The rise and sheer volume of no-fault evictions are symptomatic of an increasingly financialized housing market. While there are instances when landlords might legitimately need to repossess their rental property to sell it, move in, or undertake necessary renovations, no-fault evictions are often profit-driven, particularly in Ontario, British Columbia, Prince Edward Island, and Nova Scotia.
Canada’s housing and homelessness crisis has greatly impacted renters – in particular those living on lower incomes – resulting in an increase in the number of renters in core housing need, meaning that their housing is unaffordable, in need of major repairs, and/or overcrowded. For the majority of renters, affordability is the primary challenge. The loss of affordable housing options and government retreat from the development and regulation of affordable housing has resulted in an increase in homelessness and housing insecurity across the country.