I agree with Chuck. Landlords in GP are milking their investments in properties which, despite the rise in land values, still extract the greatest income through student rentals. This is a pretty good deal for a slumlord because they can spend the absolute bare minimum to maintain the structure while collecting absurd rents. Let's say a bay and gable duplex can be subdivided to house 8 students, each paying $500/month (or whatever the highest price is that they don't ask questions) and, voila, instant cash cow. Immigrant Chinese renters are an even sweeter deal: you can cram in even more of them than you can students and due to the legal status of their residency, language and cultural barriers they won't raise a fuss or run to the Ontario Rental Tribunal.