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Episode 02: Is Rent Control Hurting Housing In BC and Ontario?
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In this episode, we dive into the effects of rent control on the housing market in BC and Ontario. With BC capping rent increases at 3% for 2025 and recent rulings allowing a 23.5% hike, we explore whether rent control is solving or worsening the housing crisis. We also look at Argentina’s bold decision to remove rent control and the surprising results.
What We Covered:
- BC Rent Cap of 3% in 2025:
What does this mean for landlords and tenants moving forward? - Recent 23.5% Rent Increase Ruling:
We discuss the reasons behind the ruling and its impact on the rental market. - Should We Abolish Rent Control?
Arguments against rent control, including its impact on supply, maintenance, and rental costs, and the potential political fallout of removing it. - Argentina’s Success Story:
After removing rent control, Argentina saw housing supply increase by 212%, rents drop by 26%, and mortgage costs fall by 30%.
Key Takeaways:
- Rent control may worsen housing affordability by reducing supply.
- Argentina’s removal of rent control shows promising results.
Resources Mentioned:
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