652
'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a month (toronto.ctvnews.ca)
submitted 3 years ago by to c/canada@lemmy.ca
323 comments fedilink hide all child comments
 

The landlord had told them he wanted to raise the rent to $3,500 and when they complained he decided to raise it to $9,500.

“We know that our building is not rent controlled and this was something we were always worried about happening and there is no way we can afford $9,500 per month," Yumna Farooq said.

you are viewing a single comment's thread
view the rest of the comments
[–] [S] 1 point 3 years ago (1 child)

I would say it's legal but not perfectly fine.

There is a vast difference between the two, esp when it come out of #DrugFraud 's office.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 2 points 3 years ago

    These laws exist to protect existing renters against exploitation of the cost of moving as a negotiation tactic (since the consumer cannot easily shop between renegotiations, it is not a free market).

    These laws do not exist to implement fixed housing price policy. What you may be looking for is public housing.

    In my experience, a lot of existing rental law tends to be a pretty fair balance between rights of renters and very small property owners, which we should totally encourage. The problems arise with medium and large (institutional) property owners, that don't need the same degree of protection as small renters, and who leverage their size to bully. The laws should be updated to be stricter for large blocks of ownership. But defining that can be a challenge.

  • permalink
  • fedilink
  • source
  • parent