Real Wealth Real Estate Weekly Newsletter By Maria Rekrut

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By Maria Rekrut on September 04

The Rental Market in Canada: Who’s Profiting and Who’s Suffering?

This is a question, I ask myself every day, as I watch what’s going on in Canada and worldwide.  I feel like I’m on a hamster wheel, and not being able to get off of it.  This is all a bad dream, and I’ll wake up tomorrow, I’m sure of that!!

  Then I wake up and guess what?  It’s just another day on the hamster wheel.  Canada was never like that.  We Canadians were accustomed to a stable government, that at least seemed to care for its citizens…   LOL!!   We didn’t have a Prime Minister who sold us out to the World Economic Forum and had, Klaus Schwab, declare to the world that his organization had “penetrated Trudeau’s cabinet”. Really, is he kidding?

We never had anyone throw people in jail, because they fought for their freedom to earn money in order to take care of their families. Or had their bank accounts closed down, even if you only donated “$50.00” for the Freedom Convoy’s cause.

I don’t really know who Trudeau thinks he is…. He is a civil servant, which means he has to abide with what Canadians want and need, not what the WEF – World Economic Forum tells him to do.  You can’t swear allegiance to two masters.  Trudeau’s allegiance is to the Canadian people and not to the WEF.  Trudeau gets paid by the taxpayers…   Canadian taxpayers, remember that!!

Our health care system, used to work, if we had a stable job or business and our dollar was worth something. We could buy groceries, buy a house, own a car, buy gas and not have to take a “loan” from the bank in order to live from pay cheque to pay cheque.  Now because of this runaway inflation, our dollar’s not worth anything!!  End of story.  

I’ll be publishing a weekly newsletter that I’ll share with you.  If you want to read more about my thoughts, feel free to hop over to my website at: http://realwealthrealestate.com/  Join me on the Maria Rekrut Radio Show broadcast live on Thursdays at 5pm on https://4680q.com/   Read below my article on how the Canadian Real Estate Market is Failing its Citizens!!

The Rental Crisis: How Canada’s Real Estate Market is Failing Its Citizens

The State of Real Estate and Landlords in Canada

Canada’s real estate market has been a topic of discussion for years, with many Canadians struggling to afford homeownership or even rental housing. The following is an overview of the state of real estate and landlords in Canada, based on recent news articles.

1. The End of Homeownership

For generations, middle-class Canadians have been sold on the promise of homeownership. However, the promise was always flawed. Homeownership has become increasingly unaffordable for many Canadians, especially in major cities. The high cost of housing has led to a rental crisis, with many Canadians struggling to find affordable rental housing.

2. Landlords Are One of the Leading Causes of Canada’s Rent Crisis

A tiny percentage of landlords are controlling Canada’s rental market and exploiting tenants for their own gain. Despite the media’s focus on Canada’s “small landlords,” the landlord class comprises wealthy families, small businesses, corporations, and financial institutions. The rental crisis has caused homelessness to explode in nearly all of Canada’s major cities.

3. Why Canada is Losing Affordable Rental Housing Faster Than It’s Being Built

Research shows that in the last decade, Canada has been losing affordable rental homes far faster than new ones are being built, and it’s forcing some renters out of the homes and communities they know.  As Canada’s real estate market has heated up, large investors have brought industrial standardization and a financial focus to the landlord business. Housing experts call this trend “financialization.”

4. When No Landlord Will Rent to You, Where Do You Go?

No state in the country has enough affordable rentals, especially for low-wage workers, who need to earn at least $23.96 an hour, on average, to afford a two-bedroom rental. The absence of boardinghouses and single-room-occupancy hotels, which were a dominant form of low-income housing in many of America’s industrializing cities a century ago, is regarded as an overlooked cause of today’s acute housing crisis.

5. The Rise of Financial Landlords Has Turned Rental Apartments into a Vehicle for Profit

The multi-family apartment rental sector in Canada is being transformed by the rise of “financial landlords,”  huge corporate firms that acquire properties as investment products. Canada doesn’t need landlords that bank on an affordability crisis as their business model. To rebuild inclusive cities post-pandemic, housing must be treated as a home and not a financial asset.

6. Is Your Landlord Liable for Your Safety?

Landlords have a duty to ensure that their rental properties are safe for tenants and their guests. Before giving the tenant possession of the rental property, the landlord must conduct a reasonable inspection of the property for unsafe conditions. After giving the tenant possession, the landlord is typically only liable for injuries to third parties caused by a dangerous condition that the landlord knew or should have known about.

In conclusion, Canada’s real estate market is facing a rental crisis, with many Canadians struggling to find affordable rental housing. The rise of financial landlords has turned rental apartments into a vehicle for profit, and the loss of affordable rental homes is forcing some renters out of the homes and communities they know. Landlords have a duty to ensure that their rental properties are safe for tenants and their guests. To rebuild inclusive cities post-pandemic, housing must be treated as a home and not a financial asset.

THIS WEEK’S HOT TOPIC

THE ILLUSION OF HOME OWNERSHIP

Be sure to watch my video about The Illusion of Land Ownership in Canada: What You Need to Know!

READ MORE ON OUR WEBSITE http://realwealthrealestate.com/

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