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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
363 points (100.0% liked)
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If 2500 was reasonable back then, then it still is reasonable right now.
Unless gigantic upgrades were performed to the house that warrant a 1000 price hike, which I highly doubt.
Just because the market is fucked doesn't mean you get to make the market even worse.
Except the price of food building materials renovation costs went up by about 100% where i live realistically. So a landlord isn't going to just take the fact that their 2500 whatever is now only worth 1700 whatevers.
If accepting a lease on a post-2018 construction, knowing that no rent control was in force, was reasonable then, it is still reasonable now. Live with your choices.
having no rent control is never reasonable. People only accepted places without rent control because all other options are shit too
Exactly. To accept a lease on a property that you know doesn't have automatic rent control, and to not contractually obligate the landlord to long-term price controls in that rental agreement, is reckless. They took the high risk gamble and lost. Such is life. But to then complain that their high risk scheme, which was done to screw over other renters who are more careful, didn't work out is plain antisocial behaviour.