A deep dive into the charter 9-year proposal: intended stability and foreseen crisis
Chapter 1: Anatomy of a "3+3+3" Mandate: The Structural Flaws of a Well-Intentioned Proposal The recently proposed so-called "3+3+3" Residential Tenancy Protection Act amendments aim to improve tenant housing stability, but a closer analysis of its components reveals that it is at odds with the fundamental workings of the marketplace and is likely to have serious unintended consequences. Each of the bill's provisions could act as a mechanism to inherently restrict landlords' property rights and distort their incentives to participate in the market. 1.1. Dismantling the 9-year residency right: Stabilizing the Market Beyond Stability The centerpiece of the amendments is the dismantling of the existing "2+2 years," which allows up to four years of...
