Quote:
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Originally Posted by Nenshi
“But every day I get calls in my office from people who have been given no notice, a month’s notice, of 30, 40 per cent increases in their rent,” Nenshi added. “And nobody’s costs have gone up that much.”
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I really don't understand this quote. Why would rental prices be a reflection of the cost of the property? Am I not allowed to price my rental at the price that the market will bear? What do costs have to do with that?