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Financialized landlords evict tenants at much higher rates in Black neighborhoods, study finds.
A Toronto Metropolitan University study finds financialized landlords file eviction applications at significantly higher rates in Black-majority neighborhoods, including high-income areas, compared to the citywide average.
Analyzing over 100,000 filings from 2016 to 2021, researchers found eviction rates in high-income Black neighborhoods were five times higher than the citywide average, reaching 8.5 per 100 households.
The study suggests profit-driven housing strategies, not poverty, drive these patterns, with one building on Kipling Avenue seeing a 36.6% eviction rate.
While Starlight Investments, the building’s owner, says most filings stem from unpaid rent and are resolved without displacement, the report argues financialized ownership exacerbates housing instability and racial inequities.
Los propietarios financieros desalojan inquilinos a tasas mucho más altas en los vecindarios negros, según un estudio.