Comment by henrymerrilees

Toronto metro area condo rents decreased 5.7% in the quarter before those caps were announced, the largest quarterly drop since 2020. And in Australia, much of the increase in advertised rent preceded reopening of borders that were closed for COVID. I wouldn't bet on any angle being distortion-free; the least we can do is ensure that second-order political discussion does not outpace proportionate evidence of causality.