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Landlords will need help if temperature law becomes reality, advocacy group says (www.cbc.ca)
submitted 1 year ago by to c/ontario@lemmy.ca
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"But we also think that the responsibility for the safety of [low-income people] — and let's face it, it's low-income people who have this problem — that's a responsibility for society at large, for everyone, not just for the people who happen to own the buildings where these people make their homes."

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[–] 5 points 1 year ago (2 children)

Just make it illegal for corporate ownership. Mass housing for sale will drop prices

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  • [–] -1 points 1 year ago* (last edited 1 year ago) (1 child)

    I agree however the problem becomes 'what is corporate ownership'? I have some LL friends who own three houses who have formed a corporation but its just a single owner. I have some that own a rental however they manage them through a broker who does all the management and maintenance for a share of the rent and any capital gains. Then there are the guys who form a corporation with a few other guys so they can buy an apartment block but without those three friends pooling their money it would likely be owned by an international company.

    I think the delineation is that single family homes should not be owned by corporations that have more than 4 shareholders with a set financial limit. If you want to buy a 16 unit apartment with three friends, go for it. But if you're Blackrock with billions of dollars and 155 million shares then you have no business buying ANY residential housing.

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  • [–] 3 points 1 year ago

    Since we have a terrible housing crisis, my belief is a residential home should be owned by a family and not corporations or international invovlement. Apartments can be like our Strata Condo we live in, the strata is a legal corporation but only owners of the units belong to it. We had a no rental clause. But our Canadian government overrules that during the pandemic.

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