After a CBC News investigation raised questions about the role large real estate investment companies play in driving up rent prices, the leader of the association that represents many of Canada's biggest landlords appeared on Metro Morning. Here are five key moments from that interview.Metro Morning host David Common spoke with Michael Brooks, CEO of the Real Property Association of Canada , about investment real estate firms.
Michael Brooks is CEO of Real Property Association of Canada , an association that represents many of the country's biggest landlords. He spoke toBelow are several key moments from that interview. DC: Do you accept that, advertently or inadvertently, that one of the consequences of a large landlord who has a large amount of capital coming in and buying a hundreds of millions of dollars building, is that rents often go up and go up considerably, sometimes above guideline?The problem is that we're overwhelmed with demand. You make it sound like the landlords are unilaterally raising the rent.