Imposed from above during an economic emergency, rent control played a significant role both in curbing out-of-control inflation and solving the housing crisis Canada was experiencing at the time. A combination of robust rent control and concurrent investments in public housing saw housing prices fall by as much as 30 percent in real terms between 1975 and 1978.
Anyone who is evidence-based as opposed to ideology based needs only to look at every single jurisdiction where rent controls have been enacted, to become a vociferous opponent to rent controls.
Rent
Controls
Do
Not
Work.
Not over the long term, and definitely not for new tenants.