582
'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a month
(toronto.ctvnews.ca)
this post was submitted on 06 Sep 2023
582 points (96.9% liked)
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It shows that "no rent control" basically means "your landlord can throw you out at any time without notice" by raising rent to a ludicrous amount. It completely undermines all other tenant protections. Even conservatives should be supporting at least modest rent controls to prevent cases like this.
Modest is what we had before. Never vote Conservative.
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.