🚀 go-pugleaf

Christina Johnson wrote:

> since landlords own the property and call the shots,
> my suspicion is that any trickery and harrisment is their doing.
>
> not sure though, see, I havent had a landlord in a considerable time,
> since shortly after the time I was apt hunting in st catharines and
> would enquire as to are there anyone who has given their notice and
> if so, I would be interested in taking that unit. just tell me,
> there must be someone in a building this size that has given notice.
> if not this month then next. etc etc.
>
> the response? well, seems if I was to hand over a months rent, that
> would get me on a special list. oh, so you want the first months rent
> up front? no, that is to just get on the 'waiting' list.
>  ie a godam BRIBE. payola. pay 13 months rent for a 1 year lease.
>
> and THAT is typical landlord behaviour. gouge gouge gouge.
>

Of all the discussion on this line, no mention has been made on the fact that
there have been no construction of rental buildings (privately funded)  in GTA
for about 15 years. The field has been uneven in favor of the tenants for so
long and no landlord  or  investment would like to construct  rental building
because it is just not viable at all even when the TPA is passed.

It is simply a matter of supply and demand - the costs of maintaining a
privately owned rental building (including pleasing some tenants from hell)
outweighed that of the return.

Until the pendulum has swung to such an extent that a reasonable return (of
about 3-5%)  for those investment, there won't be any substantial infusion of
capital (from private source)  towards the construction of rental housing.
Now that   there have been no construction of public housing following  the
devolution , it is guaranteed that  there won't be enough rental spaces in
GTA.  Rental will only be driven up   until private investment fund come in
building up more rental housing. I am afraid this  long process takes over 5-6
years to take effect.

Dan