Kwan added that we need to stop allowing profiteering on housing to take place.
“Corporate landlords and real estate investment trusts are trying to increase their profitability. They look for buildings that are underperforming. They swoop in and purchase them and try to push out long-term tenants that are there. Once they’re out, they jack up the rent.”
Kwan said the federal government needs to view housing as a basic human right.
“What we need to do is stop treating housing as a commodity,” Kwan said. “The provincial government is doing their best to address the housing crisis. They can’t do it alone.”