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.
It shows that “no rent control” basically means “your landlord can throw you out at any time without notice” by raising rent to a ludicrous amount. It completely undermines all other tenant protections. Even conservatives should be supporting at least modest rent controls to prevent cases like this.
Most conservatives are middle class small business owners and landlords, this is why they are always supportive of “small government” it’s just a dog whistle for unregulated market.
They’re not generally cartoonish evil, I’m sure they agree that some tenant protections against sudden eviction are a good thing, and allowing unlimited rent hikes completely obliterates all that.
They’re not generally cartoonish evil
You really need to look at how they’re talking on landlord forums and such, the way they speak about tenants. Reality will remove this naive idea from your mind.
I hope you are tipping your landlord 20%
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From my experience most people don’t care until they’re inconvenienced in some way, so they won’t have an opinion on it so they wait until someone they rely on and trust to tell them how they should feel. I think we all know which entertainment network is going to tell them all about why rent control is ruining Canada/America.
This is Canada do people even get that network here?
Yes
Modest is what we had before. Never vote Conservative.
I think last year’s inflation spike demonstrates that “2.5% per year regardless of your carrying costs or maintenance costs changing due to interest rates and inflation” is not modest. A reasonable rent control policy would let landlords gradually adapt to market realities without giving them the power to gouge or de-facto evict tenants with sudden rent spikes.
I don’t know how this law passed but it should definitely be repealed
Ok, your rent is now $1 million. A month.
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Yes, rent control, our panacea.
Negative Effects on Supply: Rent control can potentially lead to housing shortages over the long term. When landlords are unable to raise rents to cover maintenance and operating costs or to generate a reasonable return on their investment, they may have less incentive to maintain or invest in their properties. This can lead to a deterioration in the quality of rental housing and a reduction in the overall supply of rental units. In some cases, landlords may convert rental properties into other uses, such as condominiums or commercial spaces, further reducing the supply of rental housing.
Inefficiencies and Reduced Mobility: Rent control can lead to inefficiencies in the housing market. Tenants in rent-controlled units may have less incentive to move, even if their housing needs change, because they want to keep their low rents. This reduced mobility can make it harder for new renters to find suitable housing.
Selective Impact: Rent control often applies to older buildings or units built before a certain date. This can create disparities in rent levels between newer and older housing stock, potentially discouraging the construction of new rental units and leading to further imbalances in the housing market.
A short term band-aid that causes long term problems. Government price controls are a tale as old as time.
Jesus, I’m getting it from both ends here, somebody else is dumping on me for suggesting that a rent-control system that’s a few points above inflation so that landlords could adapt to the market without abruptly bankrupting their tenants was somehow a reasonable compromise.
I’m not arguing for extreme rent-control policies, just that no rent control is bad because it lets landlords write their own eviction laws.
Peg it at like 2.5% or 5% per year above inflation and you can’t use it as a sudden backdoor eviction but you also let landlords adapt to market reality over time.
Capping rents might be stupid for all the reasons economists say, but putting a damper on sudden price shifts is just being humane.
The “humane” thing would be to make any and all rent seeking behavior very explicitly illegal, but that’s unlikely to happen.
So wait where do college students live in your world?
I think your second point is valid, but the first is upside-down. Landlords compete with tenants for plots and bank loans. If they started leaving the market, more plots will free up and banks will be forced to start giving out loans to tenants. This will allow people who are currently tenants to build their own houses, rather than needing to rent. And your third point only applies if you exclude some properties from rent control, which is what Ontario seems to be doing.
Uh, part of the point of the greenbelt is to stop building detached houses because they’re actually environmentally quite bad. I mean maybe individuals could work together to put together a co-op but Housing Now TO says that municipal governments generally block any of those that would pencil out.
I wanted to build a duplex but “zoning laws” say that wasn’t allowed, only single family detached houses with at least X amount of land.
Most zoning laws are serious bullshit and work as defacto segregation to keep the dirty
brownpoor people away from the nice good rich folk. It’s why suburban school is a totally different things from poor urban school.Zoning laws are why developers in LA can’t afford to build anything other than luxury condos. Land is literally too expensive to build. As an example: a requirement to have at least X parking spots per X units, even when it’s built right next to a metro and a bus depot and you’re building low income housing for people who are less likely to own cars in the first place.
Too many NIBYs whining about things.
part of the point of the greenbelt is to stop building detached houses because they’re actually environmentally quite bad.
If we’re being honest, all housing is environmentally bad. And not just environmentally bad, but bad for society in general. A necessary evil for the individual, perhaps, but it stands to reason that they should carry a high cost to account for the negative externalities they place on everyone else.
Landlords compete with tenants for plots and bank loans.
Not really. Landlords need tenants. If tenants would rather own, then there would be nobody for the landlord to rent to. Landlords serve those who prefer to rent. Of note, one reason people prefer to rent is a belief that the housing market is about to crash. With a lot of signs suggesting that is a real possibility on the near horizon, this is why rents have skyrocketed recently. Nobody wants to be the bag holder, so many more are, right now, opting to rent over buying in order to wait and see what happens.
banks will be forced to start giving out loans to tenants.
There is nothing that forces them to give loans to tenants. If landlords start leaving the housing market it is likely that credit offers will grind to a halt. The bank wants absolutely nothing to do with a security that people are running away from. Furthermore, the money leaving housing is apt to flow into productive businesses, which means that any credit that the banks are still willing to extend will go in that direction.
landlords serve those who would prefer to rent
If you honestly believe this then you are delusional. I’m sorry there’s pretty much no kind way to put it. This statement is that egregiously erroneous that it is so incongruous with reality so as to be delusional.
Oh, right. People only pay for things they don’t want. How could I have forgotten?!
For what it’s worth, surveys in my country repeatedly show that renters would prefer to own. But the market here is rough and banks are denying people loans even with a lower monthly payments than their existing rent.
I would think it is the same in the US, but most people here rent because they can’t buy.
surveys in my country repeatedly show that renters would prefer to own.
That does not mean they prefer to own right now. If you plan on moving to a new place in a few months, for example, it would kind of silly to buy only to have to buy again a few months later. You may prefer to buy, but the rational person would rent for a few months to bridge the gap, and then buy once they get to where they plan to stay.
And, given the current state of housing, with a high risk of it soon imploding, a lot of people would rather wait a few months, even a few years, before they buy to see what happens to the market. Again, preferring to own doesn’t imply right now.
The data shows a clear downward trend in price, especially in the traditionally desirable areas. If you have somewhere to rent, why would you choose to buy at this exact moment, knowing – with reasonable confidence – that a house will be cheaper in six months?
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It’s inevitable that any type of price control will lead to supply/demand issues. That’s great it worked out for you but it is well documented that rent control harms rental markets long term. Anyone who disagrees is in denial.
Nice ChatGPT copypasta, bro
It was a lot faster than writing it myself
Sure, but it’s irrelevant. There’s no economical rigor behind those statements. They could be true, they could be hallucinated.
Before I took economics in college I would have downvoted you. Price ceilings don’t solve the problem.
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?
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Landlords are parasites on society.
You can’t afford to buy. If not for landlords who would you rent from? Where would you live?
The idea that if there were no landlords you’d be able to afford a house is absurd.
I agree corporations should be limited in how many single.family homes they are allowed to buy but this whole "all landlords are scum ". Schtick makes u look pathetic and ignorant of the facts.When people trying to purchase their first home are outbid constantly by investors (corporate or not) who later try to rent out that same space at more than the first time buyer would be paying on their mortgage then no, you daft idiot, they are not providing a service.
This whole lAnDlOrDs ArE oUr FrIeNd shtick makes you look pathetic.
News flash dude. Way before all this increase when rates were low and there were tons of houses on the market I was trying to buy a first home and was outbid constantly by realtors who had more money and connections. It has never had anything to do with landlords per se.
If you dont think landlords are providing a service then you’re the idiot. No one is making you rent from anyone. I joined thought it was worth the space for the money no one would pay it.
News flash dude, it was wrong then and it’s wrong now, period.
If you think for profit renting is superior and less predatory to public housing, a successful model used in countries all over the world, and used to be successful in this country before the Conservatives and Liberals killed it in the 80/90s, then you’re an idiot.
No one is saying the empty nester with the basement suite charging an affordable price for the unit is in the wrong. The one’s that are in the wrong are the corporations and individuals who are buying up properties for their own personal gain at the sake of those around them who did nothing wrong other than being unlucky wth market timing. The ones in the wrong are the politicians who have lied to their voters into believing that for profit corporations are the solution to public services like housing, healthcare, and transportation, and the voters who have buried their heads in the sand and refused to listen to reason because they are scared of admitting they may not be right 100% of the time and would rather watch the world burn than change.
If you can’t understand this then again, you’re a fucking idiot.
I never said any of the things you claim I said…lmfao. who are u arguing against cuz I didn’t make any of the points u claim I did.
I never said anything close to what you assert in your first paragraph.
This is called a strawman. And you really beat him up…lol.
I never said any of that. What are you talking about?
You wrote it. You can’t re-read it?
The idea that if there were no landlords you’d be able to afford a house is absurd.
Where did I say landlords are your friend? You’re not all there mentally are you?
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If not for landlords who would you rent from?
public housing is a thing, you know
If you have a crack addiction it is
I spent some of my formative years in public housing. It was definitely a bit more sketchy than the privately owned homes across the street but all in all it was a fantastic way for me to get my feet under me as a student and young adult. That’s exactly what scores of young and also not so young people desperately need right now
No one pays taxes to support that tho. I’m all for it. Go ahead.
public housing doesn’t require tax money. It is often facilitated by it, yes, but don’t act as if the rent is necessarily sponsored by the government just because public housing isn’t designed to extract the maximum amount of money from the renters. There’s plenty to criticize about public housing without resorting to falsehoods
The reason so many can’t afford to buy is because so many houses are bought purely to be rented back out again, if no landlords existed housing prices would drop and more people could afford to buy.
For those who still couldn’t, as others have said - public housing
It’s not that, it’s purely supply. Landlords are a proxy for tenants, whether willing or unwilling, in the housing market when it comes to demand. They are no more interested in driving up housing prices than owner occupants are (which is to say, the vast majority of both are interested in driving up housing prices). The catch is, you can’t drive up housing prices in a market where there isn’t a supply constriction. Build more housing where people want to live, and you won’t have to do anything else for the problem to fix itself.
I mean this is patently false. Even when there were huge housing surpluses and rates were rock bottom people still rented. Sometimes even when they could afford to buy.
Sure now large corps have gobbled up the supply but even if they sold everything and tons of houses were on the market there would still be renters. And those renters need landlords.
Well yes, hence my last sentence - there will always be some people who have to rent (or just prefer it), and for those people, we could have public housing. Basically housing that’s treated as a public infrastructure - run not for profit, but for public good. It’s really not that hard to grasp - remove the landlords from the equation, and set the rent prices to exactly the cost of maintaining the properties.
If you remove the landlords leeching away extra value for investment profit, and instead just charged what it cost to make the housing available, it’d be cheaper by definition. Providing essential services at an affordable cost is literally the whole point of civil infrastructure
You don’t need landlords to give people a place to rent, in the same way I don’t need to pay someone to bring water to my house, or haul my sewage away, I use the public utilities in my area. And I’m not even talking about subsidizing the cost with tax dollars (though I think that’s a good idea), you could give renters significant savings simply by not trying to make money off them
No one wants to pay for any of that ever tho. You’re talking about massive infrastructure costs which sure on average is cheaper but good luck getting any gov to agree to the cost and maintenance. Idk about Canada but public housing in the US sucks.
No one wants to pay for any of that ever tho
Pay for what? Again, I’m not talking about subsidized housing here, just at-cost rentals. The only people paying are the renters, they’re just paying significantly less because they’re not funding some random person/corporation’s no-effort-required retirement plan.
Idk about Canada but public housing in the US sucks.
I’m in the US, and idk where you live but public housing in my area is both high quality and super affordable (granted I live in a very liberal state, where such things are given priority). The only issue is that there isn’t enough of it, but that would be solved if we switched to public housing for rentals instead of landlords. If your area has “sucky” public housing, you should advocate for improvements in your community and vote for local policy makers who will prioritize it.
You seem to have this odd insistince that you can’t possibly have rental properties without someone leeching profits off the top of the whole deal
Do you not realize that buildings cost money? That has to come way way way before a single dime of rent is collected. You act like rents collected from tenants equal the cost of the building immediately.
So again, where is the money coming from in advance to build the housing??? You only have one option. You keep pretending otherwise by creating a crazy unrealistic situation.
Works pretty well in my country. The issue is that there aren’t enough of them these days in a couple of the biggest cities but they are building more every year. They are well-run and pretty great in other ways too.
If not for landlords who would you rent from?
If not for landlords who would suck all supply?
If not for landlords who would you rent from?
I wouldn’t be renting. Landlords solely exist to make profit, not to serve anyone.
You replied to wrong comment
Public housing. That’s where you rent it from. Landlords serve no purpose in society that can’t be solved in better ways.
For example, I would gladly purchase my apartment. The rent that I pay would be roughly equal to mortgage payments on the approximate value of the unit. But instead I’m stuck paying that amount so someone else can own it. Just cut out the parasite in the middle.
Social housing should not exist.
Sounds like you’re saying you can buy your own house. So go do it.
Wow I never thought of that. It’s almost like people treating housing as an investment portfolio, corporate landlords, and greedy developers have made all the housing around me completely unaffordable.
On top of that, I wouldn’t qualify for a mortgage of that amount, despite the fact I’ve been paying the same in rent for nearly a decade.
Landlords provide housing the way scalpers “provide” tickets. The solution for people who need can’t afford to buy or who only need short term accommodation is public housing.
The CMHC used to provide funds to the provinces which would then build big public housing units with affordable rent. This provide a check & balance to the free market, keeping rents and house prices from skyrocketing. But then in the 80s and 90s, both Conservative and Liberal PMs successively defunded that aspect of the CMHC to solve budget issues, and those properties were destroyed as they reached their “maturity” date, regardless of whether the building was still usable or not.
I lived near one of them, located here: https://maps.app.goo.gl/SG2kkXeVsp3Nia2RA Check out the street view and click “see more dates” for 2012, that’s housing for 90+families. Then in 2014 it was closed for demolition. And today it’s still an empty grass lot. Almost 10 years as a Govt-owned empty lot, instead of affordable housing, because those Govts kept promising “market solutions” to housing problems.
But it turns out the “problem” with housing was letting the “free market” turn it into another Tulip Bulb craze, instead of keeping it an affordable necessity
Please tell us more about how the types of people who decide to jack rent up to absurd levels when given the slightest push back are actually a good thing for society.
I never said this. This is the definition of a strawman.
I’m surprised you’re getting downvoted so heavily here, they’re literally arguing a point you didn’t make.
Lotta justified anti-landlord sentiment is overflowing the barriers of nuance and creating a flood of “everything should be free in a perfect society” quasi-marxism.
if not for landlords who would you rent from?
“We’ve tried nothing and we’re all out of ideas”
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Decomodify housing. Like tax owning a home past like the 3th one so high it would destitute someone as rich as Musk in a month. Watch everyone who uses property for investment panic sell and crash the market into oblivion. The people who want to own a home can now do so and the rest can be bought up by the government for cheap to convert into public housing. Ez affordable housing and renting in one swoop.
Ok. I support this.
So I’m a big fan of reducing landlords (especially big corporate ones), but aren’t you worried about what happens to all the people that bought a house to live in with your plan? If my house halved in value I’d be well fucked, the house losing value won’t make my mortgage go down unfortunately.
Edit: I guess I crossed a threshold in that comment which puts me in the “landlord sympathiser camp”, which is far from the truth, I’m not too surprised about that though. Look, my preferred option is annihilation of capitalism, but just crashing the real estate market without doing anything else about the system itself would be devastating for a lot of common folks, not just through housing prices but all the other economic effects it would have.
I own my apartment too and if its value dropped to zero it would have no effect, I would still be living in it with no change.
Something should probably be done about housing bought with loans but even if it isn’t anyone who bought a home to live in will continue to do so, it’s value being pretty much irrelevant.
There is a change which is that you can’t move anymore, better hope you chose that house really well and never need to move ever again (which is extremely unlikely for us and I would think for most people). Not to mention the sheer insanity to be paying monthly for another 25 years for something with no value.
It might be frustrating if the value of my home dropped after buying it, but I don’t imagine it would mean I couldn’t move. I sell my current home for a lower price, but wouldn’t that be okay because the price of the house I’m buying is also lower now? (/gen curious, I don’t know a lot about this topic lol, just thinking out loud)
If you’re “underwater” (your mortgage is higher than the value of the house) then yeah you’re stuck unless you want to pay off that difference. That happened to friends of mine after 2008. If you own the house outright then yeah it matters less.
I’ve NEVER met a landlord who had low prices, just government subsidized low income housing. Even large real-estate companies/ banks tend to offer better prices. Landlords fucking suck. Investing in a house, is like “investing” in water. You’re just spending money to increase demand and make money, on SOMETHING PEOPLE NEED TO LIVE.
You can’t afford to buy
Because landlords are buying all the properties?
Found the landlord. If not for tenants, who would you and your estate agent squeeze for every possible cent, cutting every possible cost along the way so you can more horde wealth, buy more homes and get fat at other people’s expense.
Nobody that wasn’t bleeding renters would try and look reasonable by saying “corporations shouldn’t be able to own too many houses”.
The people complaining are not the ones who should be ashamed.
Yep, the house I got lucky on and am saving for my kid to move into in a year makes me scum of the earth.
Correct😎
Lol. What a shit take. What is my kid supposed to do for a house? Pay market price in a year? How does that solve the supply issue again???
I love how you guys are just reactionary and don’t ever think any steps ahead about what the result of your propositions would be…just landlord bad. Free house good.
I’m a huge supporter of social welfare programs and limiting the num of houses ppl can buy so if u think I’m the enemy, buddy you’re fighting the wrong battle.
Why can’t your kid just pay rent? You made renting sound so cool.
We don’t need Capitalism any longer. We can do better.
I don’t disagree but what we need is stability. So far capitalism has given the US that. If you’re proposing a different system fine just make sure that while we move to it the perceived wealth of the country doesn’t take a hit and after it is implemented do the same.
I don’t think it is possible from here. What we really need is loads more regulation and Corp criminals going to prison to start.
The US was never stable, and I don’t agree either that Capitalism is.
Largest gdp and arguably most stable economy of scale on the planet what are you talking about?
See this is what I’m talking about. Just devoid of realityCoal Wars, Conscription, Red scare, Segregation, Civil Rights Oppression, Violence, Drug War, international chaos and war.
What are you talking about?
Do we not have a stable economy? Are u kidding rn? Name one that is doing better.
Capitalism is the only reason you exist.
They said, not even knowing where I’m from. There are people who would be dead without Soviet Authoritarianism.
And somehow that’s not what I’m advocating.
A LOT MORE people would be alive and well without Soviet Authoritarianism or any other flavour of socialism/communism.
Still not what I’m advocating.
Lol Chairman Mao is proud of you!
Yes, the only two options are capitalism and full on Chinese dictatorship communism.
You misspelled Chinese dictatorship capitalism
There is also Soviet communism, Cuban communism, and North Korean communism. I’m sure one of those countries will happily welcome you with lovely high quality public housing.
I own my home. I’m just not a scumbag leech on society like you guys.
Do you think you’ll get to keep your house under communism?
Mao thought that he could catapult his country past its competitors by herding villagers across the country into giant people’s communes. In pursuit of a utopian paradise, everything was collectivised. People had their work, homes, land, belongings and livelihoods taken from them. In collective canteens, food, distributed by the spoonful according to merit, became a weapon used to force people to follow the party’s every dictate. As incentives to work were removed, coercion and violence were used instead to compel famished farmers to perform labour on poorly planned irrigation projects while fields were neglected.
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The geniuses on this site think that if the government is your landlord then you don’t have a landlord. Basically they want a form of communism. Public housing has it’s place but as someone who has rented in the past it’s not the sort of housing I’d choose unless it’s a last resort.
In any case, VERY STRONG DISAGREE that the only rentals should be government run or co-ops.
Attacking landlords is textbook communism. Straight by the book. The red guard is in full force on lemmy.world.
Landlords were one of the biggest targets of the classical economists. Mill, if I remember correctly, had some choice words about them.
I mean I get the hate to some extent. I’ve been on both sides of this coin so I can see how both sides feel squeezed.
Some are good, some are bad just like everything in life.
This isn’t an attack on a specific landlord though, it’s a variation on the Land Reform Movement. Except instead of country land for the revolution it’s city properties to be used for 15 minute cites.
My point is that large corporations are the issue not someone with an extra house or two.q
Gobble Trump’s cock.
Same thing is happening to me right now (UK). LL inherited a portfolio of mortgage-free properties a few years back, immediately jacked the rent up on them all. I tried to haggle what imo was an egregious rent increase (notified middle of the year after asking for a minor repair), we agreed on a price then he served me notice to quit; via the letting agent, not a peep or thanks from the LL after I’ve put ~£90000 into his familys’ accounts over 13 yrs.
Of course, I can pay someone elses mortgage, but when I apply to a bank for one myself, I can’t afford it.
I can pay someone elses mortgage, but when I apply to a bank for one myself, I can’t afford it.
But when you can’t afford it any longer, the landlord is free to replace you with someone who temporarily can. That’s the difference!
Bank can’t do the same thing?
This is what I don’t get. Where’s the risk for the lender? If I can’t pay, they get the house and can sell it. I guess there’s a potential cashflow issue but the underlying asset isn’t going anywhere.
No
non-artist-based pOrTfOlIos should be criminalized
Why? In a non-artistic sense it’s just a pretentious way to say “stuff you own”. (Unless you’re saying owning things at all should be criminalized, in which case… can’t really argue with you there.)
Here in Norway ut is illegal to raise rent more than once a year and maximum by the current consumer price index. If the rent isn’t raised a year you don’t get to raise for that years CPI.
There is a similar rule in Ontario, but it doesn’t apply to buildings built after 2018.
This exemption was put in place as an incentive for more rental units to be put on the market (or to enrich developers and landholders, depending on your political stance).
It’s frustrating that that’s a fixed date, instead it should be a floating date of 5 or so years.
The fixed date creates a weird scenario where the controlled supply is limited but the uncontrolled supply isn’t, which allows gross pricing disparities to arise and allows old-building owners and new to abuse their tenants (for old: you can’t afford to leave, for new: good luck getting a cheaper place, they’re all full).
A floating rent-control date balances things: developers only get to be greedy for so long, the supply of controlled housing is increases so pricing is more even, and landlords will want good relationships with tenants when they know they’re going to get “stuck” with them in a rent-controlled scenario.
A floating rent-control date
… is still a bad idea. Let’s not focus on what kind of bat we’re beaten with; let’s just get Ontario back on track.
I’m not sure that works. The idea was that if rent control was lifted, there would be incentive to build new units. Trouble is, the building didn’t happen as expected. New housing starts even declined after the change came into effect. Balance is not going to give more incentive to build.
Since it didn’t work, we may as well go back to a proper rent control system. A proper one, not the completely ridiculous one that sees young, struggling families subsidizing rich retires that we currently have on those <2018 properties.
Any date is a bad idea
There is no limit to yearly increases in the real world. You get a phone call from your landlord telling you that they want to sell/renovate the unit, you get the hint and tell them that you will accept a rent increase, then magically they no longer want to sell/renovate. Happened to me with an otherwise “good” landlord.
In the Netherlands they can sell, but the renting agreement stays in place, so you can just stay there. If they want renovate they can offer to buy of your contract or they have to find you another apartment with equal facilities and for the same price range. A lot of these excesses can be covered by good legislation.
Renter protection is very strong in the Netherlands, probably one of the strongest in the world.
Used to be that squatter rights were also very strong but I believe that has reduced now.
It always feels like the countries in that region go out of their way to put every roadblock they can in front of pathetic little schemer pricks who only want to rob everyone of every penny. Here in the US, the politicians go out of their way to make sure there’s every possible loophole for corruption and morally bankrupt pieces of shit to abuse.
A lot of these excesses can be covered by good legislation.
So we’re fucked, great.
It’s similar in Quebec. Unfortunately this is only enforced by informed renters, so landlords often raise it much more than the allowed amount when someone moves out.
In Norway you can set the rent as you wish when negotiating the initial contact. So it doesn’t matter what the previous tenants rent was. But the raise cap per year is set per year after that as long as the contact is valid.
This exact same thing can happen in Québec with appartements less than 5 years old, the infamous F part, In Montreal a LL can increase your raise from 2500$ to 9500$ if he wishes.
Yes, just read a bit more about this. That’s insane
When I lived in Quebec they raised it like 8%, and my boss told me to appeal it. As an American it blew my mind I could say no. They ended up being allowed to only raise it 4%.
We need an official rental price registry, managed by the TAL so that new renters have access to the rental price of previous tenants.
This used to exist in Ontario but the Conservatives removed it for anything built or renovated after 2018. Canadians need to learn to never vote Conservative.
It’s pretty much the same in Denmark
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Name them and shame them.
Regardless of who is in the right or wrong here, please don’t post personally identifiable information if the source is not public.
While it’s important to push for justice and fairness, there’s a distinction between advocating for fairness and doxxing / calling for mob justice. We don’t have formal rules for this stuff yet, but use your best judgment and report any comments that veer into harmful territory.
I’ll try to post a discussion thread on proposed rules sometime in the future, but this seems like a good one to bring up in the meantime. Feel free to share thoughts, and thank you :)
Maybe not here, maybe not us. But that landlord’s name ought to be made public by the media.
That’s fair yes :)
Before mobbing the landlord, it would be a good idea to know what’s the real story behind this. Maybe the sisters were assholes. We don’t know that.
Found the landlord
Haha, I’m not! But I would be intrigued to know what’s the real reason behind the landlord’s move. I know we like to believe that all landlord are assholes but let’s love in reality where nuance is everything shall we ?
No landlord is a good person. The sisters, even if assholes, doesn’t excuse the fact that the landlord is also an asshole simply by being a landlord.
Are you like 5 years old?
I’m 5 years old because I think being a good person and being a landlord are mutually exclusive? What’s your reasoning?
Not that guy but: your reasoning in terms of economics shows the nuance and depth of a toddler, therefore you’re either 5 years old or a commie.
Answering their question clears up which one it is.
Plenty of capitalists believe that people like rentiers, i.e. landlords, are an abomination to an economy. You don’t know much about economics, do you?
I know no fucking capitalist would bring “being a good person” into a conversation about economics, which you clearly don’t, so…
Ok, no landlord are good person. What kind of argument is this ? Like, literally? I know some are asshole ? But some a very kind and appreciative too? What’s your point ? No one should be allowed to rent their property ever ?
You’re trying to pretend landlords only exist in a vacuum instead of in society where people can’t afford the necessities for basic survival. Landlords play a huge role in making sure housing prices are above a “natural” level, all while contributing no productive value to society. There’s a reason why plenty of capitalists are against rentiers.
My position is like the most nuanced in the world while.yours is the most radical. Landlord maintains their assets while the renter does not have to think about it. That’s the benefit of being a renter and that’s why there is a market. Stop being radical, it does not help at all.
It doesn’t really help the case that they show a picture a sky line dream apartment, but still that price is ridiculous and obviously there to drive them out.
The top 0.01% laughs as you nibble at the heals of the top 1%
Does that mean the landlord has to charge the next tennant that rate, or was that a special rate just for them? Can they charge different rents fir different people based on whether they like the tennant?
I was wondering thia too. Without control, they can probably just lower it again once the tenants leave.
Fuck Canada, more than half of Canadian politicians are fucking landlords and this is why they allow these abusive and scummy laws to stay, no rent protection, fuck this country.
When escalation of this magnitude is your solution, you shouldn’t be surprised when your clients respond with violence.
This absolutely should not be legal
Why?
In both the Western countries I’ve lived so far (France and Italy, but my guess is the list is much longer), this wouldn’t be possible.
The landlord could at most adjust the rent to inflation.
The only wag he/she could ask for such a steep increase is by making a brand new contract with someone else, but for that purpose the current contract should be terminated, which isn’t possible if your occupants are paying their rent, unless he/she wants to re-take possession for selling the apartment/house or to live in it. If they fake the repossession and actually end up renting again to an inflated price, the new contract is deemed void and the previous occupants could be reinstated.
In my province on Canada this is illegal. I’ve taken landlord to the rentalsmen who tried pulling illegal rent increases and won before.
It makes any other sort of renter protections moot if they can basically be evicted whenever by saying the rent is now $1,000,000 take it or leave it.
Well they can just purchase their own property and not have to pay rent, right? If someone raised the rent to $1mil I don’t think anyone would live there, it’s a free market no?
The point of raising the rent to ludicrous amounts isn’t to actually get that amount, it’s to get rid of your tenants which usually have protections. This is just a cheap way around those protections and a loophole that should be closed.
No one should answer you seriously, because that the most braindead question I’ve read.
Sounds like you’re mad
Mad because of what?
I’m not sure but I hope you feel better.
Because people need housing to live in, so it’s in the interest of the vast majority of people to make sure the few that own property can’t increase rent by 100s of % for no good reason. Additionally we live in a democracy so usually the interests of the majority are supposed to guide policy making even if it upsets the minority that control access to resources because they won’t profit quite as much as otherwise.
Is there anything holding them back from buying their own property and not having to pay rent?
Yeah they are not rich you asshole.
Didn’t know you had to be rich to buy property, my bad
You do in Toronto. Average home is over a million dollars.
Well they can live somewhere else right? You have to pay for convenience, can’t have your cake and eat it too.
Found a landlord
Exactly the same problem in Québec, buildings 5 years or less have no law nor rent control, so it’s free for all for the landlord to raise a rent from 1500$ to 4000$ as he wants.
I wonder if there are information or anonymised statistics regarding the portion of elected representatives, senators and members of the judiciary from municipal, provincial and federal bodies/institutions that own more than a property (principal residence).
How many properties? What type of properties (from residential single family to high rise residential appartments/condominium, from empty/rundown/abandoned farmhouses/buildings to unused farm/land, etc…) What purpose do they have for those properties? Do those properties generate some kind of revenue? If so, how much? How is the revenue generated?
While thinking about it, how much of all properties in Canada are tied up behind a corporate veil by companies/fondations/trusts and various legal entities? Are there statistics on that?
There are too many unknowns and legal protections behind those unknown to be able to make a clear picture of the housing crisis.
I don’t want the scapegoat excuse of too much RED TAPE to build new housing or that IT’S THE IMMIGRANTS and the FOREIGN WORKERS or FOREIGN INVESTORS/SPECULATORS took all our housing. That’s too easy of a excuse to avoid the real and difficult work of understanding this whole mess.
I want real data, not proxy data. Full information on every transfer of property; from whom to whom, by which financial institution, for exactly how much, timespan elapsed between transfer of ownership, who is the mortgage holder if a loan is involved, renovation details if there has been any, every inspection report and details should always be public and attached to the property for the life of the property as a historical snapshot of the property, etc…
It’s not that hard to implement these data gathering services but there are always deeply vested interests that would do everything in their power to discourage such endeavors and make up any excuse to avoid providing it.
Anyways, sorry this became a long rambling rant on my part.
It’s disgusting that we have to deal with this kind of shit in CA or the US. Even worse are the ghouls conspiring to jack up rates for renters by purchasing large amounts of housing then jacking up rates in coordinated manners. https://arstechnica.com/tech-policy/2022/10/company-that-makes-rent-setting-software-for-landlords-sued-for-collusion/?comments=1&comments-page=1
This shit should be so illegal.
And what if we grind out all those numbers and there’s nothing magical? What if it really is just supply and demand?
Then you have become the first person ever to find the fabled Golden Goose who shits out money for the rich, no strings attached.
So the golden goose is just “have something people need and there’s not enough of it”?
By the looks of it, Toronto might get worse than Vancoucer for rent prices very soon.
Damn I didn’t realise the Ford government weakened it to 2018 and before. Reminds me of a lot of US states, although they have a cutoff in the fucking 70s sometimes
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Only if the place you are renting was built before 2018.
You should read the article
Not sure why you are down voted. If people know why this limit is not viable in this case they should tell. Us.
From that person’s link:
The guideline applies to the vast majority – approximately 1.4 million – of rental households covered by the Residential Tenancies Act. It does not apply to rental units occupied for the first time after November 15, 2018, vacant residential units, community housing, long-term care homes or commercial properties.
Because they can’t bleed their tenants dry otherwise.
It’s not enough to have someone else paying your mortgage for you, you need to be cashflow positive each month as well.
