'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a 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.
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.
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.
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 move into a unit constructed before 2018, or they can make a contractual condition of the tenancy that there be an independently negotiated rent control in force.
To ignore all of that and then cry about it later is just bad faith behaviour.
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