The rental market changed into one in which groups of investors formed companies and built small townhouse units, effectively, small townhouse groupings, and also low-rise five-storey and six-storey buildings for multi-families. It was professionally run.
Here's another terrible thing about what we do in Canada. These are individually owned. These units purchased at 100% are owned by families and individuals. When their situation changes and they no longer want to own that property, they have to evict the tenant or they have to sell it. It creates this ongoing mobility among renters, who are constantly being thrown out of their places.