Front Burner

When big money buys up homes to rent

A real estate developer in Toronto is planning to spend a billion dollars buying Canadian houses and turning them into rentals. Today, former UN special rapporteur on housing Leilani Farha on what she’s seen when big money gets into residential rentals.
A rental sign is seen outside a building in Ottawa April 30, 2020. (Adrian Wyld/Canadian Press)

We had a lot of questions for the condo developer Core Development Group after reading they were planning to buy a billion dollars' worth of single family homes in Canada, and turn them into rentals. We were going to put those questions to Core directly. Then they cancelled our interview.

So today, Leilani Farha, former United Nations special rapporteur on housing and global director of the housing advocacy group The Shift on what happens when big money gets into residential home rentals.