this post was submitted on 06 Sep 2023
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'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a month (toronto.ctvnews.ca)
submitted 1 year ago by [email protected] to c/[email protected]
324 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.

β€œWe 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.

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[–] [email protected] 9 points 1 year ago (1 children)

In Norway you can set the rent as you wish when negotiating the initial contact. So it doesn't matter what the previous tenants rent was. But the raise cap per year is set per year after that as long as the contact is valid.

[–] [email protected] 2 points 1 year ago

That's a great compromise imo