Two sisters were shocked when a Toronto landlord raised their rent by $7,000 per 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.

  • vacuumflower@lemmy.sdf.org
    22·
    1 year ago

    Except highers supply doesn’t bring prices to same level.

    If there are no artificial limitations to supply, and no demand growth, it eventually will. Eventually as in time of regulation.

    The only reason prices are 10 times bigger is because landlords ready to pay those prices.

    They are ready to pay those prices because their tenants are ready to pay the prices they, in turn, offer. Which means that they don’t inflate demand.

    Hahahahahhaaha. I’m not sure if you really think that way or only pretending.

    You are illiterate in economics. I really don’t get why do you think putting “laugh” in text would negate that.