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Time to raise the rent – even in a slowing market?

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Canadian Realestate Magazine | 25 Nov 2015, 08:15 AM Agree 0
Don’t let ‘status quo’ lull you into submission – landlords need to ensure rent increases keep up with rising prices in Canada’s hot property markets
  • | 27 Nov 2015, 09:46 PM Agree 0
    • Fed Up | 30 Nov 2015, 01:47 AM Agree 0
      And that is why the Rich get richer ...... Our rent was increased, and it wasn't the exact amount... We are moving to buy, sick of cheating, sly landlords!
  • Liz | 30 Nov 2015, 11:14 AM Agree 0
    This article is unfortunately angled and toned as the other comments have already said "sounds terribly greedy". Also "the interview's opinion" is a ridiculous reason to base this article. It comes down to simple facts. Average rental rates and vacancies in the community zone along with the equality of the property in comparison. Not to mention seasonal rental cycles. If you're located near a university you want to catch the semester cycles. It doesn't take a property long sitting vacant to destroy the profit from any increase you had hoped for. Not to mention the value of good tenants. The rental game is one of win, losses and this is a poorly written tiny snapshot of some guys "opinion". Albertans check your vacancy rates before you raise your rates or you'll have a vacant rental on your hands.
  • Jon | 01 Dec 2015, 08:54 AM Agree 0
    In many cases it is local politicians that are responsible for increasing rents. This is because it is the politicians that are increasing the operating costs of providing housing. Increases in garbage pickup, water rates, sewer rates, property taxes, hydro rates (govt owned hydro one), city mandated inspections and a new "water runoff tax are just a few examples.

    The reality is operating costs go up.

    If landlords cant recoup some of this cost, the rental business wont be worth investing in. This is largely why so little new purpose built rental housing has been built in the last few decades.
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