CMHC's response to one of my written order paper questions shows a spike starting in 2015 of REITs acquiring existing properties with moderate rent. It also indicated that CMHC does not track rent for insured projects after funding. If rent is not tracked after CMHC provides funding, what safeguards are there in place to prevent REITs from jacking up the prices in the properties that they have acquired, including through reno evictions?
On May 4th, 2021. See this statement in context.