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Originally Posted by rohara66
Just to clarify but if the lease is ending the new lease rent can be raised as high as the landlord wants.
At the end of the day its supply and demand.... if Nenshi has a problem with the demand than maybe he should get council/planning/city on board with expediting development approvals and construction in the City to create more supply.
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Development approvals are only a part of the picture. But we are expending a lot of effort trying to improve the planning system. Industry capacity to handle the amount of growth we have is also a factor. Also, market housing is only a part of the picture. By and large the market serves us well, but there is a role for non-market housing for those most vulnerable. Unfortunately, this is badly underfunded and we're falling behind.