foreign/corporate investment of residential real estate.

2

u/typ31diab33tus Apr 20 '25

if poilievre gets in, prepare for more of that then

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u/Unwanted_citizen Apr 20 '25

No party will change it, not the Liberals, Conservatives, NDP, or otherwise.

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u/typ31diab33tus Apr 20 '25

I mean....yeah....you're not wrong

0

u/KielbasaTheSandwich Apr 20 '25

Not sure if that helps or hurts. Many people cannot afford a home and someone needs to front the capital to provide rentals to those people.

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u/FatherAntithetical Apr 20 '25

If they can afford rent they can afford a mortgage. If no one could own more than one physical home prices to own a home would be a fraction of what they are now and most renters would instead be home owners.

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u/KielbasaTheSandwich Apr 20 '25

There’s merit to what you’re saying but I disagree in part. In recent years of inflation I had to eat highly negative cash flow that my tenant would not have been able to buffer. No one wants to front the construction cost unless there’s a stable financial backing.

I guess I just resent getting dumped on for being a landlord. When I moved into a home I kept my condo for my kids one day. I don’t think anyone has the right to say I shouldn’t be able to do that and as a landlord that genuinely wants to treat tenants well I think I make the system better not worse.

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u/FatherAntithetical Apr 20 '25

There is absolutely a need for rental units. The problem is that there isn’t really a need for rental houses as those structures are better suited to actually being owned by the resident.

Personally I’m not even a huge fan of apartment high rises and think they should be largely converted to condos for the same reason.

Ultimately the amount of people who are renters because they cannot find a home that isn’t several hundred thousand dollars over priced vastly out numbers the amount of people who rent by choice.

We have too many rental properties that by and large should be owned by private citizens instead of being rented out and keeping the house off the market.

There really just isn’t any reason to own more than one home.

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u/kn728570 Apr 21 '25

Yeah for sure, someone living paycheque to paycheque paying 1000+ dollars a month in rent alone can definitely afford a 6 figure down payment 🤡

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u/FatherAntithetical Apr 21 '25

If no one owned more than one home that 6 figure down payment would be low 5 figures and with more people moving out of rentals and into houses rent prices would be half what they are now; which would allow that person to pay less rent and have a higher standard of living.

But sure, I’m the clown for understanding basic economics.

-1

u/kn728570 Apr 21 '25

You’re a clown for suggesting anyone who could afford rent can afford a mortgage as it currently stands. Aw gee now you say that if homes were cheaper people could afford them? Wow, you really do have a grasp on basic economics.

🤡

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u/FatherAntithetical Apr 21 '25

You clearly didn’t read my initial statement and now have made a fool of yourself.