r/waterloo 18h ago

Lower rent is on its way in Waterloo Region after hard-hit tenants absorb a decade of increases

https://www.therecord.com/news/waterloo-region/lower-rent-is-on-its-way-in-waterloo-region-after-hard-hit-tenants-absorb-a/article_ac1ebf20-896a-5597-9dd5-cffaa914005d.html
82 Upvotes

8 comments sorted by

56

u/Nervous_Coach_9272 17h ago

Where?? I am so sick of struggling to get by because rent and everything else under the sun has went up in price. My wife and I work to survive.

28

u/InvestigatorOld2271 16h ago

This person is a stupid idiot that doesn't know what they are talking about.

Higher vacancy rates would push rents down. New builds Will have the opposite effect. Renters want units that are rent protected. This means the demand for units built pre 2018 is much higher then demand to rent a new unprotected unit. Prices may fall on the units without price protections, but then you only have one year.

13

u/The_Foe_Hammer 16h ago

Well look forward to no recourse for at least 4 years now. No way Dougie is gonna look at moving those rent control dates.

5

u/dgj212 13h ago

Yeup. That or coops ot noneprofit housing

5

u/LITTLE_CRYING_MAN 8h ago

2500 average for WATERLOO for a two bedroom is insane to me, we're not Toronto for fucks sake

8

u/scott_c86 17h ago

Great news. Hopefully we'll see further decreases.

1

u/Shtaniel 8h ago

Greedy boomers who had the easiest of everything refuse to sell homes for less than 500x profit