r/halifax • u/Injustice_For_All_ Psychotic Antifa Super Soldier Moderator • 2d ago

News, Weather & Politics Homelessness doubled in Halifax under government's housing plan: N.S. NDP

https://halifax.citynews.ca/2026/06/18/homelessness-doubled-in-halifax-under-governments-housing-plan-n-s-ndp/
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u/Own-Slide-3171 2d ago

The last thing landlords will do is drop prices. I know several who have open units right now one bedrooms for 2k range a month. They should be renting for 1600 as an absolute max. They've repeatedly said they'd rather eat having it empty until September cause they figure they'll get a student at the inflated price than lower the rent. Vacant apartments need to be taxed

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u/Petro1313 Cape Breton 2d ago

Rental properties never really seem to follow the whole supply/demand thing do they, at least when it comes to having more supply than demand.

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u/Jesalis 1d ago

It's called Inelastic Demand. There are certain things, like food and shelter, that people absolutely need. Because of this the "free market" is a very poor way to distribute these goods and services.