I'm used to BC (rent caps) and AB (no rent control), but in either province we can increase the rents without any problems between tenants.

We invest in our local area and also out of our province.

I am from Winnipeg and I know there are people on here from every province!

@Traver FreemanI second Curt do not buy low end of the spectrum in major Mid west markets those are generally the province of those that live there and work it.. the tenant pool in those homes is VERY tough to manage over time. 

I would suggest you contact a lawyer in the state/province where the property is located and ask them. 

Rewey  YUP and I realized loans on single purpose commercial buildings are the province of commercial bankers.. not private investors.. when they go south ... and they do .. your really in a tough spot and equity is simply gone.. unless somehow you find another bagel dog manufacture.. 

I visited the small town of Vallata in the Avellino province in Italy a few years ago.

Places like the Maritime Provinces saw 3x price increases as people left downtown Toronto and Vancouver during the pandemic thinking remote work was going to be permanent.

Not that minimum wage is something we should aim for, but it is easy to track.  1975 minimum wage where I am (Canada) was $2.15-2.75/hr (each province has their own), today $13-16.75.hr.I agree that some cities have become unaffordable to many, but you still have people wanting to live there (their choice) and often renting as a result. 

If you can indicate the province or state the property is in, someone with specific local kowledge might be able to help.