@Dknowzappare I think we're at a crossroads - the so-called labour shortage/Great Resignation could either be leveraged for working people or be a way to restructure to lower costs (outsource, automate). Also, there are many BS jobs.
@Daily_Obs@rCanadaHousing If they sell, homeowners need to find elsewhere to live. Unless drastically downsizing or moving to an un-hot area, it's zero sum. Homeowners are mostly benefitting by tapping into their equity. Or they're happy feeling rich.
@rCanadaHousing It's unhelpful that these articles don't mention specific laws. It's just assumed that property owners have infinite rights and that tenants have to leave when asked. Most tenants abide without knowing their rights, unfortunately.
@rCanadaHousing They don't mention the specific mechanics of why/how the renters have to leave when the building is sold. In Qc, for eg, tenants can't just be kicked out when buildings change hands (unless owner moves in). Of course, there are lots of pressure techniques used by investors.
@rCanadaHousing The technique used by these investors is called "BRRRR" (Buy, Renovate, Rent, Refinance, Repeat). This is how the "collect doors". They are quite overleveraged. Not sure what this looks like with rising interest rates.