Policy No. 4 · Ministry of Housing
The Rent Freeze
Freeze the rent. Freeze it solid.
Critics say rent control shrinks the supply of housing. They point to San Francisco, where landlords under rent control cut their rental supply by 15%.1
They point to Berlin, where new rental listings fell about 56% after the 2020 rent freeze.2 They point to St. Paul, Minnesota, where building permits fell 86% in a year.3 They point to Stockholm, where the average wait for a rent-controlled apartment is 9.0 years, and 21.1 years in the inner city.4
They say 33 of 41 top economists rejected rent control.5 They quote the Swedish economist who called it, "next to bombing," the "most efficient technique so far known for destroying cities."6 Even Paul Krugman said economists barely argue about it.7
Here's what they won't tell you. None of those places were Alberta. Rent control has never been tried in Alberta. How can we know it won't work here unless we try?
Luckily, some Albertans have the courage to try. In December 2023, NDP housing critic Janis Irwin tabled Bill 205, which would cap rent increases at 2% a year for two years, then tie them to inflation, to a maximum of 5%, for two more.8 "Every Albertan deserves to have an affordable place to call home," she said.9
Two per cent! Adorable. It's only a cap, but it's a start, and Alberta needs a lot more policies like it. Tell your neighbours about Bill 205. Share it. Stick it on the fridge, right next to the freezer. Then we take the next step and freeze it solid.
Statistics from other countries don't apply to us. We need to stop reading about history and start repeating it.
The policyElect socialism. Freeze every rent in Alberta, then check back in 21.1 years.
Real socialism has never been tried. In 2027.