Canadian PM plans to protect tenants..!?
A special law is going to be introduced for renters in Canada. This is a measure to protect the tenants. good news for indians living in Canada! The government of canada, which plans to improve the welfare of renters, has announced that it is about to solve the biggest problem data-faced by people living in canada from abroad. prime minister Justin Trudeau announced this happy news. A special law is to be introduced for renters. canada says this is a measure to protect renters. house rents, which have been on the rise for the past few years, are set to peak in 2023. As affordable housing is out of the question, apartment rents have soared to all-time highs, and the number of vacant homes has dwindled to zero. As housing rents in canada hit the ceiling, the costs for expatriate workers and students have increased significantly. Housing rents in canada are closely related to foreign immigration, which has greatly affected the cost of living. As more and more students come to canada to study, housing rents are high and hence the voices of local people to limit the number of students have started to rise. There is much talk about the need to limit the number of foreign students and reduce government taxes on housing and construction for new rentals.
If this new law is introduced, it is said that those who pay rent of $2000 or more may get benefits similar to those available to loan installment payers. It is noteworthy that next year (2025) elections will be held in Canada. Thus the government is forced to solve the problems of the people. Already under pressure from rising rents, prime minister Justin Trudeau's government has decided to introduce measures to help renters in next month's budget. "A large portion of the income of renters and young Canadians goes to rent, so we're going to introduce important legislation on this," prime minister Trudeau said during a press conference in Vancouver.