These rentals were bought for 100k and the renter is paying the way for a landlord to sit back on an appreciating asset for which the mortgage was paid off a long time ago or minimal payments were made so the landlord could write off the interest portion against his income. Canada housing ponzi scheme is Canada's bitcoin People who were fortunate enough to buy in early sit back and collect monthly residuals from the working class. 40% of Mp's own rentals properties ... Canada will do whatever it can to keep the prices up to avoid a bank run on foreclosures. This ponzi scheme is fully backed by the Canadian government on both sides of the government. The people who control zoning restrict affordable homes to keep prices high, than mass immigrate people that Canada doesn't need so Canadian corporations can repress our pay because there are hundreds of people that would do our job for 17$ a hour and live 10 in a bedroom.