597
'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a month
(toronto.ctvnews.ca)
this post was submitted on 06 Sep 2023
597 points (96.9% liked)
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Isn't there another similar unit somewhere you could buy, then? You're right, it sounds like your landlord isn't serving much of a role here.
There is not. An equivalently sized apartment in my neighbourhood is on the market for $1.6M at least. Because the only things being built are "luxury" units made for investment, not housing people.
Also, I wouldn't qualify for a mortgage equal to my rent despite the fact I've been paying rent at that rate for nearly a decade.
And you think your apartment is worth a lot less? I don't know if I buy that, honestly, unless it's an absolute tear-down. I've played with markets enough to learn that there's never an easy shortcut.
Alright, I'm done being nice here.
Yes, it is worth less. I know because they just did a valuation of it a week ago. A mortgage on it would be affordable for me. I don't care what's "believable" for you. Fuck off.
Alright. You're either very lucky or wrong, but have a nice life.