Yes, the mention of the tax break for landlords might help. I know, as the value of the houses are going up, to find a house now for $500,000, that's a fairly basic house now in Nanaimo. If landlords are having to pay a mortgage on the place and their taxes keep going up, they put the rent up as much as they can. We just had the latest announcement for how much the rent could go up next year, and it was 4.5%. That's a big jump, but the bigger issue, of course, is when the people are moved out, for whatever reason. Maybe they say they're going to do renovations and they have that ability to have the people leave with three months' notice, and then the next time it comes up for rent it's jumped up $500 or $600 a month. If there could be some sort of controls, that would be amazing.
On October 31st, 2018. See this statement in context.