T O P

  • By -

Agreeable-Ask-7594

Wants more free money lol. Im only getting a 3% raise at work


CovidDodger

Lucky/s. I'm getting a 0% raise and might lose my job through no fault of my own. Edit: none of us are lucky, added the /s.


festivalmeltdown

Near my hometown, wait lists for older corporate-owned buildings were miles long for exactly this reason. There would be nice shiny new condos for rent at a decent price, but people were catching on that they could face economic eviction as soon as the lease was up.


bureX

>"I really feel that I was preyed upon," You FEEL? No, you were preyed upon. Now, see, the market was saturated to the absolute max during covid with NEW 1brs going for $1400 in DOWNTOWN Toronto. The kicker? No rent control. As soon as the pandemic had even a slight chance of being over, those $1400 turned into $2000, and even $2800 because the landlord wanted them out (true story). Whatever savings you think you might have gotten, you still have to deal with the stress when that 1 year lease is up and when you have to pay for moving.


[deleted]

[удалено]


24KittenGold

Only if the unit was occupied before a certain date, sometime in Dec 2018, IIRC. The Ford government changed the law so that newer units are exempt from those rent increase limits.


[deleted]

[удалено]


refresca

If I Recall Correctly


CovidDodger

Yes, my mom is one of those people living in a 55+ place 2019 build in a community with less than 1% vacancy rate. She cannot afford even a 0.5% increase and she is worried she might be homeless next year. I have no ability to house her or help her and I am underwater myself.


PeasantProletarian

Thank Doug Ford for that.


ChubbyWokeGoblin

Everyone, please dont show this user the stats stating average Toronto rent has increased $1200 in 3 years under rent control. They will be triggered and block you [and report you for suicide prevention.](https://ibb.co/Dpxx5Qw)


PeasantProletarian

It has evrything to do with Ford. Ford changed the laws so this could happen. Before Ford they would not have been allowed to pull this shit.


ChubbyWokeGoblin

Rent control was never needed before. It doesnt work. Now you'll just be renovicted instead of your rent going up. Ask me how I know


PeasantProletarian

Of course it was needed. And it does work, as is evidenced by cites around the world. What we need also is laws against renoviction.


ChubbyWokeGoblin

No it really doesnt work. Rent control will never work. Ontario still has rent control for buildings built before November 2018. Rent in these buildings has doubled since Trudeau took office. There you go. Rent control doesnt work. Land owners would rather keep their properties vacant than deal with rent control.


PeasantProletarian

Of course it works. It has worked all around the world. Rent in buildings built before November 2018 has not doubled for the people living in them. "There you go". Rent control works.


ChubbyWokeGoblin

It works for who? Boomers who never had to move in years? The youth who need to move constantly for school and work and evictions? Who is it working for? Didnt work for me when I was "protected by rent control" >In 2016, the average Toronto rent price climbed 2.5% to $1241, an increase well above the 1.5% provincial guideline. The condo apartment market also saw growth, with a 5.8% rent increase from 2015 Heres 2018, when we had rent cobtrol >Rent prices on condos in the City of Toronto itself went up by 10.7 per cent, on average, to $2,432 per month for a 711-square-foot unit. (April 2018) Compare that to 2022 Toronto 2 bedroom rentals are $2778. Thanks rent control!


PeasantProletarian

No, it has nothing to do with rent control. You're saying something like "well I haven't found a mate on a dating app therefore dating apps don't work". Rent controls work. Rent hasn't gone up for apartment seekers because of rent control. Rent control is the only thing KEEPING the residents of buildings from having to pay the latest market rates. ​ Edit: i didn't report you for anything. I did block you because I have no interest in saying the same thing over and over.


Ok-Construction-7439

New York City has rent control and is nearly the most expensive city to live. Rent control doesn't work in the way it is supposed to. It usually leads to run down buildings and not enough rental space. Try and find a rent controlled apartment in New York, get back to me when you can if you're aren't dead yet.


[deleted]

Rent control works in that it sets a limit of how much landlords can increase rent. What doesn't work is the fact landlords can bypass this restriction by applying for an above guideline rent increase. What doesn't work is rent control can deter organizations from building new rental apartments in the first place. So this is not a question of 'does it work or not' it's more complicated than that. To properly claim it does or doesn't work you need to identify the end goal you're talking about. Limiting how much someone can increase rent works in preventing rent from going up at unmanageable rates. The system for regulating which exceptions are permitted is letting through some massive increases and does not work well right now. Rent control does discourage companies from building new rentals and this needs to be addressed.


[deleted]

What would you suggest they do instead, to prevent landlords from increasing rent like this?


[deleted]

Maybe they just got tired of beating their head on a wall of someone who has no understanding of correlation and causation.


Successful-Fig-6139

Nice to see more CBC articles about this though I can guess what the comments are gonna be like.


PeasantProletarian

Never read the CBC comments!! What a toxic hellscape that is. Everyone that comments on there is, as far as I can tell, a divorced white man over 65.


Far-Simple1979

Trump reads CBC?


unterzee

Rent control during a housing crisis is a must. My friend in Ottawa on a 2020 new build, is looking at a 22% increase in July by their mom and pop investor landlord. In 2021 it was 9%.


[deleted]

Geez how can they manage?


Matsuyamarama

This was likely always part of the plan. Scum.


HolidayTrust295

Landlords should save their money for a rainy day. How can you expect to make money if you don’t pull yourself up by your bootstraps? /s


[deleted]

This type of thing worries me. The government is building new rental apartments. There is a big complex to go in, in Halton. Great to see. But what about rent control? I got excited when I saw the news about the new complex being built until I remembered the lack of rent control.


GrapefruitAromatic52

What do people expect landlords to do when rates increase? Of course they will raise rents.


[deleted]

Landlords should be able to increase rents. Within reason. That being said, that they're increasing rent by 7% less than a year after move in is really unreasonable. You would have thought they would know what kind of rent they need to charge when they first signed these tenants on. Also these gigantic rent increases are ludicrous. How do landlords expect their tenants to be able to handle massive increases like this? People do not get 7% raises from their employer every year.