The average profit margin for a Canadian landlord is 8 percent, the Commons human resources committee heard Thursday.
Attendees at the July 13 meeting struggled to agree on the best way to expand the national housing inventory, according to Blacklock’s Reporter.
John Dickie, president of the Canadian Federation of Apartment Associations, said that reality may come as a surprise to some.
“Some people picture all or most of the rent money going into the landlord’s pocket,” Mr. Dickie said in his testimony. “The truth is far from that.”
Mr. Dickie shared with the committee that landlord operating costs amounted to 19 percent of rental revenues. Property tax was paid by 14 percent of landlords, and tenant utilities were covered by 12 percent of landlords….