The Leveller · Community News

"People are being displaced from their homes so that landlords can use housing to maximize profit. The law currently helps landlords to do this and does not include any meaningful safeguards for tenants defending their homes."

How are #Ontario housing rental rules enabling landlords to displace tenants for more profit?

The Leveller explores vacancy decontrol and what it has done to people living in #Ottawa recently.

https://leveller.ca/2024/10/rental-policies-enable-landlords-to-displace-tenants/

#ottpoli #onpoli #onhousing

Rental Policies Enable Landlords to Displace Tenants - The Leveller

By Emily Miller The provincial governments’ policies have made tenant eviction profitable. Mass evictions, like the one currently being carried out by Smart Living Properties (SLP) of Bank Block Tenants (BBT) in Centretown, have become a common strategy for landlords to extract more money from tenants. They can do this because governments at all levels …

The Leveller
Oct 30, 2024 at 3:11pmWeb
Show threadrndeonOct 30, 2024
@leveller_ottawa "SLP could increase their profits 400% by evicting tenants"
To me, this makes it clear that rent should be divorced from profit. Why would we, as a society, want that much money going towards rent when it could be going towards the economy? Every dollar that goes to a financial entity that primarily holds investments is a dollar that will no longer benefit the people actually living in the city.