1.
|
It's possible rent-controls will
have little effect on the condo rental market. Most tenants who rent
condo apartments do so for only one or two years. The landlord can
raise the rent every time a tenant vacates their unit.
|
2.
|
The building of purpose-built rental buildings may slow. A few that are under construction may be converted into condos. |
3.
|
Some condo investors/landlords will start getting out of the rental business. Their
units could be turned into short-term rental properties (Airbnb) or they will sell their
units. |
4.
|
The
prices of one bedroom condos in the GTA should drop. (This opinion is
shared by a couple of readers who are experienced Realtors.)
|
5.
|
Condo boards will face pressure from the investor/landlords to keep the maintenance fees low. |