Rising inflation and mortgage rates as well as a proliferation of addiction issues have compounded challenges for Canadian landlords. Many tenants, meanwhile, are struggling to come up with the rent each month in a time of economic hardship.
In Regina, Saskatchewan, Kim Besler said it’s so hard to find decent tenants, she accepts a small loss to keep a good one.
“It’s mostly low-income that need to rent. I feel for families today. There is no way to pay rent and their bills and save for their own home,” Besler told The Epoch Times.
“I have a wonderful tenant that I know struggles now to pay her bills. I’m having to eat more of the monthly costs to keep her,” she said….