Landlords fear financial fallout from new cap on rent hikes - News Summed Up

Landlords fear financial fallout from new cap on rent hikes


Landlords in B.C. are concerned about absorbing the costs of property taxes and maintenance after the province decided against a 4.5 per cent rent increase proposed earlier this month. "My fear is this is the first and the next one will be rent control from the government. 's housing market and feels landlords are being forced to shoulder increased costs in order to provide affordable housing. Developers who have been trying to make new rental housing work just can't do it now.


Source: CBC News September 28, 2018 02:01 UTC



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