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 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.
Some reports said that rents in canada will increase by 1.7% in 2023. Last year alone, 1.2 million new arrivals came to Canada. Due to the influx of foreigners, the wages of the workers were not increasing, but the rising rents were increasing the financial burden of the people. In this situation, Canadian prime minister Jacin Trudeau has said that he will soon introduce a law that will provide benefits to those who pay rent honestly.
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.
Recent polls show that the ruling party will face a major setback in the upcoming elections if it does not address the housing shortage caused by high-interest rates, rising property prices, lack of new home construction projects, and increasing foreign immigration. prime minister Trudeau's budget to be tabled next month on april 16 will also offer legal aid to protect tenants against unfairly rising rents and bad landlords. Also, incentives for timely payment of rent may be given. This decision has given great hope to indians living in Canada.

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Sowmiya Sriram

29/03/2024 02:42 PM