Alternatives to Rent Control for Small Landlords
Whereas many smaller communities have very little purpose built rental units and rely almost exclusively on secondary rentals provide by small landlords those with less than four units; And whereas operating costs faced by small landlords have increased dramatically over the last few years including utilities, maintenance, interest, and land taxes; And whereas the provincial government has continued to artificially cap and limit the annual rent increases allowed for existing long term tenants, with allowed rent increases not having any connection to increased costs or increased market r