$100K to get out? Landlords say they’re facing outrageous 'cash for keys' demands

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  • čas přidán 6. 06. 2024
  • Some small landlords say they're facing outrageous demands from tenants to hand back the keys. CBC's Ioanna Roumeliotis breaks down what’s behind the rise in "cash for keys" deals and why advocates say it's time tenants got the upper hand.
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Komentáře • 6K

  • @CBCTheNational
    @CBCTheNational  Před 5 měsíci +200

    We’ve opened comments on this post to hear your experiences related to this story and to help shape future coverage. Comments remain closed on other videos to try to reduce harm to the subjects of our content, our staff and the audience.

    • @johnransom1146
      @johnransom1146 Před 5 měsíci +355

      You stifle debate and discussion when you close off comments. That’s not the role of any broadcaster.

    • @rhetorical1488
      @rhetorical1488 Před 5 měsíci +3

      @@johnransom1146 they are not journalists anymore they are commentators offering opinions for the state

    • @ms9001
      @ms9001 Před 5 měsíci +7

      CBC censorship at its finest :)

    • @horacesilver5238
      @horacesilver5238 Před 5 měsíci +200

      no, because you wokesters will get tons of criticism, and rightly so.

    • @hectochango5831
      @hectochango5831 Před 5 měsíci +232

      It's anti free speech to close discussions while you get taxpayer dollars.

  • @mollyEmiliano
    @mollyEmiliano Před 19 dny +1927

    My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means. Thank you for your advice. I know it will help people. we are interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

    • @shukriCamila
      @shukriCamila Před 19 dny

      Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

    • @LilianaAgnes
      @LilianaAgnes Před 19 dny

      Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!

    • @otmanMaya513
      @otmanMaya513 Před 19 dny

      I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

    • @vikasgrey
      @vikasgrey Před 19 dny

      Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

    • @vikasgrey
      @vikasgrey Před 19 dny

      thank you for this tip

  • @747Cone
    @747Cone Před 5 měsíci +1471

    The Middle class fighting the lower class while the upper class laughs and counts its profits

  • @momong888
    @momong888 Před 4 měsíci +75

    That tenant advocate is the biggest clown out there.

    • @sirdiealot53
      @sirdiealot53 Před 26 dny +9

      His argument boiled down to “landlords make money = bad, therefore SQUATTERS RIGHTS!”

    • @sunilmenon6344
      @sunilmenon6344 Před 24 dny +10

      he gives off sociopathic vibes

    • @user-kh7eb7th8d
      @user-kh7eb7th8d Před 18 dny +5

      You can. Literally see the bag of chips in the background ahahahah

    • @spik330
      @spik330 Před 9 dny +1

      @@sunilmenon6344 looks like you bog standard redditer

    • @sophiabarnes5086
      @sophiabarnes5086 Před 5 dny

      Ha ha i agree!

  • @Ghost-vr5zg
    @Ghost-vr5zg Před 2 měsíci +33

    The rental advocate: "I think fraud and extortion is great when it's my team"

  • @JaBlanche
    @JaBlanche Před 5 měsíci +1225

    The government has created so many problems. This isn't a landlord or tenant issue. It's a government issue.

    • @cosmoray9750
      @cosmoray9750 Před 4 měsíci +71

      Welcome to Canada.
      That is why it is call Criminal Justice.
      Criminals has more rights than average Canadian.

    • @JaBlanche
      @JaBlanche Před 4 měsíci +9

      @@cosmoray9750 feels like it.

    • @user-ct4no9hx1t
      @user-ct4no9hx1t Před 4 měsíci +29

      Government is guilty for tenants that don't want to move out? Are you kidding?

    • @martindeckert6035
      @martindeckert6035 Před 4 měsíci

      The Government has a part in this the renting situation is out of control and developers are making things more difficult @@user-ct4no9hx1t

    • @RebuttalRecords
      @RebuttalRecords Před 4 měsíci +33

      It's a greed issue is what it is, either on the part of the landlord, the tenant, or both. The real problem the government has created is a housing shortage all thanks to irresponsible immigration combined with sky-high inflation and stupidly high interest rates as a result of printing too much money in a short period of time.

  • @holdenmibreath3331
    @holdenmibreath3331 Před 5 měsíci +952

    Why was there no attention given to the broken Landlord Tenant Board?? Regardless of who’s in the wrong there’s no excuse for such painfully slow adjudication of cases!!

    • @canadiangirl8775
      @canadiangirl8775 Před 5 měsíci +26

      Agreed! This is my question, too!

    • @XetaXones
      @XetaXones Před 5 měsíci +24

      They should also have more strict rules on service bc landlords can steal mail easily and the person wont even know there was a whole trial and decision made against them.

    • @todddoherty3440
      @todddoherty3440 Před 4 měsíci +35

      I agree. I believe the gov should be liable for forcing us to follow rules they are too incompetent to enforce. Should be able to sue them for that.

    • @mazedar_tv
      @mazedar_tv Před 4 měsíci +27

      Canada needs more permanent rental properties. Government is responsible for this mess

    • @maryannflemingmillar
      @maryannflemingmillar Před 4 měsíci +13

      ​@@todddoherty3440there was a class action lawsuit from small Ontario landlords against the LTB but the courts didn't certify it so it couldn't proceed

  • @lv2keepfit493
    @lv2keepfit493 Před 3 měsíci +41

    No way in hell I'd be a landlord these days.

    • @tarablue4472
      @tarablue4472 Před 2 měsíci +1

      I'm with ya. I'm a lifelong renter and sometimes I dream of home ownership. You think I would give up a portion of my property to renters? For rental income? NO WAY. Professional tenants hurt small landlords in the immediate term but hurt renters in the long term. This will only disincentive small property owners and thus reduce rental supply.

  • @DLG24
    @DLG24 Před 4 měsíci +387

    My grandma passed away, the house was rented out, the person renting didn't want to pay and leave. So, I took my mom and just moved into the house while the tenant was staying there.
    The tenant soon left.
    Sometimes you just gotta play tough with tough people.

    • @geoffreyhigginson5290
      @geoffreyhigginson5290 Před 4 měsíci +21

      Sometimes you just need to sell the property to someone who needs it. Stop being greedy

    • @MekarWB
      @MekarWB Před 4 měsíci +147

      @@geoffreyhigginson5290 Defending your property against someone who is trying to take it is not being greedy. That doesn't hold up by any reasonable logic.

    • @geoffreyhigginson5290
      @geoffreyhigginson5290 Před 4 měsíci +10

      @MekarWB they are profiting off of someone else basic right to live. Investors own the % of the market, reason for inflation and high rental prices. You must own multiple properties otherwise you would understand all of this. How's this for reasonableness?

    • @BonBon-uz5iq
      @BonBon-uz5iq Před 4 měsíci +74

      @@geoffreyhigginson5290You are wrong! I am a renter very limited income, and guess what I pay my bills. The property owners are expecting that income to pay the taxes on that property. You’re living in, keep up maintenance and to survive themselves. You want free rent go pitch a tent!!!

    • @geoffreyhigginson5290
      @geoffreyhigginson5290 Před 4 měsíci +7

      @BonBon-uz5iq lmao, I pay my living thanks. How am I wrong? You realize Canada has one of the lowest non market housing in the world at 5%. You also realize corporations own 100s upon 1000s of homes, and 1 renter is never going to make or break them. Regardless, what I said is true, if you want to make money, do it elsewhere. We are fortunate enough to be able to afford a roof over head, go pitch a tent comment shows how selfish you truly are.

  • @margaretglowacki5749
    @margaretglowacki5749 Před 4 měsíci +197

    What you’ll end up with is small landlords selling the property to corporate landlords or consortiums. Due to the legal and financial resources of these entities the tenants will really be screwed then

    • @rps1689
      @rps1689 Před 4 měsíci +14

      Already has been going on for years in the Maritimes.

    • @rps1689
      @rps1689 Před 4 měsíci +7

      @@trudy-annsmall9600 Small landlords have been selling to corporations and consortiums long before this situation.

    • @coolgranddad5430
      @coolgranddad5430 Před 4 měsíci

      So true, I used to call the WEF and such those dreaded "conspiracy theories." Well, read their website, flooding with immigrants is high on their list, soaring demand for housing far outstripping supply and poof! We have the mess in housing. We are depriving our youth of any chance to enter the housing market, all for Trudeau's globalist, elitists masters, sick and disgusting! Canadian PM should have only 2 equal priorities, they are; 1. Canada 2. Canadian citizens. Everything else is way down the list, but Trudeau's loyalties are clearly to the WEF, UN, WHO, ANYTHING but Canada or Canadians.

    • @bkgdnoize111
      @bkgdnoize111 Před 4 měsíci +7

      "You'll own nothing, and you'll be happy....."

    • @coolgranddad5430
      @coolgranddad5430 Před 4 měsíci +1

      Sadly, so true! I do have some hope, if Poilievre does even half of what he's indicated he'll do, we should be fine.
      That's assuming Trudeau doesn't rig the next election. But the owning nothing is a line that cannot be crossed, if a Canadian gov't goes that route, then we need a young man to rise up and take our country back. But a revolution should be an absolute last resort, but if the gov't goes that route, what other option do we have?
      I'd never wish for one, but that's where George Washington and Oliver Cromwell came from, sheer oppression, populace says ENOUGH! Gov't is playing with fire on this, hope they do an about face and soon. @@bkgdnoize111

  • @TericT
    @TericT Před 4 měsíci +236

    The problem with the LTB, and the current landlord tenant situation, is it only benefits those who are willing to act unethically, on either side.

    • @AcctistaZ
      @AcctistaZ Před 4 měsíci +6

      Aka landlords

    • @gorrevisor
      @gorrevisor Před 4 měsíci +21

      @@AcctistaZ If your contract says that you must leave within 2 months of having given a notice, and you have signed but you decide to stay, that is unethical, no matter from what angle are you looking from it.

    • @justjoking5841
      @justjoking5841 Před 4 měsíci +2

      @@AcctistaZ Social and coop housing can alleviate shortages but the vetting processes will not be gratifying...

    • @ninab.9798
      @ninab.9798 Před 4 měsíci +4

      Tenants only behave this way coz they know they can, as LTB, housing authority ... all back them.

    • @gabe9671
      @gabe9671 Před 4 měsíci

      if you spend anytime in the LTB, cases, by far the tenants get way more than fair treatment. Many of the people listening to the cases are tenants themselves. The fact is your can't be a home owner and pay a mortgage on the wages made by the LTB. So the thought that some how landlords are getting away with anything at the LTB is laughable.

  • @noseraph
    @noseraph Před 4 měsíci +112

    A similar issue existed where I lived in New England. A trend of difficult tenants eventually caused most private landlords in the area to sell their properties to rental corporations, which were not willing to negotiate with tenants and not only evicted them, but sued them for back rent, damages to the property, and attorney's fees. If tenants aren't willing to negotiate with their landlords and settle on a reasonable cash for keys agreement, they may find themselves not just facing higher rents to make up for rental risk, but corporate entities that have little patience for non-paying tenants and greater resources to pursue lawsuits. Tenants in this story may seem to have the upper hand now, but it will result in a rental environment where all tenants are worse off in the longer term.

    • @linmal2242
      @linmal2242 Před 4 měsíci +12

      Absolutely spot on !

    • @jeretso
      @jeretso Před 4 měsíci +7

      Those companies bought at a high price and rent prices will reflect the high purchase prices and lawyer fees.

    • @whatthepick
      @whatthepick Před 4 měsíci +1

      This is basically the USA during covid shutdown after the unlocking period oh boy did they pay hard.

    • @dominicschaub2342
      @dominicschaub2342 Před 4 měsíci +1

      Exactly

    • @kdpunshon3073
      @kdpunshon3073 Před 4 měsíci +7

      Yes, my tenant moved and less a horrendous mess. Now I am selling. Would not risk this again. Tenants will get what they deserve putting small landlords up against the wall like this.

  • @dm4859
    @dm4859 Před 4 měsíci +31

    Aren't contracts signed between owners and renters? Canada is not enforcing property rights and is failing to fulfill their obligations.

  • @Azel247
    @Azel247 Před 4 měsíci +464

    I've been a landlord and I've been an tenant (simultaneously for a period of time). There's too much BS on either side and people are just too unreliable. It's not the landlord's job to solve the country's housing issues. Now I just own one home and won't invest in real estate anymore.

    • @zackgravity7284
      @zackgravity7284 Před 4 měsíci +90

      Good, landlording is not a real job. collecting rent contributes Zero to society

    • @PwningGerZ
      @PwningGerZ Před 4 měsíci +17

      @@zackgravity7284yeah but you would think REI landlords act like they invented a new profitable business.

    • @Azel247
      @Azel247 Před 4 měsíci +17

      @@zackgravity7284 There are people arguing very passionately for either side. Best way is just to stay out of it and live a peaceful life.

    • @DS-rw5zz
      @DS-rw5zz Před 4 měsíci +85

      @@zackgravity7284 Landlord contributes a lot to society. They took time and money to invest so tenants can have places to rent. Without landlords, builders won't build, tenants won't have a place to stay. They are the key to drive the market and have more properties built.

    • @zackgravity7284
      @zackgravity7284 Před 4 měsíci +35

      @@DS-rw5zz they do nothing the government couldnt do with less expense to renters

  • @awlhunt
    @awlhunt Před 4 měsíci +497

    This is what happens when you let governments and banksters conspire to treat housing as a speculative investment instead of what it is - a place to live…

    • @oonojoe
      @oonojoe Před 4 měsíci +19

      Bingo. Very Well Said.

    • @JaRule6
      @JaRule6 Před 4 měsíci +11

      That's exactly what I thought when they said that people bought the houses when interest rates were low and now they want to sell them because they can't afford the balloon payment

    • @Curling_Rack
      @Curling_Rack Před 4 měsíci +4

      the tenant can still get touched out in public 😉😉

    • @lookanabeauti9386
      @lookanabeauti9386 Před 4 měsíci +4

      Exactly

    • @dracorpgroup
      @dracorpgroup Před 4 měsíci +3

      Exactly right!!!

  • @ChiCityLady
    @ChiCityLady Před 4 měsíci +40

    The higher the risks, the higher the rents landlords are going to ask for. The more tenants that dodge rent and make higher demands, the more other landlords are going to ask new tenants to pay.

    • @newlife956
      @newlife956 Před 3 měsíci +1

      That's a convenient one-sided view...Let me offer the other side - That tenants pushed to tent cities by greedy speculative landlords and the bubble they created....will continue to pull tricks like in the video....and complaining and criticizing tenants will get landlords nowhere....and as long as they keep the bubble inflated , they can expect things to get worse. The investment class is clearly partly responsible....clearly.

  • @firstlast4516
    @firstlast4516 Před 4 měsíci +13

    No enforcement = useless laws
    Who is responsible for the majority of the cases clogging up the tenancy board? I've read that corporations have been using it quite extensively which sounds like a problem they helped create to me.
    I could never imagine doing this to a person renting out their property but I've also been on ends of deals while renting where I couldn't believe what other people were willing to do to me, I see both sides of this issue.
    Its up to the government to deal with this stuff and they really don't seem like they care to do that.

  • @chrislaverick6413
    @chrislaverick6413 Před 5 měsíci +161

    I wish this topic would have focused more on the delays of the landlord tenant board tribunal, they are the root cause of all the current issues with the renting in this province, cash for keys is merely just a byproduct of the abysmal wait times

    • @nefron
      @nefron Před 4 měsíci +5

      Don't worry, now that it's affecting landords Ford will move heaven and earth to move the backlog along.

    • @alexg9727
      @alexg9727 Před 4 měsíci +8

      why dont we talk about the root cause? 1M people coming here in 1 year maybe?

    • @checory
      @checory Před 4 měsíci +6

      It's also the injustice of the system. The tenancy boards are biased against landlords and Tenants can appeal and stall the eviction process despite not paying rent.

    • @news2hedz227
      @news2hedz227 Před 4 měsíci

      @@alexg9727 there are 2 causes. Supply side and demand side. 1M (or whatever the real # is) supports this economy and the buckling medical system. Also gov't hasn't streamilined housing projects.

    • @news2hedz227
      @news2hedz227 Před 4 měsíci +4

      Agree. Landlords: imagine being forced out of your home in an instant. Tenants: imagine your life savings being slowly sucked dry. Result is the same, it's just the timeline that's different.

  • @majortom8047
    @majortom8047 Před 4 měsíci +379

    I've been on both sides of this situation. I rented for years and often found myself at the mercy of greedy landlords. The legal protections for tenants very often either did not exist or were not enforced. Years later, I bought a small rental house with my savings. It came with a mortgage, of course. Then my first tenants refused to pay rent on time, then not at all, then they re-keyed everything so that I was blocked from the property. After months of this, I hired a group that offered ejection services. They broke into the property after midnight and forcefully ejected the tenants along with their belongings. The tenants notified the police who contacted me and demanded an explanation. I explained and the police did just as the ejection service told me would happen. Nothing. I cleaned the property up and sold it the next month. I would never be a landlord again for any reason.

    • @jeffharrison1090
      @jeffharrison1090 Před 4 měsíci +14

      Sorry for what happened to you when you had property. But when you were a tenant, what things did the
      greedy landlords do to you? I know some cities may not have rent increase caps, but most do now. What
      was your experience with landlords when you were a tenant?

    • @joefunk76
      @joefunk76 Před 4 měsíci +50

      “Ejection services” 😂

    • @joelolenga1352
      @joelolenga1352 Před 4 měsíci +7

      This is crazy 😂😂

    • @JohnBoyed-fo6fm
      @JohnBoyed-fo6fm Před 4 měsíci +6

      Why not do right by the tenant?

    • @jitkablahakova3073
      @jitkablahakova3073 Před 4 měsíci +57

      As a tenant, you had a choice to move out if you didn't like a "greedy landlord," whereas a landlord with an abusive tenand is held a hostage.

  • @hook275
    @hook275 Před 22 dny +3

    'cash for keys' is a great sign of a broken ltb system

  • @frozentundra7446
    @frozentundra7446 Před 4 měsíci +43

    @5:29, this guy reminds me of child in an adult's body. Landlords are not your parents, pay your rent or get out, why is that so hard to understand?

    • @patriciabrant8037
      @patriciabrant8037 Před 3 měsíci +2

      That man if you can call him that. Is a spoiled brat.

    • @scottwebb4722
      @scottwebb4722 Před 26 dny

      cause they are communists

    • @maryg4082
      @maryg4082 Před 13 dny

      This is about no fault evictions because the LL wants to move back in. It is not about non payment of rent. In this market, however, some renters stop paying when they get an eviction notice as they realize they can not afford first and last for a new place, especially with only 2 months notice, without skimping somewhere. If their landlord is profiting from the sale of a house they have paid into for up to a decade, they don't feel that bad looking out for number one. The landlord certainly is.

  • @dognextdoor
    @dognextdoor Před 5 měsíci +290

    Lawyer: ‘Unfortunately these tenants know their rights….’ 😅😅😅

    • @elithiannyovneadar3042
      @elithiannyovneadar3042 Před 5 měsíci +63

      The right to not pay rent? Shame on them°°°

    • @philarchambault5767
      @philarchambault5767 Před 5 měsíci +24

      @@elithiannyovneadar3042 Shame on you

    • @beautanner8409
      @beautanner8409 Před 5 měsíci +51

      These renters are exploiting people who may never have taken advantage of anyone. I'm saying this as a renter who has been utterly exploited.

    • @Goldsavergamer
      @Goldsavergamer Před 5 měsíci +29

      Ya I’m not gonna invest in a second property… not until tenant board gets their act together… stocks the way to go… wait till more corporations own these rental properties - they will have pull and can get evictions done easier than regular citizens… then tenants will wish more people own rental properties instead of corporations…

    • @tonysimone2043
      @tonysimone2043 Před 5 měsíci +14

      invest in commercial property less problems

  • @davidmcguerty8405
    @davidmcguerty8405 Před 4 měsíci +387

    If you sign a 12-month lease, both sides should honor it. If the tenant fails to pay rent, the rental agreement should be null and void and an eviction order should be enforced without the non-ending legal path. That simple…

    • @An_Attempt
      @An_Attempt Před 4 měsíci +9

      It my be a good idea to make winter eviction prohibited since being put onto the street can be lethal.

    • @superswaggerorgasm
      @superswaggerorgasm Před 4 měsíci +1

      Then the state should compensate you. If the law prohibits it then the law should account for it as well@@An_Attempt

    • @slowpainful
      @slowpainful Před 4 měsíci +15

      Eviction orders are enforced - by the LTB. Landlords cannot evict, only the LTB (via the Sheriff) can evict. This piece is about delays at the LTB giving tenants a well-deserved advantage of time. Also, tenants can bring their own concerns to an eviction hearing, such as poor maintenance, harassment, illegal evictions (renovictions) etc. They can withhold rent by paying their rent in trust to the LTB until disputes are settled. Housing is not just the simple matter of a contract - housing is a human right and the federal government has affirmed this by its ratification of the UN Covenant on Economic, Social and Cultural rights, dating from THE 1970s. People have to have an affordable, decent place to live. It's not an optional luxury. So the situation is "complicated" by human rights.

    • @SP-ww8hv
      @SP-ww8hv Před 4 měsíci +9

      Sadly these human rights laws come into place because of abuse from the other side… when tenants have been treated in general as a feed bag, and then landlords want consideration above and beyond the laws that they were or should have been aware of is absurd

    • @kasiakozek4249
      @kasiakozek4249 Před 4 měsíci +14

      It's not simple at all. She has a tenant who has not paid her a penny for six month, and he does not want to leave. He claims he is unemployed and ignores everyone. My aunt already asked for legal help many times and they said nothing can be done. There is a new law that protects tenants and NOTHING can be done.

  • @peacelove7706
    @peacelove7706 Před 4 měsíci +24

    Canada does not have eviction ??? That’s ridiculous! One more reason NOT to live in the crazy place called Canada….

    • @Rrezz
      @Rrezz Před 4 měsíci +3

      Are you high? Your not allowed to evict someone just because you want to sell your property. You have to honour the rental agreement, so if your 1 year into a 5 year agreement you can't just kick them out lmao.
      If you want to sell your property you need to bribe the tenant to leave or sell the property with the tenant and the new owner has to respect the lease of the renter.

    • @maureensheridan4019
      @maureensheridan4019 Před 3 měsíci

      Who rents out their property for 5 years? No one in their right mind would purchase a property with a tenant in it I mean look at their entitlement. If youre smart you go mth to mth if youre even smarter, you dont rent out at all, too many deadbeats who think they somehow have an investment in whats yours. @@Rrezz

    • @tarablue4472
      @tarablue4472 Před 2 měsíci +3

      @@Rrezz Oh yes you can evict someone to sell the property, but there is a process in place for that with a series of forms like the N12. Leases are typically 1 year, not 5 year. So landlords can time it so the tenant is evicted by the end of the 1 year lease. Tenants don't need to be bribed but are due compensation for any months left on the lease after eviction.

    • @5plus4
      @5plus4 Před měsícem +2

      ​tarablue4472 depends on a lease duration. Tennant ts have been screwed for a long time

    • @tarablue4472
      @tarablue4472 Před měsícem

      @@5plus4 What did you miss about my mentioning of leases. Please read and read again before replying.

  • @yankeesusa1
    @yankeesusa1 Před 4 měsíci +220

    I'm sorry, but if a tenant is still under contract they are under contract. If you sell your property and it's still under contract then they have a right to finish out contract. If there is no contract then the landlord has they right to kick a tenant out. This is crazy.

    • @Curling_Rack
      @Curling_Rack Před 4 měsíci +3

      you can get your head pushed in tho

    • @dontbanmebrodontbanme5403
      @dontbanmebrodontbanme5403 Před 4 měsíci +34

      While that's very true, I don't like the responses from some of these tenants. Not only am I not leaving, but I've decided to stop paying you as well. Wait, what? At that point, you're just stealing.
      Now, with that said, housing all around the world is screwed up for a number of reasons. Artificial scarcity has made it such that homes are an investment, instead of a place to live. One of the easiest solutions is to build more housing. Of course, those that already have houses let elected officials know, uh, no, don't build more housing because that will bring down my property values.

    • @Triggerman2505
      @Triggerman2505 Před 4 měsíci +18

      ​​@@dontbanmebrodontbanme5403 veey well said. And this tenant representative is a complete moron. So if I live outside, in a tent, then he with a roof over his head even though he is renting, is more privileged than I. By his own logic, I should be able to come in to his apartment and move in and pay nothing. He as a tenant should pay me 20k to leave. How obsurd. People used to do this in late 80s and early 90s and you would just have to hire Eddie Melo back in the day and they would leave the same day..in a hurry. A lot cheaper. This opens doors to so much criminal behavior which is not what Canada is about. Take it out on your government. These landlords did not get these properties for free. It took decades of three jobs, no vacations, struggles,and sacrifices which I'm sad to say a lot of these tenants are not prepared to go through to get to landlord status.

    • @Triggerman2505
      @Triggerman2505 Před 4 měsíci +8

      ​@@Curling_Rackback in the day Eddie Melo visited me when I was late with my rent. I found rent money the next day. This still works today. I agree.

    • @slowpainful
      @slowpainful Před 4 měsíci

      Please see my comment to @davidmcguerty8405, above. It's not just a contract, which itself would imply rights on both sides. THere is an issue of human rights; and besides, landlords have robust protections already in place. But they don't just have the "right to kick somebody out" as you state, the tenant is entitled to a hearing at which they can state their side of the case. IF an eviction is ordered, it is ordered by the Landlord and Tenant Board, who is the only entity which can enforce evictions. Landlords cannot evict, by law. You are granting a lot of rights to landlords but overlooking the rights of tenants, which I find curious.

  • @gordonchow2203
    @gordonchow2203 Před 5 měsíci +184

    This is why I put my money into the stock market, not buy a second home, after I paid off my mortgage.

    • @Mr.chickensoup
      @Mr.chickensoup Před 5 měsíci +9

      Agree

    • @XetaXones
      @XetaXones Před 5 měsíci +13

      I agree, i only want one home. I dont want to have to be responsible for other ppl so i will invest in other things that dont demand so much responsibility but can make money just the same. I think these professional landlords just want to control others bc its not worth it and im struggling to understand why theres so many who insist on investing in housing. Better off investing in commercial rentals instead, makes no sense tbh

    • @MikeyPaper
      @MikeyPaper Před 5 měsíci +9

      Agreed. A second home as a rental is not worth the headache anymore. At least not in Canada. There are better investments with minimal stress that still produce a good ROI.

    • @Funk1880
      @Funk1880 Před 5 měsíci +19

      Idk why these landlords always cry lol. YOU made an investment without any risk management and now you are mad it’s not working out.

    • @MB-zm8qg
      @MB-zm8qg Před 5 měsíci +11

      We did the same. Invested in the stock market and our home is paid for. We still have an empty studio, and we will continue leaving it sitting empty.

  • @betz6507
    @betz6507 Před 4 měsíci +26

    I owned two small apartment buildings in NY state. The pandemic ruined me. NY took away my property rights and ignored contract law. Most of my tenants decided they didn't have to pay rent. I also owned a house, which I just remodeled to be rented out .. the tenants stopped paying rent immediately. I couldn't go to court for evictions. It lasted a year and a half. I had put a lot of money in the apartments, remodelling them, making them a nice as I could. I did not charge top rent. My tenants could text me for any issues, and I responded immediately.
    I sold everything with a huge loss. Our government is totally against the small business person. They want everything owned by the big guys.

    • @whatthepick
      @whatthepick Před 4 měsíci +3

      Heard about those stories and was like ... the government knew what it was doing when it did that. Now the market and the restrictions are extreme compared to before because of landlords getting kicked out and those that remained well the aren't going to give anyone a free ride after that.

  • @SickndSoul
    @SickndSoul Před 4 měsíci +8

    There should be no "Upper Hand", it should be even straight across the board. The Land Lord and Tenants Act should be followed word for word....just to keep it even and fair for all...rewrite the Acts if needed in order to make fair

  • @gnes04
    @gnes04 Před 4 měsíci +311

    Months for an eviction hearing is crazy.

    • @BoogieBoogsForever
      @BoogieBoogsForever Před 4 měsíci

      And not just eviction hearings.
      Your landlord is harrassing you, or won't fix stuff, same months-long wait.
      Doug Ford don't care.

    • @IMGreg..
      @IMGreg.. Před 4 měsíci +13

      Not if you're the one being evicted.
      People are being booted with no reasonable places to go.

    • @Enonymouse_
      @Enonymouse_ Před 4 měsíci +8

      Whats crazy is if you own a private (not a rental) home in the US and someone breaks in and squats (illegally occupies it) that building for a certain amount of time, they are considered a legal tenant and the owner must go through exhaustive court proceedings to get them out. Its happened with some AirBnB tenants as well.

    • @gnes04
      @gnes04 Před 4 měsíci +1

      @@IMGreg.. that's why there is a hearing in the first place. Delaying the hearing itself is dumb

    • @jakeleisure8326
      @jakeleisure8326 Před 4 měsíci +5

      ​@@Enonymouse_This is an extremely broad generalization that couldn't be more untrue in my state as well as many others.
      There are 50 states, each with their own set of laws on squatters. I doubt even a handful have squatters rights like you suggest

  • @Chicago_jake
    @Chicago_jake Před 4 měsíci +157

    In the U.S. if you owe money to a landlord it goes on your credit report. Good luck finding another place to rent because literally every landlord will run your credit and absolutely not rent to you if they see you owe money to another landlord.

    • @charq52
      @charq52 Před 4 měsíci +20

      Not in California…it’s now not legal to check credit reports OR check criminal records…it’s crazy.

    • @Chicago_jake
      @Chicago_jake Před 4 měsíci +1

      @@ometofu quick google search and I didn’t find any law that said landlords can’t pull credit

    • @cherylschumaker1366
      @cherylschumaker1366 Před 4 měsíci +9

      ​@@charq52who would vote for that in these dangerous times of high crime ??

    • @UsDiYoNa
      @UsDiYoNa Před 4 měsíci +26

      I only rent to to the elderly or those with spotless credit at this point. The entitled can be homeless, I truly don’t care for the well being of anyone demanding to use someone else’s property.

    • @UsDiYoNa
      @UsDiYoNa Před 4 měsíci

      @@cherylschumaker1366democrats, obviously. Lefties are the only people who demand to use other people’s property. Socialist and communists run the democrat party.

  • @fanartasmr9190
    @fanartasmr9190 Před 4 měsíci +17

    My partner & I moved to Vancouver for work from Ontario. We found a 450 square foot apartment in our budget three years ago, always paid on time and took care of the property. We still received an eviction notice this week for landlord use. Our landlord refused to renew a lease with their other tenants on their property for their ‘mother’ moving in - who never did. Now, we are facing the worst rental market in Canada. This market is unaffordable for a working couple without kids with post secondary education.

    • @zenforsythe8611
      @zenforsythe8611 Před 3 měsíci +3

      First, if a landlord hands you an eviction notice for "landlords use of property" you are owed one month free. Second, if the landlord failed to actually move their family in, you can get compensation.

    • @truenorthjess
      @truenorthjess Před 3 měsíci +4

      Definitely contact the residential tenancy branch, you could get a year's rent back.

  • @kickingfatality
    @kickingfatality Před 4 měsíci +8

    i had CLV Group here in Ontario try and bribe me out of my apartment and offered a laughable $2000 to move so they could renovate and get more rent then i am paying from a new tenant. $2000 doesn't come close to covering 1st and last for a 2 bedroom apt nor does it even adress the moving costs and all the other costs associated PLUS i'm paying easily hundreds a month more . Just so they can hose a new tenant. If a Landlord wants me out its $10,000 minimum. cover 1st and last, moving costs and extra for the extra rent I'm paying for the next 2 years. I'm done with these companies and Landlords treating residents like were have bottomless pits of money for their increases. It has to come to an end., Yes Landlord's need to make money, but holy sh** ..they have this impression people have just wads of cash available. We are just trying to keep the lights on and put food on the table.. and enough is enough. making profit is one thing. Bankrupting your tenants and treating us like 2nclass citizens is something else completely.

    • @JamieStLouis-tu9ml
      @JamieStLouis-tu9ml Před 4 měsíci +4

      I think you have a point. Too many people think we renters are entitled when really we just dont want to throw away the 10 grand it cost to move. If we had it in the first place,

  • @williamstephenson2550
    @williamstephenson2550 Před 4 měsíci +85

    This just means that less people will be mom and pop landlords, which means, the rent will eventually go up even more

    • @bonbonvegabon
      @bonbonvegabon Před 4 měsíci +3

      THE COSNERVATIVE WAY

    • @delia93010
      @delia93010 Před 4 měsíci +2

      keep voting liberals

    • @bonbonvegabon
      @bonbonvegabon Před 4 měsíci

      We will thx., Con govts are terrorists @@delia93010

    • @michael2275
      @michael2275 Před 4 měsíci +1

      @@bonbonvegabon There's a reason everyone is moving to Calgary. People want conservative gov't results but keep voting left ruining the nation...

    • @tarablue4472
      @tarablue4472 Před 2 měsíci +1

      Exactly. Who wants to be a small ownership landlord. I'm a renter and I side with the landlords here. This will only concentrate rental properties to corporations.

  • @heidi.a.thomson
    @heidi.a.thomson Před 5 měsíci +126

    Don't pretend that there is not a huge housing crisis. There is no housing to move to. Rents have tripled in tandem. Tenants are making these asks because they will lose the security they have and can't afford even more. They are most likely struggling to make ends meet as it is. Living expenses have gone up. They don't want to end up homeless. Tenants are hard working Citizens too and that rent goes back to the owner investor. Stop blaming tenants! This is the result of a housing crisis that was ignored for a very long time.

    • @Hyphessobrycon
      @Hyphessobrycon Před 5 měsíci +12

      not to mention the amount of BRAND NEW HOUSES that are built and are put on the market as a RENTAL and not as a sale. it’s absolutely insane and ludicrous.

    • @05350
      @05350 Před 5 měsíci +4

      The tenants should question the government who doesn’t have property regulations to control the crazy housing and rental market, instead of ransoming the landlords. That’s intolerable.

    • @mujkocka
      @mujkocka Před 5 měsíci +3

      Triple? Don’t lie. Show the proof. Home owners paid 50% more at least last year

    • @taurusteelpan
      @taurusteelpan Před 5 měsíci +6

      @@05350Guess who were the type of people voting against any regulations for housing, landlords themselves.
      Oh sweet irony. 😂😂😂

    • @johnransom1146
      @johnransom1146 Před 5 měsíci +20

      Nobody is blaming all tenants, just the ones that trash places and stop paying their rent

  • @kennbooty5416
    @kennbooty5416 Před 4 měsíci +3

    How did renters get the right to extort money from the owners of a property?

    • @Rrezz
      @Rrezz Před 4 měsíci

      You can't evict someone because you want to sell your property. So your forced to either bribe the tenant to leave or sell the property with the renter. The new owner of that property has to follow the renters lease until it expires. So if a renter has 4 years left on the lease the new owner has to let them stay for the remaining 4 years.
      As a result the number of people who would want to buy a property with someone already renting it are low because who wants to buy a house they can't use for 4 years. The only people would be investors looking for property to rent out which is a very small percentage.
      This means that a $800,000 house is probably only worth $500,000 because you can't move into it for 4 years and nobody is going to want to deal with that.
      Asking for 100k is a lot better than forcing the landlord to sell their property at a $200,000-$300,000 loss.

    • @gabe9671
      @gabe9671 Před 4 měsíci

      @@Rrezz Thats not true, if you buy a home and the home is purchased for the purpose of living in it, you can go to court to get the tenant out. The tenant has every right to put an offer on the home when the house was put on the market. We live in a free society where everyone can put an offer on a home unlike other countries.

  • @TamariaSue
    @TamariaSue Před 4 měsíci +25

    A tenant enters into a lease contract to pay monthly rent for a limited period of time. If they stay beyond the time, they are thieves. They should also be reported to the credit bureau.

    • @dixonhill1108
      @dixonhill1108 Před 4 měsíci +2

      I think the word is sent to jail and belongings seized until debts are paid.

    • @fedorpravov5372
      @fedorpravov5372 Před 4 měsíci

      These kind of tenants do not care about credit reports.

    • @mauricio2456
      @mauricio2456 Před 4 měsíci

      So if the landlord cuts the contract short, the tenant deserves compensation. As the contract has a time limit, no more but no less. And the troubles incurred by the tenant by the owner's change of practice should be paid, as the tenant has a reasonable expectation of his/her living situation being stabilized for, at least, the duration of the contract.

    • @maryg4082
      @maryg4082 Před 13 dny

      Sorry, this is untrue. A tenant has security of tenancy. After the first year, the contract goes month to month. It can be broken under a limited number of conditions. If you believe you have one of those conditions, file your N12 or N5, or whatever and go to the LTB . Yes, conditions and backlogs were horrible under COVID. The backlog for children's surgery at the local hospital was horrible for years after COVID. If the province had money to throw at something, I would rather they had thrown it at suffering children. Either way, the LTB backlog, like many aspects of COVID lockdowns, is largely resolved. Your file will be heard in about 4 months and, if you honestly are moving in as per the law, you will likely win and your tenant, although having done nothing wrong, will be evicted into the street. Feel better now?

  • @danielesbordone1871
    @danielesbordone1871 Před 4 měsíci +208

    Never put yourself in a position where if rent isn't paid , you risk losing your property.

    • @tonysopranosduck416
      @tonysopranosduck416 Před 4 měsíci +1

      That’s as ridiculous as “Never put yourself in a position where if your wages/salary isn’t paid you risk losing your home/car/livelihood “. You want free housing? Ask the government! Free food? Head to the food bank. Private enterprise is not welfare!
      This disgusting and delusional entitlement is what’s wrong with society. Absolutely no difference between your analogy and scammers overseas rationalizing stealing from Canadians because “they have more money than us over here in poverty riddled country of XYZ”. Pay your bills and quit stealing.

    • @AndrewGBernhardt
      @AndrewGBernhardt Před 4 měsíci +18

      That's what every landlord does. The rents are required to make it worthwhile.

    • @danielesbordone1871
      @danielesbordone1871 Před 4 měsíci +28

      @@AndrewGBernhardt , I get it , but if every month you're walking on a tightrope , maybe you shouldn't be in the business of renting out property. You have to be aware of the risks , crying when rent isn't paid is just plain useless.

    • @raindances3310
      @raindances3310 Před 4 měsíci +19

      ​@danielesbordone1871 When people were generally more respectful when using other people's stuff, the risk was much lower. If landlords stop renting then things will get way worse.

    • @alexneszmer
      @alexneszmer Před 4 měsíci +2

      Exactly

  • @kyungshim6483
    @kyungshim6483 Před 5 měsíci +69

    Canada is becoming a country I don't recognize anymore. Time to leave.

    • @yokiryuchan7655
      @yokiryuchan7655 Před 5 měsíci +1

      I hear you, I walked down the streets of Downtown Toronto, the other day, it felt very dystopian.
      Question is, where will you go?

    • @dopecat4012
      @dopecat4012 Před 5 měsíci +2

      @@yokiryuchan7655 anywhere but here.

    • @stevenchow408
      @stevenchow408 Před 5 měsíci

      ​@@yokiryuchan7655 winnipeg

    • @junkboxxxxxx
      @junkboxxxxxx Před 5 měsíci +11

      Ok bye let me have your apartment

    • @dopecat4012
      @dopecat4012 Před 5 měsíci

      @@Viewpoint11 In a few years there won't even be a door -- more like a turnstile. Enjoy.

  • @benfranklin1770
    @benfranklin1770 Před 4 měsíci +3

    Ontario is responsible for this mess. The province refuses to fix the LTB...

  • @DarkHorse-bp3xf
    @DarkHorse-bp3xf Před 4 měsíci +117

    I used to rent houses back in the 1980's in Toronto. We paid our rent every month on time. When owners wanted to sell, we were given the number of months' notice that was agreed upon in the rental agreement that we both signed. We looked for new accommodation and moved on the agreed-upon date. No fuss, no argument, no refusal to leave, no extortion - and this IS extortion we're talking about in this story. If people have an issue with crappy landlords or shitty tenants, it should not be taken out on ALL landlords and tenants. Bide by the signed agreements. Period.

    • @inikidaisy
      @inikidaisy Před 4 měsíci +9

      Agree.

    • @rivaridge7211
      @rivaridge7211 Před 4 měsíci +16

      I agree as well - just because one CAN do something ("cash for keys") doesn't mean they should. I have rented for decades and always paid my rent on time (as per the tenant/landlord agreement) and almost without exception the landlord/owner kept up their end of the bargain. I found the attitude of the renters advocate appalling - his "us against them stance" can only contribute to a broken and distrustful society. P.S. I realize, of course, that there are horror stories from both sides of this issue (owners/tenants) so I count my blessings.

    • @Rottimail
      @Rottimail Před 4 měsíci

      Are we talking about immigrants who are bringing their thinking from their former country into their new Country? Just saying.

    • @robinbraun3380
      @robinbraun3380 Před 4 měsíci +16

      The renters advocate is simply going to scare people into never renting to anyone! Short sighted and that attitude will for sure have unintended consequences of there being even less rentals.

    • @sangomoon5456
      @sangomoon5456 Před 4 měsíci +6

      Back in the 80s, even early 2000s finding another apartment was a lot easier, nowadays, finding an affordable apartment is almost impossible. (With the skyrocketing rents, low availability, and tenant competition.) If i lose the apartment im living in now, i would have to leave my city entirely because how unaffordable housing has become. Its just getting worse and worse every year unfortunately. Im not okay with ppl extorting though, i can just see both sides.

  • @akoww1000
    @akoww1000 Před 4 měsíci +132

    I live in Florida, if you sell a rental and someone wants to move into the place the person renting has 30 days to move out "with notice". If the renter refuses and has to be evited the renter can be held responsible for any money lost. My mother-in-law had to deal with a renter who refused to move out after she bought a place. It took 3 months to get a judge to evict the family and then they refuse to leave still. The police came in forced them out

    • @erikaarnold4780
      @erikaarnold4780 Před 4 měsíci +14

      Wow. I’m surprised the police did anything! In Las Vegas, they told us that it was a “civil matter” and they couldn’t touch it. Finally, we sent a guy there to talk to them, and they just left. After 3 weeks of Hell.🤷🏾‍♀️

    • @UnrealZii
      @UnrealZii Před 4 měsíci +10

      @@erikaarnold4780 Once you have a court order, it's no longer a "civil matter"

    • @Markham12thcentury
      @Markham12thcentury Před 4 měsíci +6

      No, you never recover the money. I'm in Florida and it cost me $1,500.00 to go through court. They found in my favor and I got zero. Nada. In fact, LINDA DOGGETT sent a letter to the evicted tenant, telling her my legal claim against her is due to expire. Basically, she was congratulating her efforts at avoiding paying me owed rent.

    • @kmo9790
      @kmo9790 Před 4 měsíci +11

      30 days is a ridiculously short amount of time for notice for something as messed up as selling the rental out from underneath the renter. Florida is a messed up place and your MiL sounds like a real piece of work.

    • @dtownssqwe
      @dtownssqwe Před 4 měsíci

      That is fine. everyone knows the rules of engagement before becoming a landlord or deciding to rent. The people who are upset today (landlords or tenants) were either not aware of the rules or chose to pretend that everything would be okay and the rules would never come back to haunt them. If they want to create new rules (like Florida) for new leases that is fine and apply the old rules to the old leases.

  • @MadAudi
    @MadAudi Před 4 měsíci +23

    I was a landlord once. Tenants are a menace. I’ll never rent out a property again.

    • @Mark-cq8bs
      @Mark-cq8bs Před 4 měsíci

      you can't evict easily if they do not pay ?

    • @gabe9671
      @gabe9671 Před 4 měsíci +2

      @@Mark-cq8bs not in ontario. and when they do finally leave, good luck getting your money back

  • @Supperconductor
    @Supperconductor Před 4 měsíci +15

    All this will do is take even more properties out of the rental market. Not smart.

    • @maryg4082
      @maryg4082 Před 13 dny

      Given that many renters cannot buy because they are routinely outbid by "mom and pop" landlords who can leverage their 4 or 5 properties to add to their residential business, it is no harm if the houses are not rented. The sell off will allow more renters to buy if the houses are bought by people to live in them , rather than by investors to rent out. Former renters buying houses to live in. When investors sell, the house still exists as a home for a family.

  • @jayceinfinitealgharhythmns9814
    @jayceinfinitealgharhythmns9814 Před 4 měsíci +160

    I used to want to be a real estate investor until I realized that it’s a really dirty business. This kind of behavior led to the rise of abandoned properties all over New York City in the 1970’s - 1990’s.

    • @donnyjay4269
      @donnyjay4269 Před 4 měsíci +26

      Yeah, cus when tenants decide to stop paying rent, the bank forecloses on the house. And the owner loses the property. Now no one gets the house smh

    • @hkiajtaqks5253
      @hkiajtaqks5253 Před 4 měsíci

      @@donnyjay4269 Perhaps also part of the socialist govt policies that go overboard in protecting tenant rights at the detriment of the owners.

    • @indianmilitary
      @indianmilitary Před 4 měsíci

      @@donnyjay4269 and it is only going to get worse due to impending currency reset. Governments want to limit the ownership of everything and blame it on everything from Covid to climate change before hyperinflation hits due to impending current reset or de-dollarization after 2025.

    • @nobody.of.importance
      @nobody.of.importance Před 4 měsíci +8

      The concept of "owning" land you're not currently using is just completely unacceptable in my view.

    • @donnyjay4269
      @donnyjay4269 Před 4 měsíci +12

      @@nobody.of.importance owning land is wrong to you? What if the land is legally acquired?

  • @alu780
    @alu780 Před 3 měsíci +8

    Jordie Dent needs to be criminally charged for counselling people into extortion.

  • @scrabbe1
    @scrabbe1 Před 4 měsíci +5

    The whole system is broken that lets both or either tenant and landlord defraud one another. This all comes back to government policy and accountability and thus incompetent greedy politicians. One of those policies: allowing foreigners to freely buy property to boost up property prices pricing locals out of the market. Lots of politicians have investment properties so it was all self-interest and still is - not to let property prices fall. However, there is a third party to this and that is the banks. Banks have lent too much money to uneducated investors knowing that interest rates would be increasing massively in order to catch up to a level of inflation control, thereby inevitably and intentionally causing future defaults. They have known for a few years that this would all blow up as it has, as they sit on top of their record profits.

  • @JohnDaniels
    @JohnDaniels Před 4 měsíci +106

    "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson

    • @DS-ld8ns
      @DS-ld8ns Před 4 měsíci +4

      See where the blame is though. People are the ones held responsible. That is where the power is. People have the power. People have the solution. Not government, not banks, not corporations.
      PEOPLE.
      Thomas Jefferson understood that People are responsible for their country, Their country isn't responsible for their people.
      IF people think the opposite is true, they are complacent.
      If they think the country is responsible for the people. Then they are just owned by the country.
      But a country is made by its people. You can not have a country with no people.

    • @InnuendoXP
      @InnuendoXP Před 4 měsíci +8

      @@DS-ld8ns but the 'people' are made up of investors into funds which are managed into divested portfolios which are then set to buy below certain thresholds & sell above others. Every person who makes up a component of this system is completely disempowered of any decision making, responsibility is divested so broadly that no individual can be held to account.
      This is why you 'cannot' treat systemic problems as something that can be solved by individuals. This is why you can't rely on the moral objections of individuals to keep corporations from doing the 'right' thing without legislation legally obligating them to do-so.

    • @corvus8638
      @corvus8638 Před 4 měsíci

      @@DS-ld8nsWrong

    • @linmal2242
      @linmal2242 Před 4 měsíci

      @@InnuendoXP Yes

    • @sstritmatter2158
      @sstritmatter2158 Před 4 měsíci +1

      that ought to be repeated often these days and not be obscure

  • @fredchase3068
    @fredchase3068 Před 13 dny +2

    So much laziness. So much fraud. So much letting others pay your way. WHAT THE HELL IS GOING ON?

  • @devinstetler3612
    @devinstetler3612 Před 4 měsíci +169

    Well these rental laws definitely don’t encourage anyone to rent out their property creating a further housing shortage for renters.

    • @amymason156
      @amymason156 Před 4 měsíci +4

      It's still a positive step, because encouraging landlords to hold onto their housing investments means renters aren't able to stop renting, which is what really needs to happen.

    • @greyowul
      @greyowul Před 4 měsíci +12

      Maybe if landlords let go of their investments, supply would increase and prices would go down, allowing renters to afford a mortgage.
      Great!

    • @randomrazr
      @randomrazr Před 4 měsíci +1

      cant. arenter be removed if they are on a month to month lease?

    • @jackieblue04
      @jackieblue04 Před 4 měsíci +10

      That's good, because housing is a human right, not a business. Hoarding houses shouldn't be a thing.

    • @parkerbohnn
      @parkerbohnn Před 4 měsíci

      All the good renters are taken. My brother rents and he's worth more than 100 million dollars.

  • @jjones0822
    @jjones0822 Před 4 měsíci +19

    "If a tenant knows their rights", they hate that.

  • @bunnychowmuncher
    @bunnychowmuncher Před 4 měsíci +3

    I could never do that to a Landlord. Its unethical and brings bad karma to yourself.

  • @Prairieshutterbug64
    @Prairieshutterbug64 Před 5 měsíci +108

    In other words don't be a small time landlord in Ontario.

    • @tommygravel5653
      @tommygravel5653 Před 5 měsíci +12

      Just listen that guy .. he is entitled 😂😂😂.. why work just because you feel you've work too hard already.

    • @checory
      @checory Před 5 měsíci +11

      Many small mom and pop investors are selling because of the slow and biased Residential Tenancy Board in BC as well. People still can't see the correlation between entitlement of tenants, lower rental supply, and increased rental cost come hand in hand when the system discriminate against rental operators

    • @levicabahug5482
      @levicabahug5482 Před 5 měsíci +2

      is this only in Ontario? seems like people are getting evicted in Alberta...

    • @cheesegorelove
      @cheesegorelove Před 5 měsíci +7

      @@checory Part of the problem is the lack of purpose built rental buildings and zoning laws that limit a lot of land to strictly single-detached homes. Plus, owning a rental property is like owning any business, there are costs and risks involved, and most mom and pop investors should have put their money in index funds, ETFs, and other stocks, bonds, and term deposits.

    • @justacoolguy1
      @justacoolguy1 Před 5 měsíci +10

      @@checory they're selling? Good, rental estate isn't an investment.

  • @Crashman5288
    @Crashman5288 Před 4 měsíci +24

    Makes one think twice about ever having a rental property

    • @nobody.of.importance
      @nobody.of.importance Před 4 měsíci +4

      GOOD.

    • @L1V2P9
      @L1V2P9 Před 4 měsíci +5

      Don't. There are easier, less risky ways to make money. I rented out a condominium unit I owned. The woman renting was a deadbeat and owed me 6 months rent until I finally got her to leave. My father-in-law rented a house to a guy, and after five years tried to raise his rent 5 %. The tenant took a chain saw to the place. I'm convinced that buying farmland and leasing it to a neighborhood farmer is a better investment.

    • @Tom-yo7zf
      @Tom-yo7zf Před 4 měsíci +3

      ​@@nobody.of.importanceit just discourages people from becoming landlords, which means fewer available rentals and higher prices.

    • @danniemoore97
      @danniemoore97 Před 4 měsíci +1

      @@Tom-yo7zf That's only if those units sit empty, if a family buys it to live in it wouldn't.

    • @gabe9671
      @gabe9671 Před 4 měsíci

      @@nobody.of.importance hahaha your hurting yourself you know that. How is that "good": for tenants?? Old Chinese lady on my block owned 3 homes, all 3 had 4 units in each home, for a total of 12 couples. The "investment" was sold as she was in her late 70's and her kids didn't want to be landlords (kids now rather take the money then the headaches of being a landlord) So everyone was evicted and all 3 homes were sold to rich people that renovated and turned the homes back to single family homes with no apartments in any of them. So it went from 12 couples living in 3 homes to 3 rich couples living in 3 homes, with a deficit of 9 couples thrown into the rental market. How is that "Good"?? having 9 more couples fighting the housing crisis? and 9 less units on the market?

  • @jasminerachpaul4299
    @jasminerachpaul4299 Před 2 měsíci +2

    These tenants are absolutely taking advantage of the system, the government is to be blame for this...all landlord should have more rights.

  • @Qwahchees
    @Qwahchees Před 4 měsíci +3

    "Investment property", those two words strung together garner zero sympathy from me.

    • @gabe9671
      @gabe9671 Před 4 měsíci +1

      Absolutely! I bought a "Investment property" there were four units. I evicted everyone I told them that "investment properties" are not part of the society I want to live in. I told them all that I hope they all buy a home soon and put them out. I turned the home back to a one family home as it should be. No landlords just home owners.

  • @trudyedgecomb1045
    @trudyedgecomb1045 Před 4 měsíci +25

    Exploiting others, whether it be the landlord or tenant, is simply wrong. Real estate in Canada is becoming such a nightmare for people on so many levels but it's indicative on how damaged our society can be or has become for a lot of people. I think if everyone made a concerted effort to operate with integrity and respect we would see our situations improve. I'm not holding my breath though, especially when our government is probably the most corrupt with the least amount of integrity and respect for its citizens.

  • @LOSTOMACO
    @LOSTOMACO Před 4 měsíci +143

    more and more landlords who can afford it are not renting their properties just to avoid problems. Too bad for the honest renters.

    • @zachweyrauch2988
      @zachweyrauch2988 Před 4 měsíci +2

      Yup I personally know of more than a few local properties languishing from disuse and neglect.
      If we sort out the housing crisis before they go back on the market thats how they will stay.

    • @skaldlouiscyphre2453
      @skaldlouiscyphre2453 Před 4 měsíci +14

      The correct term is landleech.

    • @checory
      @checory Před 4 měsíci +17

      Definitely better to have it empty then being extorted while the government mandate all these rules against landlords

    • @alexneszmer
      @alexneszmer Před 4 měsíci +17

      Unfortunately being an honest renter does not protect you from unscrupulous landlords either.

    • @OviWanKeno9i
      @OviWanKeno9i Před 4 měsíci +3

      The issue is that this pushes out average/mid income people that save and invest a bit from being landlords and caring for the property and tenants, and encourages big corps and wealthy people to invest in real estate instead. The trend is to invest right when or after times are tough. Those landlords have enough money and lawyers to make life hell right away for tenants doing sketchy stuff, maybe even find them and sue them after.
      So in the end everyone loses except for the super wealthy parties.
      The landlords that have 1 property and the ones that have 20-200-2000 will not deal with the tenants in the same way. Litigation is prompt, precise, and hardball instead. They know the laws, rights, and have real estate lawyers on retainer, if not as a department. That's where we're heading now.

  • @jeciel85
    @jeciel85 Před 4 měsíci +2

    The guy is wrong to say that tenants can ask for six figures. What a dunce.

    • @YumikoFang
      @YumikoFang Před 4 měsíci

      Nah

    • @gabe9671
      @gabe9671 Před 4 měsíci +2

      @@YumikoFang lol really? You traumatize that landlord he’s never going to rent his place ever again to the the next person that needs a place to live… awww eff the next tenant haha

  • @shobyvinci
    @shobyvinci Před 4 měsíci +19

    That tenant advocate dude is wrong on so many levels, its laughable how such people live in a society.

    • @spencergough81
      @spencergough81 Před 4 měsíci +5

      Hes insane

    • @yiranimal
      @yiranimal Před 4 měsíci +3

      I think buying up housing during a housing crisis and then jacking up the rent is an a#$hole thing to do. And that's been happening more and more. Landlords use the proceeds of lower income folks to enrich themselves. Owning a house is probably the most important thing to do in order to enter the middle class, and this is becoming very difficult for working class people. The government needs to make it more difficult to profit off of being a landlord.

    • @noname-tf7kq
      @noname-tf7kq Před 4 měsíci +1

      Socialist ideology. Those who have should provide to the have nots exclusively. This is what upwards of 50% income tax is already supporting.
      Besides tenants can at least move if things change, landlords are helpless.
      For anyone interested there is a show in the UK on BBC about nightmare landlords and tenants, it's heartbreaking to see landlords lose their lives to "professional renters".

    • @gabe9671
      @gabe9671 Před 4 měsíci

      @@yiranimal I could only speak for Toronto, but I'm not sure how these people are "enriching themselves" as you say. If your buying a home today, lets say a dump of a house, in Toronto, your looking at 2 million minimum and you have 3 units in there. Lets say you've done really well at your job or inherited some cash and can put down 750,000. You owe the bank 1.250 Million at 3.5% even if your charging 3,000 a month (I doubt all 3 units would get you that) at 9,000 your not covering the mortgage so forget about the property tax, heat, electricity, insurance, water, garbage. Sure 25 years or 30 years from now you'll be making cash, that's if your even still alive.

    • @yiranimal
      @yiranimal Před 4 měsíci +1

      @@gabe9671 So they're not trying to enrich themselves? I guess they're buying and renting to help out people that just can't afford to buy housing for themselves. And the rent paid does not pay off the mortgages for the properties landlords will eventually go on to sell for millions?

  • @TheVideoGameHub12
    @TheVideoGameHub12 Před 4 měsíci +69

    Never thought I'd feel for a landlord. That poor lady w her kid, and the scumbag who didn't pay rent, then subleased out a property that wasn't even his.

    • @CalifornianOnEEurope
      @CalifornianOnEEurope Před 4 měsíci +13

      Renter was a woman. They leverage kids and all other tricks unlike no man

    • @kathrynj.hernandez8425
      @kathrynj.hernandez8425 Před 4 měsíci +4

      @@somewherestuckinl.a.3239 Everybody knows why you became a landlord: EZ money, not much effort. Karma's a B___ch!! HA!

    • @Zero11_ss
      @Zero11_ss Před 4 měsíci +13

      @@kathrynj.hernandez8425 If its so easy why aren't you doing it

    • @Kelvin_Ess
      @Kelvin_Ess Před 4 měsíci

      Thank you ​@@Zero11_ss

    • @j10001
      @j10001 Před 4 měsíci +2

      @@kathrynj.hernandez8425 if it’s so easy, why don’t you just buy a house of your own?

  • @maryclaremayo6157
    @maryclaremayo6157 Před 5 měsíci +58

    @3:36 "Well if you have a tenant who knows their rights and who knows that they don't have to leave because they have the right to remain in the unit until a hearing is held."
    As opposed to having a tenant who doesn't know their rights and can be urged, manipulated, intimidated, coerced to leave.

    • @thimblemunch24
      @thimblemunch24 Před 5 měsíci +6

      Yea you also have a right to a speedy trial in Canada but I don't see no tenants talking about that now do you? Wonder why...

    • @Kash568
      @Kash568 Před 4 měsíci +2

      Nope this is incomplete story. Tenant can exercise their right and wait till hearing then landlord can upload that ruling on public domain which is accessible to everyone. Good luck finding another rental. If tenant chose not to pay rent then landlord can report to credit and good luck getting any loan in future.

    • @alkeshkbarot
      @alkeshkbarot Před 4 měsíci +1

      How do you report to credit for tenants who doesn't pay rent

    • @oddsends6048
      @oddsends6048 Před 4 měsíci +1

      @@Kash568 Excellent comment

    • @gabe9671
      @gabe9671 Před 4 měsíci

      And I am sure they are paying rent to cover the heat, electricity, and property taxes that they are using lol

  • @gretaaterg8374
    @gretaaterg8374 Před 3 měsíci +3

    I've always been a month to month renter, I balk at the sign of a lease. My last landlord wanted to tear down the house, build a new one and move in. He gave me 3 months free rent, let me leave whatever I didn't want behind and 500$ cash (my rent was 700). We didn't bargain, I thought that was fair so I accepted. I live in BC and this was 4 yrs ago. People have changed.

  • @buwburbhbjeqbb6790
    @buwburbhbjeqbb6790 Před 4 měsíci +2

    Solution is simple. Don't go to courts. Make sure to mention terms in rental agreement about how many rents a tenant is allowed to miss. After missing those amount of rents, landlord can reclaim property by force or with help from cops considering tenant as illegal property occupier. Being nice doesn't work here. Keep no nonsense attitude.

  • @mustbeaweful2504
    @mustbeaweful2504 Před 5 měsíci +276

    I definitely get a sense out of this piece that everyone who is not a landlord hates landlords. Clearly, tenants feel very much taken advantage of, and they’re willing to give them a taste of their own medicine, without nuance. I imagine things are going to get a lot worse.

    • @desMachina
      @desMachina Před 5 měsíci +25

      I love my landlord. She is a dear old friend. I'm lucky.

    • @user-lt9pq9fr5z
      @user-lt9pq9fr5z Před 5 měsíci +61

      I own my home, and yeah, I don't feel bad for these landlords. Investments have risk, they didn't have to make buying extra homes their business When we were in condo/strata it was usually cheapskate landlords that not only never wanted to volunteer for council/board but also wanted to vote against any expenditures and don't care about living conditions of residents, either their tenants or owners who occupied these units as their homes. Houses you can usually pick out which homes were used as a rental for years based on the lack of exterior maintenance.

    • @capitalgains2216
      @capitalgains2216 Před 5 měsíci +1

      @@user-lt9pq9fr5zhow about professional Tenent’s going from one house to the next pulling off these schemes to get free rent? Defrauding system. Tenents are getting clever.
      Landlord now buying doing short term rentals or midterm rental under 6 months and renewal every 6 months. Long term of 12 months has rights. Mid term can be evicted immediately as trespassing 🙂

    • @05350
      @05350 Před 5 měsíci

      Nobody forced tenants to rent from landlords. Why landlords have to pay the ransom to get their house back. Can’t believe the Communism is ruling Canada now.

    • @sparingharbor2600
      @sparingharbor2600 Před 5 měsíci +32

      @@user-lt9pq9fr5zpeople have places to rent because people buy homes to rent out. Supply vs demand. But at the end of the day it is a service with landlord taking more risk. The risk a renter takes on is rent prices changing and not having any rights to the property. You can’t just take away responsibility or the pros and cons for being a renter and just blame the landlords. Just like some landlords don’t maintain their properties some renters destroy the places they stay at or destroy it before leaving. It’s not just an evil landlord thing… some people r just shitty

  • @REdds-ws4ll
    @REdds-ws4ll Před 5 měsíci +147

    4 years ago, I lived in my unit for nearly 9 years. I had wonderful landlords. The longest dwelling tenant in our building was 22 years; shortest, 4 years and others, were roughly 8-15 years. Our landlords were elderly. Sadly, the husband passed and the wife was pressured by the children to sell. She sold to a consortium; and within weeks of the sale to the consortium, all tenants received a letter advising us that the building was in need of major repairs and all tenants had 3 months to leave and the company would compensate each tenant with 3 months rent and moving cost.
    Sure our building was not new, but our our landlords were decent, and maintained it relatively well. Long story short; the consortium had no renovations done to the exterior or the general structure of the building. All they did was knock out the bath and kitchen; and 6 months after, units were rented out at huge mark up.

    • @carylhalfwassen8555
      @carylhalfwassen8555 Před 4 měsíci +27

      Knocking out bathrooms and kitchens are not major renovations to you?

    • @andreiturcan9721
      @andreiturcan9721 Před 4 měsíci +16

      It's called business. Welcome to capitalism and inflation. To save your money from inflation one of the good ways is to invest in real estate. And that's what some people do. At the end, selling the rental property gives you enough money for retirement, because counting on the pension from the government, what is, $2200 a month at the maximum, and taxed, you'll be starving, after working for 40 years of your life.
      On top of that, you can't even pass your paid off residence to your kids, the government will charge them taxes on income. And at the same time so many immigrants come into the country, which need a place to live..
      That's why there's a big demand in real estate, which drives the prices up, which is not normal. To pay 25-30 years for a house made of plywood, built in three months, that's BS.

    • @Crackrocksteady
      @Crackrocksteady Před 4 měsíci +5

      ​@carylhalfwassen8555 those aren't major renos lmfao shes probably talking aboit cabinet removal tile replacement which can be done in less then a week

    • @RebuttalRecords
      @RebuttalRecords Před 4 měsíci +6

      @@carylhalfwassen8555Not if you double or triple the rent afterward.

    • @RebuttalRecords
      @RebuttalRecords Před 4 měsíci +11

      That's a renoviction.

  • @raymondgagne8363
    @raymondgagne8363 Před 2 měsíci +2

    If tenants are not happy and feel being taken advantage of, they can buy their own home

  • @daddyw1719
    @daddyw1719 Před 2 měsíci +2

    The nerve of that guy telling boomers who are losing their life's work to just "suck it up". Really? I watched my mother and a few of her friends who already lost their houses over house squatters. This is just insane.

    • @gabe9671
      @gabe9671 Před 2 měsíci

      his empathy is not for humans who have worked and saved.

  • @cherylsabol387
    @cherylsabol387 Před 4 měsíci +118

    Notice how this doesn't happen to the rich... It's only happening to people that are trying to make a little extra money.

    • @keikairin2038
      @keikairin2038 Před 4 měsíci +16

      Oh I'm sure it happens to the rich too, but they don't really notice. They pay to deal with the problem in another way.

    • @siriusfun
      @siriusfun Před 4 měsíci +18

      Overextending one's self to get further up the property ladder apparently comes with risk.

    • @DirtyLifeLove
      @DirtyLifeLove Před 4 měsíci +6

      It does, they just can absorb it better then ones with one or 2 extra properties

    • @chuzzbot
      @chuzzbot Před 4 měsíci

      Still getting poorer to pay their mortgage, they keep the property while those who pay for it get kicked out without these laws.
      They can just sell!
      Can't rob the poor and treat them like garbage... boohoo.

    • @zerospace101
      @zerospace101 Před 4 měsíci +1

      That is because they are rich...that surprise you? That people with a whole lot of money do not have the same issues as people not making a lot of money?

  • @TheAshdan81
    @TheAshdan81 Před 5 měsíci +104

    This hurts both parties because who want to rent their place? And tenants can’t find a place? So no one wins…

    • @talyahr3302
      @talyahr3302 Před 4 měsíci +2

      Exactly. The tenants don't want to leave because they don't know if that'll essentially mean they'll be homeless. When the damn breaks and all of these people are kicked out, they'll meet the housing crisis and will struggle to find a place to go. I hope some of them can go to less populated areas that have vacancies. But many people need to live in the same city because that's where they work. The government should offer benefits to employers that transition office jobs to work from home so that more people can at least have options of where they can go.

    • @ronniebots9225
      @ronniebots9225 Před 4 měsíci +2

      @@talyahr3302exactly this. Not paying rent should be a reason to kick a tennant via the courts.
      But just wanting to sell a home that has a tennant in it should not be reason enough to break a lease. With the growing housing crisis, that could mean the tennnant might not find propper housing or any housing in time and risk becomming homeless just because the place he was renting got sold and got kicked out.
      Thankfully i live in a country where just selling a house is not reason for breaking a lease and selling a house with tennant is a different process than regular housing market.
      Or also what is shortly adressed in this vid. What if a landlord kicks a person out due to "intent to sell" and then never sell or put it on the market for an inpossible price just to turn around and take on a new tennant for a higher lease because the current tennant got a lease when the housing crisis wasnt as bad or the neighbourhood was worse.

    • @bonbonvegabon
      @bonbonvegabon Před 4 měsíci +2

      FORD HAS DESTROYED THIS PROVINCE

    • @vaska1999
      @vaska1999 Před 4 měsíci +1

      ​@@talyahr3302 They're making things worse for themselves because they will eventually have to leave/be evicted, only to re-enter a market that's had to respond to such tenant behaviour in ways that will make their lives far more difficult than it is now.

    • @Shirleygirley
      @Shirleygirley Před 4 měsíci +2

      @@talyahr3302 The blame lies with our government. They knew this would happen I believe. Our daughter had to move almost an hour away from us to find a place she could afford too. It's awful what's going on. The wages and the rents aren't in balance. How are people supposed to live? There used to be hope in our country for a better future. I'm not seeing it anymore for our young ones. I'm seeing poverty. Our government has been incompetent in my opinion.

  • @DriveLapseCA
    @DriveLapseCA Před 4 měsíci +10

    first the property taxes, now the greedy tenants and top it up with record interest rates. majority of the landlords are not rich. we just have an extra apartment that we saved up and worked hard for. Rediculous.

    • @corvus8638
      @corvus8638 Před 4 měsíci +3

      You shouldn’t be trying to profit off a necessity. Serves you right

    • @DriveLapseCA
      @DriveLapseCA Před 4 měsíci +9

      @@corvus8638 well that attitude is not gonna help. i stopped renting and my son lives in the small apartment. other landlords are doing the same. now renters will have no place to rent and that is not our concern. good luck finding housing.

    • @gabe9671
      @gabe9671 Před 4 měsíci +3

      @@corvus8638 "Profiting off necessity"??? (1 million owing at 3.2% is profting? hahaha don't drink the kool Aid the guy is serving in this video) Serves you right"?? Ok cool, the tenant got out and I am NEVER renting to anyone ever again (personally contributing the housing crisis by taking another unit offline) How does that serve you?? People who own homes are not actually obligated to rent. Good luck finding housing.

  • @jeanniep8816
    @jeanniep8816 Před 2 měsíci +2

    The small landlord will disappear therefore less homes to rent…

  • @DayleDiamond
    @DayleDiamond Před 5 měsíci +52

    Landlords: Act according to their economic self-interest.
    Tenants: Act according to their economic self-interest.
    Landlords:

    • @henrysilkysmooth
      @henrysilkysmooth Před 5 měsíci +2

      Totally

    • @Sarahyangtoronto
      @Sarahyangtoronto Před 5 měsíci +17

      Asking money to leave is not just acting on their interest, it's blackmailing. Plus they are a lot more than what they have paid. They are worse than freeloaders.

    • @andrewpark7242
      @andrewpark7242 Před 5 měsíci +1

      @@Sarahyangtoronto The landlords can wait the year till they get kicked out by the Sheriff which is the alternative.

    • @googleforcedmetocreateacha6273
      @googleforcedmetocreateacha6273 Před 5 měsíci

      Follow the rules then. Asking someone to leave after they have been paying rent on time is also blackmailing especially when you re-rent for a higher price.
      @@Sarahyangtoronto

    • @jahbless1
      @jahbless1 Před 5 měsíci +2

      Not paying rent is another level

  • @lucibelle
    @lucibelle Před 5 měsíci +11

    Funny how this doesn’t make any mention of the renovictions trend of landlords over the past few years to force tenants out so they can become an airbnb. Where’s the file cabinet for those? STRs have been a huge contributor to the housing crisis, because each LTR converted into an STR means additional competition to find housing and less housing that can actually be lived in. This is on top of the issue of foreign investors buying housing and letting it just sit empty. We don’t have a supply crisis, we have a useable supply crisis.

  • @clearskycam
    @clearskycam Před 4 měsíci +4

    "It's unfathomable that people couldn't just pick up their lives and leave at my whim" lmao

  • @JaneSmith-vp9kb
    @JaneSmith-vp9kb Před měsícem +1

    Can’t believe the so-called tenant’s “advocate” (Jordie Dent) thinks extortion is ok. He has no logic, no scruples, and doesn’t understand the law. I’d be embarrassed. Shame.

  • @johnlennon8653
    @johnlennon8653 Před 4 měsíci +77

    I have to admit that my landlady for 14 years was very good to me and my daughter. When she put the house up for sale,i was offered it but my bank only allowed me X amount for a mortgage. I bought a home for $105,000 3 years ago. My 14 years of renting ended with a monthly cost of $650 a month, slightly more than I'm paying now for my house.

    • @c.s.4845
      @c.s.4845 Před 4 měsíci +17

      Congratulations on your purchase and great story. You obvoiusly do not live in a major city where the average is now $1000 a bedroom.

    • @eastpark4864
      @eastpark4864 Před 4 měsíci +1

      If you bought it 14 years ago for $30,000, your payments would be $160 / Month and you will have $70,000 equity in your home.

    • @CarbonatedTurtle
      @CarbonatedTurtle Před 4 měsíci +5

      @@c.s.4845 Ha! In Toronto you're incredibly lucky if you can even get a 1 bedroom basement apartment 30 minutes from downtown for under $2000. If you can, you better believe it'll be run down and full of cockroaches or bedbugs.

    • @ZoomZoomMX3
      @ZoomZoomMX3 Před 4 měsíci +3

      My 3 bedroom townhouse in Ottawa west end was competitive 13 years ago at $1200/ month now they want $2000/ month for the same and the landlord doesn't do repairs or take forever and get the cheapest worst rate

    • @rebelsnappingturtle5097
      @rebelsnappingturtle5097 Před 4 měsíci +4

      Rents were reasonable 15 years ago. Based on salaries and house prices. When house prices tripled and salaries clearly couldn't a problem arose and it's caused a list of tension today. Obviously but That's today

  • @jorgecanizares9877
    @jorgecanizares9877 Před 4 měsíci +83

    This has been going on in New York City since the late 70's. People are being payed tens of thousands of dollars to move out. My grandmother was paid $25,000. to move. The rent for the apartment went up from $118. a month to $900. a month. Today, that same apartment is $4000. a month

    • @samidan91
      @samidan91 Před 4 měsíci +2

      Donald trump probably bought that building

    • @user-pw2yg9ks1q
      @user-pw2yg9ks1q Před 4 měsíci +15

      If you don't like it buy your own house.

    • @annhans3535
      @annhans3535 Před 4 měsíci +8

      We have a house on our block that they have been trying to sell for over 15 years. No one wants to buy it. There is a family that took up 4 units. The husband and wife has one. Her sister has one. Her daughter has one. The husband's sister has one. They pay about 450 per unit and refuse to move out. Now they are demanding 250k per unit to move out. No one wants to take on that building. Eventually they are going to take the building the guy owning it is old.

    • @user-pw2yg9ks1q
      @user-pw2yg9ks1q Před 4 měsíci +12

      @@annhans3535 It's a shame that you can't take the law in your own hands and get those people out.

    • @ometofu
      @ometofu Před 4 měsíci

      @@annhans3535hire someone to build something illegal. dOB come in and they have to demolish the building.

  • @51249ca
    @51249ca Před 4 měsíci +3

    because Landlords will say they are gong to sell the place, then kick you out, and in the end put their family in there. Unscrupulous

  • @angus9021
    @angus9021 Před 4 měsíci +12

    Funny how landlords didn't mind key money when they were extorting tenants who were desperate to put a roof over their heads.

  • @smileysmileking
    @smileysmileking Před 4 měsíci +12

    "Not paying rent, get out of the home" should be the law.

    • @eattherich9215
      @eattherich9215 Před 4 měsíci +3

      It is the law. If a tenant stops paying, they are in breach of the agreement and the landlord can seek an eviction order.

    • @muchmuschik444
      @muchmuschik444 Před 4 měsíci

      when the price of rent is so high so are the stakes of reasonable resolutions

  • @Britishdave09
    @Britishdave09 Před 4 měsíci +27

    Back in the 80's, I knew a few bikers in Toronto who for $1,500 from a landlord (Adjusted for inflation, around $6,000 today) would go over and have a short chat with tenants that weren't paying their rent. If tenants didn't get out within a week, they went back and broke bones. Their eviction success rate was 100%. That's a justice system that works.

    • @tanbir11
      @tanbir11 Před 4 měsíci +5

      that is exactly how the mafia started, when the rule government failed to uphold a fair system, people saw a need and Mafia was a solution.

    • @parkerbohnn
      @parkerbohnn Před 4 měsíci +5

      A had friends who did that for a living. His specialty was breaking kneecaps from the back.

    • @chrispamplin1550
      @chrispamplin1550 Před 4 měsíci +1

      This is idiotic. why bikers? Bikers dont get involved in BS like this, why would they? 1500$ is nothing when you compare it to spending years in prison for home invasion and assault causing bodily harm? I call your story BS.

    • @karleykathleen4945
      @karleykathleen4945 Před 2 měsíci

      The behaviour that you are glorifying is illegal and honestly just trashy.

  • @avatar9962
    @avatar9962 Před 4 měsíci +1

    2nd houses should not be available until everybody has a first house. Full stop.

  • @mysticpharaoh2982
    @mysticpharaoh2982 Před 4 měsíci +11

    I can't believe this is legal. It's crazy and disgusting.

    • @AnitaSridhar
      @AnitaSridhar Před 2 měsíci

      Yes it is .its open crime pretty much.

  • @Puzekat2
    @Puzekat2 Před 4 měsíci +73

    House speculation was ridiculous and only the small landlords suffer, while large corporations have the legal power to resolve quickly

  • @marbanak
    @marbanak Před 4 měsíci +23

    A system, which rewards unethical behavior on both sides, is doomed to implode. Something bad is coming down.

  • @preciouskalia5109
    @preciouskalia5109 Před 3 měsíci +4

    that Tenant advocate is delusional as F. trying to make $$ on peoples misery !

    • @jwally1434
      @jwally1434 Před 3 měsíci +1

      Tenants are using their rights. Landlords are dealing with the risks of investment, boohoo for them.

    • @preciouskalia5109
      @preciouskalia5109 Před 3 měsíci +2

      risks from investments are defined as losses incurred due to policies or market changes not “extortion” !!

    • @gabe9671
      @gabe9671 Před 3 měsíci +1

      @@jwally1434 You think that after ripping off a landlord, they're going to put up that apartment up for rent again? hahaha no they are not. Tenants are hurting themselves and hurting future tenants in order to hurt landlords. So my buddy had a unit in his basement, it's now where he stores his christmas decorations, I use my basement unit to store some old furniture instead of having someone live there. That's the part the tenant advocate doesn't mention, just because you once had a unit for rent in your home, doesn't mean you are obligated to keep it online, it can once again be part of your home without paying a vacant home tax. You're not obligated to rent out part of your home, .....remind me again, who is getting screwed?

    • @jwally1434
      @jwally1434 Před 3 měsíci

      @@gabe9671 I don't care what people do with their property, but if you decide to take the risk of investing in a property for the purpose of renting it out, don't go crying to anyone when things go wrong. Tenants are going to do everything in their power to get the best deal possible for themselves, just like landlords. If tenants using their rights fucks over a landlords investment, boohoo.

    • @gabe9671
      @gabe9671 Před 3 měsíci

      @@jwally1434 You don't care what people do with their property? Only a landlord would say that, you are either a landlord or a shortsighted tenant. So why don't you care, cause you have a home, that's why. So you are saying that you are taking a risk if you bring someone in your home. Extortion, is not a market risk, its breaking the law, you can't legally extort people. But your comment is EXACTLY why the housing crisis is as big as it is. Cause you are saying, if I come into your home, I may rip you off, so why would anyone rent to you?

  • @wealthsolutionz
    @wealthsolutionz Před 4 měsíci +1

    The tenant advocate they had on is professionally and morally irresponsible. He said it's fine that the tenants should be holding landlords hostage.

  • @pmoney070783
    @pmoney070783 Před 5 měsíci +166

    The problem is that the current policy allows for so much pain for both tenants and landlords. The policy makers (aka the government) are setting back and ensuring the battle stays amongst people. If people wake up and realize the main issues stem from the utter failure and neglect of policy makers in regards to housing , I can guarantee the problems facing both tenants and landlords will be solved very soon.

    • @concernedcitizen3476
      @concernedcitizen3476 Před 5 měsíci +2

      so the shortage has nothing to do with people investing in short term AirB&B ?

    • @johnransom1146
      @johnransom1146 Před 5 měsíci

      And being incentivized to do so by bad tenants @@concernedcitizen3476

    • @XetaXones
      @XetaXones Před 5 měsíci

      @@concernedcitizen3476thats a policy issue enabling these problems

    • @MikeyPaper
      @MikeyPaper Před 5 měsíci +16

      The problems LANDLORDS face are outrageous. Not tenants. You get 1 bad tenant in your rental property - it can be HELL to evict them. Thats why you see a rise in short term airbnbs. Long term rentals are not worth the headache

    • @imneverwrong5600
      @imneverwrong5600 Před 5 měsíci

      @@MikeyPaper to think that you must live a very privileged life, and you believe this propaganda. 99% of people do not abuse the laws, do u know why there's so many cases of money for keys? cuz the rents have been increasing at an insane rate in the last couple of years and there's rent control on the majority of properties so they can't raise the rent, so they use excuses, lie and slander to get them out and rent it to new people at the market price which can be more than the double price the current renters are paying.
      and you might think 20.000$ sounds like a lot for a money for key and while it is, that might be the money they would be losing in a year by moving out cuz the prices increased that much.

  • @test40323
    @test40323 Před 5 měsíci +23

    This is terrible. Potential landlords will weigh the risk of delinquent tenants and withhold units from the market. This will only exacerbate the rental crisis.

    • @danniemoore97
      @danniemoore97 Před 4 měsíci

      That's why we will put vacancy taxes in. In Canada we have more empty homes than homeless and our lack of supply is caused by policy issues.

  • @martindubreuil6289
    @martindubreuil6289 Před 4 měsíci +7

    Cash for keys are you kidding me change the lock😡

  • @The2012Aceman
    @The2012Aceman Před 4 měsíci +2

    "Let's increase the demands we put on mom-and-pop landlords so that they stop doing it, and so that our only options for housing are corporate or government."

    • @gabe9671
      @gabe9671 Před 4 měsíci +1

      That is exactly what has happened, I am one of them. In downtown Toronto, back in the day, Portuguese, Itallians Greeks all had tenants in the basement, and that made a huge difference when it came to "supply". The sons and daughters of those immigrants have sold and through gentrification these now renovated homes no longer include an apartment in the basement, with so many nightmare scenarios on the news, including this, why would anyone want to be a landlord? The guy in this video, who speaks on behalf of tenants, he, and people like him are the worst thing for the housing crisis. Who in the world is going to want to rent out space in their home after hearing this guy speak. #1 he has no clue what he is talking about, he is so about himself that he has actually not done any research into what is going on in the market, he is 100% clueless #2 he is just hateful. Who would open their doors to him?

  • @trudyfong2826
    @trudyfong2826 Před 5 měsíci +50

    I once was a landlord. Never again. It’s a nightmare.

    • @WizardHarry69
      @WizardHarry69 Před 4 měsíci +14

      You got a real job?

    • @francesbernard2445
      @francesbernard2445 Před 4 měsíci +3

      A landlord or having mortgage(s) in your own name?

    • @checory
      @checory Před 4 měsíci +1

      Yup, the rules are too screwed up

    • @mazedar_tv
      @mazedar_tv Před 4 měsíci +5

      Canada needs more permanent rental properties. Government is responsible for this mess

    • @Polski_Kabaret
      @Polski_Kabaret Před 4 měsíci

      😂

  • @sherimatukonis6016
    @sherimatukonis6016 Před 4 měsíci +29

    I live in a partially finished detached mother in law apartment above my garage and was renting out the house itself. I didn't need that much room after the kids moved out and thought I'd help someone get a reasonably priced place to live. I only priced rent at about 3/4 of the estimated rental price for the house, living pay check to paycheck myself. All I got for my troubles was taken advantage of financially and a demolished house. and that was BEFORE these tenant protection laws. I stopped renting the house out after the last tenant left. I will never retire now.

    • @Chicago_jake
      @Chicago_jake Před 4 měsíci +3

      Curious about your vetting process. Credit checks, bank statements, reference checks, income verification. All of these were required in the last place I rented, it was an upscale apartment community.

    • @typeorulz
      @typeorulz Před 4 měsíci +2

      I am so sorry to hear this. Even good background checks can miss a lot.

    • @sherimatukonis6016
      @sherimatukonis6016 Před 4 měsíci +6

      @@Chicago_jake I wanted to make the space available for a lower income family because I had a hard time finding a rental myself when I had 3 kids and never quite enough money. My good intentions got me screwed over. Never again.

    • @j10001
      @j10001 Před 4 měsíci

      So sorry to hear this! Even when you try to do good at your own sacrifice, selfish people can screw you over.

    • @Chicago_jake
      @Chicago_jake Před 4 měsíci

      It’s sad your heart was in the right place. But people take advantage.

  • @MountainCat1M
    @MountainCat1M Před 4 měsíci +4

    Georgie Dent isn't helping matters. If tenants continue to put landlords in vices, then landlords are going to not bother renting properties or apartments in their homes. I rented out a basement apartment in a home I had years ago and gave it up. Tenants were a pain. I switched to airbnb and if I had a bad guest, they were gone in 1-2 days. Then apartment seekers complain there are few apartments and I wonder why? Landlords have had enough of tenants making their lives difficult.

    • @gabe9671
      @gabe9671 Před 4 měsíci

      Exactly, Jordie should be asking for a paycheck from Some massive Rental Corporation like Starlight or Blackstone cause his encouragement of Scamming small landlords is leading to more people leaving it. He is helping Blackstone and others reach their goal, which is controlling 100% of the rental supply within Toronto. His encouragement of scamming is shortsighted you can only scam someone once, after that they'll stop renting.

  • @kcastillo8625
    @kcastillo8625 Před 4 měsíci

    I’m not sure of this .But if you write in the lease that the lease agreement will be evoked for reasons listed would that make the process faster

  • @kakumee
    @kakumee Před 4 měsíci +15

    You know what's crazy, there's people who work 2 jobs and can't afford a house! Not just low wage jobs, but there's people with college degrees, working in demand jobs who can't afford a place to live....not even an average low end apartment! Now that's not just hurtful but outrageous!!

    • @poollife777
      @poollife777 Před 4 měsíci +2

      That depends on where you live.

    • @JamieStLouis-tu9ml
      @JamieStLouis-tu9ml Před 4 měsíci +3

      This is the most sane comet here.

    • @kakumee
      @kakumee Před 4 měsíci

      @@JamieStLouis-tu9ml qujanaq! (Thank you in Kalaallisut language)

    • @kakumee
      @kakumee Před 4 měsíci

      @@poollife777 to an extent, but I d say the biggest factor is how much money you can make/have. It's almost impossible for someone in deep poverty to afford a place, especially if its a generational thing. Someone parents in deep poverty, the kid grows up in deep poverty ECT. Of course it can be based on luck, maby a poor kid has a talent or poveds a need and gets a lucky brake, meets a person who has money/connections, or is maby living a city where the chances *can* increase for theme to make the right connection. It's a bit harder in the rule/country area. These aren't set in stone rules tho. Life's wired and sometimes the unexpected happens against all odds.
      There's exceptions to every rule!

  • @johnwoodall4037
    @johnwoodall4037 Před 4 měsíci +97

    There's been a housing crisis in Canada for decades, that the government has ignored. The well off voters and older middle class with property hasn't made that an issue when voting, ignoring younger generations crisis. Now it's affecting them as landlords and they're upset. There's a cost to ignoring a crisis because it's not affecting you, they're now experiencing the cost.

    • @vmoses1979
      @vmoses1979 Před 4 měsíci +6

      Well said. The problem is really concentrated at the municipal level. Any city council that cannot ensure housing supply increases to meet projected demand and population growth is inherently incompetent. This should the primary job of any city management.

    • @actionjackson9290
      @actionjackson9290 Před 4 měsíci

      Trudeau has ignored the housing crisis and he had opened the flood gates for refugees and international students + 1/2 million immigrants. Then he says that Federal gov't is NOT responsible for housing. This guy has no moral!!

    • @dominicblakeartwriter
      @dominicblakeartwriter Před 4 měsíci +8

      And what is the 'cost'? That peoples property (literally) should be stolen from them?

    • @ChromeLuxx
      @ChromeLuxx Před 4 měsíci +4

      @@dominicblakeartwriter…damaged and illegally sublet too. That is NOT some sort of retribution for not giving younger people who are not willing to do the work and don’t understand or have the patience to know that it takes years to build that kind of equity, it’s just criminal activity.

    • @jessicabixler1658
      @jessicabixler1658 Před 4 měsíci

      Housing shortage​@@dominicblakeartwriter

  • @pablo3640
    @pablo3640 Před 5 měsíci +45

    What’s going to happen is these small landlords are going to end up selling to big corporations and the housing problem going to get much worst

    • @user-qq2xn9mk2i
      @user-qq2xn9mk2i Před 5 měsíci +1

      TBH I wonder if some of these tenants are working with the big corporations to get small landlords to sell.

    • @Doofus171
      @Doofus171 Před 5 měsíci

      @@user-qq2xn9mk2i Highly doubt it. Big corporations will be much worse for the market and tenants know that.

    • @mykeprior3436
      @mykeprior3436 Před 5 měsíci +3

      So it shouldn't be legal, and first time buyers should get preferred treatment in bidding

    • @thimblemunch24
      @thimblemunch24 Před 5 měsíci

      @@user-qq2xn9mk2i Not the tenants, the government does though.

    • @Kash568
      @Kash568 Před 4 měsíci

      most are sold to new buyers who want to live in the property.

  • @nirvana8894
    @nirvana8894 Před 4 měsíci +5

    Oh no! Won’t somebody think of the landlords?!!!!

  • @nexusfg
    @nexusfg Před 4 měsíci +5

    If you're BORROWING money to buy a rental property, that's not your hard earned saves money. THATS DEBT.