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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.

“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.

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[–] CanadaPlus@lemmy.sdf.org 5 points 1 year ago* (last edited 1 year ago) (4 children)

I'm guessing there's a rule against this, unless he can find another tenant that will actually pay that.

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[–] systemglitch@lemmy.world 2 points 1 year ago

That's a shitty solution lol. But yeah, you are right. It is an option. Move away from your home and everyone you love because your home is too expensive for normal people.

Banning foreign investment into Canadian real estate might have stopped this situation, but what do I know?

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