Advocates say there’s appetite for protests over the housing crisis, but several obstacles remain…
Data from the Canada Mortgage and Housing Corporation (CMHC) shows Canada has ramped up construction in recent years, including over 240,000 new home starts in 2022, just slightly down from the record-high 244,000 units started in 2021. Additionally, Statistics Canada data shows that from 2019 to 2021, housing stock growth outpaced population growth in Toronto and Vancouver, two of the hottest markets in the country.
Then also restrict their ability to raise rent.
So what you end up with is a home that gets repossed by the bank and for whatever reason, the banks don’t have to follow any tenancy laws and you’re out on your ass. No thanks.