647
'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a month
(toronto.ctvnews.ca)
this post was submitted on 06 Sep 2023
647 points (97.0% liked)
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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.