this post was submitted on 20 Nov 2023
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So you’ve lived in the same house with the same job for several years/decades, but because actually-wealthy individuals and institutional investors are suddenly willing to pay a lot more for your house, you should effectively be forced to move out? Christ, just tax rental income ffs
Or, radical opinion, don't let people invest in housing. Also, I noticed BC raised their maximum rental increase from 2% to 3.5%. Almost double. So there's that too 🫠
Ontario got rid of theirs for any newly built/designated residences. Now you also have to look at what year the damn unit was first rented in. If you aren't careful with that, your landlord could legally hike up your rent by $10,000 or however much they want to, for absolutely no reason. November 15, 2018 is the date to watch out for, specifically. Anything after that is taking on a big risk, imo.
This is all so fucked. Here's an example of what I was talking about.
https://toronto.ctvnews.ca/this-is-egregious-sisters-shocked-when-toronto-landlord-raises-rent-to-9-500-a-month-1.6548845