647
'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
326 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments
[-] EnterOne@lemmy.ml 3 points 1 year ago

Before I took economics in college I would have downvoted you. Price ceilings don't solve the problem.

[-] Rocket@lemmy.ca 2 points 1 year ago* (last edited 1 year ago)

Before I took economics in college I would have downvoted you.

Now that you have studied economics, what do you think he got wrong that keeps you from pressing the "This is factual" button now?

[-] ClumZy@sh.itjust.works 1 points 1 year ago* (last edited 1 year ago)

There are countless examples showing it works. Look up France for example.

[-] vacuumflower@lemmy.sdf.org -3 points 1 year ago

It's funny, somehow I managed to understand this before any college. Because supply and demand are supposedly quite intuitive.

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

Canada

7196 readers
492 users here now

What's going on Canada?

Communities

๐Ÿ Meta

๐Ÿ—บ๏ธ Provinces / Territories

๐Ÿ™๏ธ Cities / Local Communities

๐Ÿ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer

๐Ÿ’ป Universities

๐Ÿ’ต Finance / Shopping

๐Ÿ—ฃ๏ธ Politics

๐Ÿ Social and Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca

founded 3 years ago
MODERATORS
otter@lemmy.ca