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 think last year's inflation spike demonstrates that "2.5% per year regardless of your carrying costs or maintenance costs changing due to interest rates and inflation" is not modest. A reasonable rent control policy would let landlords gradually adapt to market realities without giving them the power to gouge or de-facto evict tenants with sudden rent spikes.