Remove rent controls (government-set caps on annual rent increases) for new apartments. Alberta has none, meaning higher vacancy rates (more choice) and lower rents. A healthy vacancy rate is 3% or above. National vacancy rates for secured rental apartments (purpose-built) range from about 1% to 2%. 
 

• Quebec and Ontario removed some rent controls. This stimulates new building and helps rental providers keep up with rising property repair costs, insurance premiums & taxes that grossly exceed government rental increase limits.
   

• Proof? A respected survey of economists on the left and right of political spectrum agree rent controls are destructive. Ninety-three per cent agreed rent controls impact the "quantity and quality of housing" available.
   

• A Toronto-based public policy analyst studied Sweden's rent control disaster where tenants wait as long as 14 years for an apartment.  Assar Lindbeck, Stockholm University economics professor famously noted: “In many cases, rent control appears to be the most efficient technique presently known to destroy a city—except for bombing.”
  
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