Renters Bill of Rights Announcement - Part 3

In Part 3 we’ll continue to talk about the challenges renters are facing.

From a Manitoba Perspective.

Unfair competition
When it comes to this point the only unfair competition we could see if that as more people rent the inventory decreases. When there is not much out there on the market for rental units the ability to find a place to rent gets harder.  Supply and demand has always worked this way. The same can be said when the inventory is high, this is now in the tenant’s favour and they can be more selective on where they want to rent. Landlords in this situation might have a harder time finding tenant(s) for their units.

Lack of housing options
In Feb 2024 it was announced that Winnipeg was around the 2% vacancy rate. This does not provide renters with a lot of places to choose from.

You always hear we need more affordable housing. The question is affordable housing for who?

What’s the definition of affordable housing in Canada?

CHMC's Definition: What is affordable housing? In Canada, housing is considered “affordable” if it costs less than 30% of a household’s before-tax income. Many people think the term. “affordable housing” refers only to rental housing that is subsidized.
 
With this bill Justin is targeting millennials and Gen Z voters so we’ll assume that for this age group there needs to be inventory from a rental and housing perspective.

In Part 4 we'll discuss how the government plans for addressing these points.
​