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 girlfreddy@lemmy.ca to c/canada@lemmy.ca
276 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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[–] Brahm1nmam@lemmy.sdf.org 1 points 1 year ago (1 children)

So the first point is simply false, the second point is symptomatic of the third point which is simply an example of a poor policy.

Also the second half of the third point is completely fucked off. If new construction were exempt from rent control then your ROI would be better on building units than buying units.

[–] ZodiacSF1969@sh.itjust.works -2 points 1 year ago

Why don't you provide proof. Who the fuck are you that we're just gonna believe you when you say 'this is false' lol