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'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a month (toronto.ctvnews.ca)

submitted 2 years ago by girlfreddy@lemmy.ca to c/canada@lemmy.ca

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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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[-] JokeDeity@lemm.ee 4 points 2 years ago

Assuming that's a photo of the apartment, that shit would be like 15k a month in NY. Not that any of it's right, just, or moral, but they definitely had it better than most to be paying that little for what many would consider quite a luxury apartment.

[-] terath@sh.itjust.works 10 points 2 years ago

No it wouldn't. Here is a comparable: https://www.realtor.com/rentals/details/166-Amsterdam-Ave_New-York_NY_10023_M33265-52776?property_id=3326552776&from=ab_mixed_view_card

A three bedroom would go for $12k a month, but we don't even have three bedroom units here. Assuming this is a two bedroom it would probably be in the middle of the range given. So 7k-8k USD. But Toronto shouldn't be as expensive as Manhattan, NYC.