557
'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
557 points (97.3% liked)
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Only if the place you are renting was built before 2018.
You should read the article
Not sure why you are down voted. If people know why this limit is not viable in this case they should tell. Us.
From that person's link:
Because they can't bleed their tenants dry otherwise.
It's not enough to have someone else paying your mortgage for you, you need to be cashflow positive each month as well.