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submitted 1 year ago by girlfreddy@lemmy.ca to c/canada@lemmy.ca

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.

โ€œWe 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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[-] Pxtl@lemmy.ca 232 points 1 year ago

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.

[-] Powerpoint@lemmy.ca 72 points 1 year ago

Modest is what we had before. Never vote Conservative.

[-] Pxtl@lemmy.ca 10 points 1 year ago* (last edited 1 year ago)

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.

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this post was submitted on 06 Sep 2023
645 points (96.9% liked)

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