Jack Knox has a great article on the state of the rental scene in today's TC.
...“Governments need to understand that developers can build condos, commercial projects or purpose-built rentals for the same building cost,” Ash says. There’s no way we’ll see mass construction of residential rentals without incentives that make building and managing them a worthwhile option. They must also be profitable enough to make lenders comfortable putting up the capital. And remember that not all developers are Vancouver gazillionaires using $50 bills to light $100 cigars, that the mom-and-pops need to be taxed like other small businesses. “If they really want change,” Ash says, “they need to make it financially viable for business to operate.”...
https://www.timescol...gers-1.23476880