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'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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I think last year's inflation spike demonstrates that "2.5% per year regardless of your carrying costs or maintenance costs changing due to interest rates and inflation" is not modest. A reasonable rent control policy would let landlords gradually adapt to market realities without giving them the power to gouge or de-facto evict tenants with sudden rent spikes.