this post was submitted on 06 Sep 2023
557 points (97.3% liked)

Canada

7218 readers
403 users here now

What's going on Canada?

Communities

🍁 Meta

🗺️ Provinces / Territories

🏙️ Cities / Local Communities

🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer

💻 Universities

💵 Finance / Shopping

🗣️ Politics

🍁 Social and Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca

founded 4 years ago
MODERATORS
otter@lemmy.ca
557
'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.

“We 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.

you are viewing a single comment's thread
view the rest of the comments
[–] ClumZy@sh.itjust.works 9 points 1 year ago (1 children)

We have rent control in Paris, France. Appartments are still expensive, but I pay 1600 euros per month for 60sqm in the center of one of the liveliest cities in the world.

Rent control WORKS.

[–] mindcruzer@lemmy.ca -5 points 1 year ago (1 children)

It’s inevitable that any type of price control will lead to supply/demand issues. That’s great it worked out for you but it is well documented that rent control harms rental markets long term. Anyone who disagrees is in denial.

[–] violetraven@lemmy.blahaj.zone 1 points 1 year ago (1 children)

And for the places without rent control with supply/demand issues...

[–] mindcruzer@lemmy.ca 2 points 1 year ago

Yes, multiple things can affect rental supply, not just government price controls.