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.

  • emergencyfood@sh.itjust.works
    8·
    1 year ago

    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.

    • PxtlEnglish
      42·
      1 year ago

      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.

      • MrMonkey@lemm.ee
        8·
        1 year ago

        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 brown poor 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.

      • Imotali@lemmy.world
        132·
        1 year ago

        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.

          • UndoLips@lemmy.world
            4·
            1 year ago

            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.