Category Archives: 1942

On this date in 1942, Roy Wenzlick, in his publication titled Real Estate Analyst, said the following:

"Leaving aside the equitable or inequitable nature of the freezing data in the various cities, what will be the over-all effect of rent control on values and on sales during the period of the emergency and the period that follows?

"According to Cyril De Mara, Rentals Administrator in Canada, rent control in Canada has brought about an increase in sales with increasing prices of single-family residences with increasing prices. Many persons not being able to rent the type of units they desired have purchased instead - giving the former tenants notice to vacate. In fact, this has continued to the-point that labor circles have complained that tenants are being forced out to make room for buyers. According to Mr. De Mara apartment sales have remained on the game level as a year ago, although sales prices of apartments have not increased. Speculative buyers have been replaced by persons desiring to have a fixed income."

Roy Wenzlick. Real Estate Analyst. "The Effects of Rent Control". May 27, 1942. page 137.