Toronto Tenants Unite!
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banks are allowed to discriminate
Posted by lewis on 10/8/2009, 11:45 am
Message modified by board administrator 10/9/2009, 11:45 am
How come banks are allowed to turn down welfare applicants who apply for home loans that they can afford? Isn't that discriminating based on financial/source of income? A landlord can't refuse to rent to an applicant if they make enough money to cover the rent each month, so why can banks refuse if you make enough to cover the mortgage each month?
Example: a tenant receives $825 each month from welfare. The apartment they want to rent is $825, so the landlord has to rent out to them or they are discriminating and are breaking the law. There are some smart new condos out there off the plan that are would cost $825/month or less for that same welfare tenant to own. I thought good housing was a right in Canada. Am I wrong?
Mod. Note - Lewis and Heres why have the same IP address
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