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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
297 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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[-] mindcruzer@lemmy.ca 3 points 1 year ago

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 2 points 1 year ago

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

[-] mindcruzer@lemmy.ca 3 points 1 year ago

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

this post was submitted on 06 Sep 2023
658 points (100.0% liked)

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