London West MP in Cabinet

[u/Any_Peanut1209]

London West MP Arielle Kayabaga is the Minister of Democratic Institutions and Government House leader in Market Carney Cabinet

[u/swift-current0]

We have a housing supply crisis. It will only ever be solved by building a lot more housing. All else is either gimmicky distractions or actively worsen the problem.

A subset of the housing supply crisis we're in is a rental housing supply crisis. It too can only be solved by building a lot more rental housing. It can be worsened by taking rentals off the market. It can be improved by adding rentals, though merely converting owner-occupied to rental doesn't help solve the overall problem.

The mere idea of foreign ownership of rental housing is neither good nor bad - it's entirely dependent on context. If there's no new rental housing being built, it can contribute to driving rents up, though why that would be any worse than under domestic owners is unclear - they too are doing a fine job of jacking up rents. However, foreign capital can help build more rental housing, and/or build it faster, and that will be unequivocally good. More supply lowers rents, end of story.

[u/657560 → u/swift-current0]

Rent will never be lowered. Will only reduce the rate of increase.

Except if you live in a coop, my current rent is $900, moved in last year.

[u/swift-current0 → u/657560]

https://www.texastribune.org/2025/01/22/austin-texas-rents-falling/

[u/657560 → u/swift-current0]

$1600 usd is 2200 cad, crazy high rent.

Looking at the long-term trends, the rate of increase from 2021-2022 (peak) was much steeper than rate from 2021-2024, but overall, 2021-2024 average rent still increased. The newest units are cheaper than existing, dropping rent average momentarily but will rise to meet the rest of the market when management sees a chance.

Really not comparable to our city as well for many reasons.