No.
Rent control is very good for tenants, but as I'm sure my industry colleagues would suggest, if we suppress rents too much, they simply won't build.
We saw that through the 1990s despite the fact that rent regulation was removed. In Ontario's case, rent regulation was removed in 1998 at the behest of the industry on the promise that if you deregulate we will build. Sixteen years later, they only just started building. I think [Technical difficulty—Editor] there's a whole bunch of other things going on in the market. It's rather a blunt instrument. It's desirable to protect tenants, which is why protecting sitting tenants is very important, but over-regulating can have unintended consequences as well.