One landlord's dominance in Canada's North
In Yellowknife and Iqaluit, as much as 80 per cent of private, multi-unit rental housing is owned by one company: Northview Canadian High Yield Residential Fund. Today, some tenants say that’s a big problem, and what this story says about the challenges facing renters across Canada.
80 per cent of rental housing in the North is owned by one company and some tenants say that's a problem
Over the past few decades, one company has come to dominate rental housing in northern Canada. Northview Canadian High Yield Residential Fund owns as much as 80 per cent of private, multi-unit rental housing in Yellowknife and Iqaluit, according to one analyst.
Tenants in some of Northview's Yellowknife properties say their complaints about flooding and broken windows go unaddressed — but that they can't afford another apartment that isn't also owned by Northview.
Today, reporters Sidney Cohen and John Last on how Northview came to control so much of the rental market in Yellowknife, why tenants say it's such a problem, and what the company's dominance says about the challenges facing renters across Canada.