this post was submitted on 02 Jun 2026
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Stop the corporate takeover of our neighbourhoods
We will ban predatory financial landlords from buying any existing purpose-built rental apartments and any of Canada’s existing 650,000 social housing units. Legitimate private landlords and property managers would not be impacted. This measure is aimed at preventing corporate entities like REITs, Hedge Funds, and private equity funds from purchasing affordable housing. These entities do not function like landlords, instead their function is to either liquidate and redevelop the real estate, maximize revenues through poor maintenance leading to renoviction and increasing rents, and generally financialize these properties as assets.
We will also cut off handouts – including low-interest federal loans, preferential tax treatment and mortgage loan insurance – for big corporate landlords who gouge their tenants. And we will boost the Rental Protection Fund by providing an additional $2 billion to help non-profits such as tenant associations and housing co-ops purchase thousands of affordable apartments, to keep them affordable when they come onto the market.