647
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.

“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.

you are viewing a single comment's thread
view the rest of the comments
[-] Honytawk@lemmy.zip 31 points 1 year ago

If 2500 was reasonable back then, then it still is reasonable right now.

Unless gigantic upgrades were performed to the house that warrant a 1000 price hike, which I highly doubt.

Just because the market is fucked doesn't mean you get to make the market even worse.

[-] ddkman@lemm.ee 1 points 1 year ago

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.

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

Canada

7106 readers
492 users here now

What's going on Canada?



Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Regions


🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


💻 Universities


💵 Finance / Shopping


🗣️ Politics


🍁 Social & 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