Quote:
Originally Posted by Sainters7
Not unexpected with inflation run amok, plus the building just got purchased by some Toronto company, but just finding out we're getting a 30% rent increase upon renewal. I get it for new renters to a building, but that's a fairly insane increase to existing renters. I'm actually surprised there's no cap on that provincially.
I definitely expected an increase, but 30% is wild. Someone would've lost to Billy Madison in Business Ethics...
EDIT: I can't do math apparently; 26%. Still wild
|
Our rental policies are so awesome, they’re being advertised to Ontario property investors!
Quote:
Originally Posted by calgarygeologist
I thought we had some sort of legislation in Alberta that limited rent increases to a much smaller percentage (I don't know what the number is though.)
|
Nope.