DrCaleb DrCaleb:
'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a month$1:
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.
$1:
Buildings built after Nov. 15, 2018 are exempt from rent controls. Meaning, landlords can raise the rent by any amount they want. The Ford government scrapped rent control for these units to incentivize developers and increase the province’s housing supply.
I wouldn't be surprised if the real incentive involves some quid pro quo.