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by CryptoPunk 2472 days ago
Montreal has a large supply of old housing stock. Its population growth has also been much slower than Vancouver and Toronto's over the last few decades:

https://www.theglobeandmail.com/news/national/how-does-montr...

>>Montreal is not shrinking, but it is growing slower than other big Canadian cities – driving down rental demand in the process. From 2013 to 2014, despite gaining nearly 43,000 immigrants from other parts of the world, Montreal tallied a net loss of 10,000 residents to other provinces.

If either Vancouver or Toronto had had more stringent rent control in place over the last few decades, the housing situation in these cities would be much worse than it is right now.

The effects of rent control have been heavily studied and are well-known:

https://www.econlib.org/library/Enc/RentControl.html

1 comments

A note: EconLib appears to be run by the Liberty Fund, which is a group that certainly has a slant of its own[0]: an essentially anti-regulation stance in the name of personal liberty. I have attended a colloqium put on by a Liberty Fund-sponsored think-tank, and can attest to that slant.

I'm not saying the contents of the article is wrong, but just be aware of its source/publisher.

[0] https://en.wikipedia.org/wiki/Liberty_Fund#Criticism

Yes you should definitely judge the content on its own merit and not blindly trust the source. The article is well sourced and even cites "left-wing" economists (yes they exist) and political figures.