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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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I agree. The City has the power to try and change things through zoning and incentives to developers.... but of course, then they are not maximizing profits either.