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Bill 13 could make life worse for both landlords, renters
5 minute read Friday, Mar. 27, 2026Four or five years ago, a friend of mine inherited a large amount of cash after the death of his parents. He decided to invest the money and thought a rental property — an older home with a few suites — could be a lucrative long-term investment for him and his family. That is, until he started doing the math.
He looked at a number of rental properties that were for sale in Brandon and realized the rents being paid by the tenants of those properties totalled, at best, 10 per cent of the asking prices of the various buildings. That potential “return on investment” figure didn’t include reductions for property taxes, mortgage payments, maintenance and repair costs, utility charges and several other likely expenses.
Based on those calculations, he concluded that he would be very lucky to net five per cent annually on his investment (before income taxes) — and that was without factoring in the hassle of managing the property, complying with regulatory requirements under the Residential Tenancies Act, collecting rents, repairing damage and dealing with eviction issues when they arise.
He was concerned he would be effectively buying a second job with no guarantee of actually earning any money from it, and a genuine possibility that he could actually lose money.
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