Why Is Premier Brad Wall's Administration Defending 63% Rent Increases?
Premier Brad Wall and his supporters are able to look you straight in the eye and tell you that a 63% increase in apartment rent costs is a good thing.
Somehow, a Saskatchewan Party supporter thinks that 'whatever the market will bear' is the best way to oversee rent increases in the province. Unfortunately, they forget that people's lives are seriously affected by this blind adherence to out of control rent increases.
During the early days of the Saskatchewan Party administration we heard a lot of hype about the boom that was going to happen in real estate. As a result of this phony chatter, realtors and apartment owners jacked up the price of rental accommodation using the inflated 'market value' of the property to justify rapid and successive rent increases. Increases have very little to do with 'real cost' adjustment - rather increases have been based on phony speculative real estate values.
The funny thing was that the national realty market soon realized that what was happening in the Saskatchewan market was, in reality, nothing but speculative hype.
Saskatchewan's Official Opposition raised the issue in an effort to protect fixed income families and individuals from hyper inflated rental increases. They suggested that it is time to look at some measures that can control these unjustified and hyper inflated rent increases.
The response that they got from the Saskatchewan Party (and those with Sask Party agenda) was what you would expect. They simply don't give a fig for working people, seniors and students. Brad Wall insisted that the rental market would remain 'unfettered' and he justified rental increases that have now crept to the 63% level.
Saskatchewan voters go to the polls in November. Anyone who has experienced a large rent increase, and supports the Wall administration, has only themselves to blame.
For all of their rhetoric, hype and slogans, Saskatchewan Party supporters are not serving the average citizen of Saskatchewan. No, they are representing a segment of the society who are recklessly gouging anyone who rents.
Brad Wall is just plain wrong on rent controls ...