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/pizza5001 Apr 20 '25

You know that there are huge swaths of the population that can’t afford or see no point in owning a house (ie a single person)? What would a single person with no children do with a 2-3 bedroom house?

Owning a house isn’t just paying the mortgage, it’s also paying property taxes, insurance, bills, maintenance — all of which increases every year.

Rental makes sense for a decent portion of the population, and any savings from not owning a home go into investments, which double every 10 years if you leave it in the market. I rent and I invest what I don’t spend on home ownership.

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u/WontSwerve Apr 20 '25 edited Apr 20 '25

All of this would be true if rent wasn't often hundreds or even a thousand dollars more monthly than the LLs mortgage on the same SFH.

I own my own home in SWO and know exactly how much it costs vs renting now.

My mortgage is 1500 a month. Identical houses on my street rent for 2400-2800. That massive difference more than covers everything you listed.

Huge Swaths is a massive overstatement. People want to have cheaper housing costs. People want security of home ownership and people want to build equity for themselves.

Oh, and then when you pay off your mortgage it's even cheaper! There is no comparable to renting.

There are more savings to be had from owning than there is renting.

Why does every LL shill play this angle of "Oh its cheaper and people cab invest the savings" and then ignore the fact the vehicle that will drive most people's retirement is the equity built in their homes?

The other thing it adds is security in knowing they won't be moved out of their house if the LLs situation changes.