Kathleen Wynne
Premier of Ontario
Ontario Premier Kathleen Wynne says the argument that applying rent increase caps only for older buildings would lead to more rental units being built "does not actually hold water" with her.
Wynne says developers argue that the 1991 rule was important so that more rental units would be constructed, but she says that hasn't happened in any comprehensive way.
"Rents have doubled, is that okay?"
Wynne says developers argue that the 1991 rule was important so that more rental units would be constructed, but she says that hasn't happened in any comprehensive way.
"Rents have doubled, is that okay?"
I'm fairly certain they have more than doubled since 1991. Rents my my area alone (North Toronto) in the last 5 years have gone up by at least 30%.
In comparison to the housing price since 1991, aren't doubled rents still at a discount?