[giarc]

How does this happen? Rent increases in Ontario are capped. Here is the limit for 2025.

>The rent increase guideline for 2025 is 2.5%.

>The guideline is the maximum a landlord can increase most tenants’ rent during a year without the approval of the Landlord and Tenant Board.

https://www.ontario.ca/page/residential-rent-increases

[mcpherrinm]

Rent control doesn’t apply to newly constructed buildings

[giarc]

Ahh nevermind, I didn't RTFA.

>The provincial maximum on rent-controlled apartments last year was 2.5 per cent, but Sharpe’s building has no limit because Ontario Premier Doug Ford removed controls on any rental units built or occupied after November, 2018.

[analog31]

It also doesn't apply to renovated apartments. My daughter, who lives in Toronto, told me the term is "reno-viction."

She also pointed out that virtually all of the grocery stores in Toronto are owned by one company.

[mcpherrinm]

Rent control does still apply after a renovation, and the renter has the right to move back in after renovations are complete.

But of course this isn't practical for many people, as they'll need somewhere else to live, and the landlord can drag out the renovation as long as they want to. The landlord does have to give you 1-3 months rent, but if you're in a rent-controlled apartment, that may not cover your rent elsewhere. And of course some landlords aren't going to follow the rules, and many tenants don't know their rights.

Demolishing the apartment building and building a new one gets around this too, which is common when a small building is replaced with a large tower. The new building won't have rent control.

Details on the rules are here:

https://tribunalsontario.ca/documents/ltb/Notices%20of%20Ter...