Two sisters were shocked when a Toronto landlord raised their rent by $7,000 per month.
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.
“We 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.
Regardless of who is in the right or wrong here, please don't post personally identifiable information if the source is not public.
While it's important to push for justice and fairness, there's a distinction between advocating for fairness and doxxing / calling for mob justice. We don't have formal rules for this stuff yet, but use your best judgment and report any comments that veer into harmful territory.
I'll try to post a discussion thread on proposed rules sometime in the future, but this seems like a good one to bring up in the meantime. Feel free to share thoughts, and thank you :)
Haha, I'm not! But I would be intrigued to know what's the real reason behind the landlord's move.
I know we like to believe that all landlord are assholes but let's love in reality where nuance is everything shall we ?
Ok, no landlord are good person. What kind of argument is this ? Like, literally? I know some are asshole ? But some a very kind and appreciative too? What's your point ? No one should be allowed to rent their property ever ?
You're trying to pretend landlords only exist in a vacuum instead of in society where people can't afford the necessities for basic survival. Landlords play a huge role in making sure housing prices are above a "natural" level, all while contributing no productive value to society. There's a reason why plenty of capitalists are against rentiers.
My position is like the most nuanced in the world while.yours is the most radical.
Landlord maintains their assets while the renter does not have to think about it. That's the benefit of being a renter and that's why there is a market.
Stop being radical, it does not help at all.
Plenty of capitalists believe that people like rentiers, i.e. landlords, are an abomination to an economy. You don't know much about economics, do you?
Then you don't know a lot of people nor know much about economics. Economics isn't separated from the rest of society, it exists within society. The world is full of capitalists who also have opinions on what is and isn't good and moral and know that people spending that money attributes to goodness and badness. For example, this is how taxes are often used, to incentivize good behavior and penalize bad behavior.
I think you need to spend sometime away from the internet and start talking to actual human beings around you, as you seem to be stuck in some weird anarcho-capitalist online bubble.
Ya. It sounds like they wanted to raise the rent to $3500 which the landlord clearly thought was being reasonable for this building. They bitched about it so the landlord raised the rent high enough to get rid of them.
Sounds like the gambled and lost. Instead of going to the news, they should have tried to negotiate back to $3500 or something close. Good luck now.
Except the price of food building materials renovation costs went up by about 100% where i live realistically. So a landlord isn't going to just take the fact that their 2500 whatever is now only worth 1700 whatevers.
If accepting a lease on a post-2018 construction, knowing that no rent control was in force, was reasonable then, it is still reasonable now. Live with your choices.
There is no obligation to enter into a tenancy knowing that the landlord can jack the prices up on a whim. There is plenty of choice – one can opt to move into a unit constructed before 2018 instead, or, in newer construction, one can make it a contractual condition of the tenancy to have an independently negotiated "rent control" in force.
To ignore all of that at the time and then cry about it later because the risk taken didn't work out is just plain antisocial behaviour. We invented contract law exactly to prevent these kinds of surprises. If you want to play some other stupid game instead, expect to win stupid prizes.
Exactly. To accept a lease on a property that you know doesn't have automatic rent control, and to not contractually obligate the landlord to long-term price controls in that rental agreement, is reckless. They took the high risk gamble and lost. Such is life. But to then complain that their high risk scheme, which was done to screw over other renters who are more careful, didn't work out is plain antisocial behaviour.
You realize that there's people living in these apartments right? You know there's a housing crisis right now that's fueled by housing investors from all over the world and shit like Airbnb and corporate greed, right?