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'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a month (toronto.ctvnews.ca)
submitted 1 year ago by girlfreddy@lemmy.ca to c/canada@lemmy.ca
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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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[-] terath@sh.itjust.works 10 points 1 year ago

No it wouldn't. Here is a comparable: https://www.realtor.com/rentals/details/166-Amsterdam-Ave_New-York_NY_10023_M33265-52776?property_id=3326552776&from=ab_mixed_view_card

A three bedroom would go for $12k a month, but we don't even have three bedroom units here. Assuming this is a two bedroom it would probably be in the middle of the range given. So 7k-8k USD. But Toronto shouldn't be as expensive as Manhattan, NYC.

this post was submitted on 06 Sep 2023
647 points (97.0% liked)

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