The Man Who Sold Parkdale

What is ‘Displacement Realty’?

Displacement realty is the business of selling properties that have served as poor and low-income peoples’ homes, for inflated prices, based on the potential rental income those properties could earn if they were housing wealthier people paying higher rents.

It locks buyers – who usually buy these properties as investments – into pushing existing tenants out, in order to pay off loans and turn a profit. It means individual people lose their homes and as neighbourhoods as a whole become unaffordable, those same people can no longer afford to live in their communities and are pushed out to more distant suburbs, without access to the same services.

The consequences of these evictions can be literally life and death for folks who rely on their neighbours, friends, doctors and social workers to get by.