We in the media can pretty easily find victims of an $11.40 minimum wage, and reasonably compassionate people quite rightly sympathize. “Without any changes in the supply outlook, a cumulative deficit of 62,500 rental units is expected to be amassed in the coming decade,” the report reads. But I don’t think I’ve ever come across an economist who thinks rent control actually incentivizes the construction of new rental units. And as I’ve written before, the Liberals slapped rent control on post-1991 builds almost exclusively to silence complaints from high-end condo renters (like me!). “I think everyone wants to get to a $15 minimum wage, but it’s the pace,” he said in June.

Source: National Post September 28, 2017 23:15 UTC