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>Slowly increase As someone who just got their second 50% rent increase in NYC (33% higher than pre-pandemic). When people wan't back, they wan't back, and the

• voisin 4y ago
  That’s a fair point. Are your rents allowed to go up that much year to year or are you moving and rents are increasing this quickly? In Canada, renter protection laws mean rents for a tenant that stays year to year can only go up by a maximum amount set by the government, usually around inflation (though significantly less than inflation in 2022). The only way to get huge rent increases is if tenants leave the next tenant will pay whatever is agreed to with the landlord which is not capped. Many landlords try to push long term, low paying tenants out in order to turn over the unit to a new tenant at market rates, but the same renter protection laws make that challenging.
  • gorbypark 4y ago
    Not always true, afaik in Ontario, if the building was built after 2018 none of that "maximum rent increase" stuff applies. Landlords can raise the rent to whatever they want.
  • kjkjadksj 4y ago
    A lot of cities have some rent control like this covering older buildings in the us but its shockingly politically unpalatable. People think it is better for others to be gouged on housing I guess.