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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've always thought the hard "full rent control no hikes above inflation" "no rent control do whatever" dichotomy was stupid.
Why not compromise? Like 5% above inflation (or $50, whichever is higher) on all properties, regardless of how old or new they are. Allows a landlord to adapt to a shifting market, and gives a renter plenty of time to adapt and adjust as a landlord is changing rent yearly.
Then get rid of all the silly "year constructed" exceptions.