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In BC there is a rent control policy which caps the annual increase in rent at the inflation rate. This year the inflation rate has

In BC there is a rent control policy which caps the annual increase in rent at the inflation rate. This year the inflation rate has been soaring (For example, the inflation rate was 6.8% this April.) Some people suggest to decrease that cap to lower the cost of living. What would be the effects of this policy? Who would gain? Who would lose? How about the market efficiency?

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