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] 1 points 1 year ago (1 children)

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.

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