A new study shows just how aggressively so-called “financialized” landlords push up rents. These landlords—asset managers, Real Estate Investment Trusts and pension plans—own about 20 per cent of purpose-built rentals in Canada and exist to maximize profit for shareholders. The study shows they charge rents significantly higher than all other types of landlords–$670 above neighbourhood rents
compared to $477 above for the next highest type of landlord. A tenant would pay 13 per cent more with a financialized landlord than with a landlord who owned just one property. The study concluded “If left unchecked, financialization will continue to deepen the affordability crisis, with the greatest harms falling on those who can least afford it.” Learn more: https://journals.sagepub.com/doi/10.1177/0308518X251328129
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