633
'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a month
(toronto.ctvnews.ca)
What's going on Canada?
๐ Meta
๐บ๏ธ Provinces / Territories
๐๏ธ Cities / Regions
๐ Sports
Hockey
Football (NFL)
unknown
Football (CFL)
unknown
Baseball
unknown
Basketball
unknown
Soccer
unknown
๐ป Universities
๐ต Finance / Shopping
๐ฃ๏ธ Politics
๐ Social & Culture
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
I'm not sure that works. The idea was that if rent control was lifted, there would be incentive to build new units. Trouble is, the building didn't happen as expected. New housing starts even declined after the change came into effect. Balance is not going to give more incentive to build.
Since it didn't work, we may as well go back to a proper rent control system. A proper one, not the completely ridiculous one that sees young, struggling families subsidizing rich retires that we currently have on those <2018 properties.