Stop gouging tenants, Mayor Nenshi tells Calgary landlords!! UPDATED 2017

[Moe]

I live in Ontario but similar arguments probably apply. A landlord can only charge a rent of a certain price if he wants to attract renters and make it affordable for them to pay. I have a tenant of four years plus and have never raised their rent because they are good tenants and I want to keep them. I do understand that small landlords especially, sometimes have to raise the rent. Hydro and gas are going up always (carbon tax now), property taxes here in Ontario went up 2% and water bills 10%. Not to mention that if you are entering the market as a new buyer to become a landlord, the mortgages are higher because prices of real estate is up. I think gouging is a bad word. Some small landlords are in this for the long haul and have little short term return. I know I break even to only a small profit.

[CMcDavidOil]

You must be logged in to read the additional posts in this topic