condo rent toronto

Toronto condo residents shocked by massive rent hike

It's not easy to find an affordable place to live in Toronto, especially in popular neighbourhoods in and around the downtown core.

And while rental prices are climbing in general, a pair of tenants in Liberty Village were in for a nasty surprise when they recently got a letter detailing their annual rent increase.

As CBC News reports, the tenants got a letter from their landlord saying that rent on their two bedroom condo unit was increasing from $1,660 to $3,320.

While this might seem absurd, it's all kosher thanks to the lack of rent control (Bill 96) on buildings (and units) built or occupied after October 31, 1991.

Yesterday, as CBC notes, the city's tenant issues committee and the affordable housing committee held a joint meeting to address rising rental prices in Toronto.

At last week's city council meeting, council voted to support NDP MPP Peter Tabuns' Rent Protection For All act, which would bring rent control to condos and apartments built after November 1991.

Lead photo by

Mary Crandall


Join the conversation Load comments

Latest in City

Toronto rallies to save tiny kitten who was born without a butthole

Allegations of sexual assault and racism swirl at U of T Faculty of Music

Hundreds of naked people rode bikes through downtown Toronto this weekend

Toronto's watermains are quietly leaking more than a million litres per day

16-year-old boy stabbed during massive party at Toronto beach

Toronto police finally catch man behind more than 100 downtown car break-ins

The history of Markham's massive Cathedral of the Transfiguration

The surprisingly radical history of that church they built the Toronto Eaton Centre around