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Mortgage Broker News | 10 Jul 2018, 12:52 AM Agree 0
Come tomorrow, the Canada Mortgage and Housing Corporation may better known for helping catalyze construction of purpose-built rental buildings
  • Carsten | 10 Jul 2018, 02:12 PM Agree 0
    So sad!
    First the federal, provincial and municipal governments are destroying the private sector rental construction market with rules, regulations and tenant rights and now the government has to pump our tax dollars back into it. There is no money in the rental market if you built new units because new units without subsidies in one form or another are not affordable or profitable anymore. With the constant rule changes in the last years and the governments social engineering policies too many landlords / investors got burnt. They committed to very long term investments and the government changed the rules. Why should they invest more money into it when they can invest it somewhere else (outside Canada) with less risk and higher return.
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