On a crisp fall day in 2022, I sat in a meeting room at the Château Laurier in Ottawa with executives from some of Canada’s largest apartment companies. We were there to discuss what could be done for tenants facing rising rents and evictions in some of their buildings. They were clear: Their job was to make a profit and uphold the interests of their investors. They called it their fiduciary duty. With respect to tenants struggling to pay the rent increases these same companies were imposing? We are not social services, they said. They were being honest, and we should take them at their word.
It’s a good piece that explains the transformation of housing into a corporate asset.
And Mr. Carney accidentally let us see it with our own lying eyes.
What drags it down is that weaponized mass immigration is never mentioned as a cause of the housing shortage.
I guess it’s the best we can expect from a former UN Special Rapporteur on housing.
