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Why it's time for a serious debate about rent control in Canada
(financialpost.com)
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Non purpose built for rental homes should be limited to one per person. Any more than that should be hit with cumulative tax rates for each home past the first until such time as it is no longer profitable to hoard them.
Not saying people can't own multiple homes. It just shouldn't be so disgustingly profitable. If it's not profitable, prices adjust accordingly.