Quote:
Originally Posted by getbak
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The thing is, if you are an "ethical" landlord, you should be standing behind his statement as much as anyone because those "unethical" landlords are the ones who cause stricter laws to be implemented. Stricter laws are not necessarily in your best interest.
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No, he shouldn't. It is not Nenshi's prerogative to accuse any landlords, when the City has absolutely no hand in their business. The City owns Calgary Municipal Housing Corporation that does a pretty mediocre job of managing subsidized housing for people that really need subsidized housing. The City also owns Attainable Housing Corporation that does a pretty mediocre job of helping people get into the home ownership, when they shouldn't be in it yet.
There is a good reason purpose-built rental communities have not been built
en-masse in the past twenty years despite the huge market demand. The economic feasibility is not there for capital providers even at today's rental market rates.
Rent controls never worked well, anywhere. There are ways for the City to help build more rentals - give city-owned land away in exchange for rental commitments from builders, build more subsidized housing, implement more blanket density land-use re-designations in the inner-city and suburban areas near popular rental locations (schools, shopping centres, transit). Then things will start moving along. Slowly.