Mastodawn

Victoria Stuart 🇨🇦 🏳️‍⚧️Sep 5, 2024

Toronto tenants fight rent increase, argue landlord QMW Corporation using it to cover redevelopment costs
https://www.cbc.ca/news/canada/toronto/tenants-fight-agi-cover-cost-report-sell-develop-bu-1.7313349

* tenants fighting above-guideline rent increase
* 1/2 of it covering environmental assessment
* typically used to help landlord sell/redevelop property
* claim: landlord QMW Corporation using AI to recover costs associated w. future redevelopment

#Canada #AffordableHousing #CorporateGreed #capitalism #AlgorithmicPricing #DreamUnlimited #QMWcorporation #developers

Toronto tenants fight rent increase, argue landlord is partially using it to cover redevelopment costs | CBC News

Tenants in a Toronto apartment complex are fighting an above-guideline increase (AGI) to their rent because nearly half of the expenses that the increase is supposed to cover stem from an environmental assessment of the land generally used to help sell or redevelop property.

CBC