The cost of housing in Canada is ridiculous!

Canada
August 29, 2023 6:21pm CST
My landlord puts the rent up every year. Normally I wouldn't have a problem with this as it was only allowed to be raised by 2% because of a rent cap. Recently, the province raised the rent cap from 2% to 5% of the monthly rent. Instead of my rent being raised $12, it will be raised by $45 on Feb 1st 2024! This is totally absurd.
18 people like this
16 responses
@AmbiePam (83860)
• United States
29 Aug
I’m sorry. My rent went up $20 this year, but the year before it went up $64, and I felt sick when I found that out. It doesn’t seem right that people can raise rent so much in one year. I would have thought a rent cap would have done better keeping the increase low.
4 people like this
@kaylachan (54409)
• Daytona Beach, Florida
29 Aug
The cost of living is insane!
3 people like this
@Dena91 (15561)
• United States
30 Aug
Sorry your rent will be going up higher than it normally does. I see friends on Facebook who are looking to rent places around here but can't afford them. 2 bedroom apartments goes for about $1800/month. Sad times we are living in when people can't afford to rent. No wonder there are more and more people homeless in our small community
2 people like this
@db20747 (43394)
• Washington, District Of Columbia
30 Aug
That's a big jump in rent!! Rents are going too high. They need rent controlled apartments and subsidies for some expensive buildings.
2 people like this
• Shenzhen, China
30 Aug
Sorry to hear that,I have rented an apartment many years before buying a house.My mood dropped down every time when the landlord told rent-rise to me.Can you move to another house with low rent,or you may negotiate with landlord,ask for less rent-rise,otherwise you will move to another house.
2 people like this
@RubyHawk (99441)
• Atlanta, Georgia
30 Aug
You can’t negotiate rent here. It’s sign a lease and pay higher rent or move out.
2 people like this
• Shenzhen, China
30 Aug
@RubyHawk ,Sorry about that situation,we can negotiate with landlord here,can reduce part of rent by negotiation.As if we can bargain about everything here.
2 people like this
@RubyHawk (99441)
• Atlanta, Georgia
31 Aug
@jefferson126 That’s good for you. I’ve never known it to happen here.
2 people like this
@MarieCoyle (25723)
30 Aug
Rents are ridiculous here as well. It’s very hard to make ends meet! I’m so sorry.
2 people like this
@snowy22315 (166900)
• United States
30 Aug
Rents are high everywhere. I really don't know how some people make ends meet honestly
1 person likes this
@Raine38 (12258)
• United States
30 Aug
It's not just there - rent here is also ridiculous. For the first time since my husband and I got together, we're renting a townhouse. We've always been house owners, now due to work we have to move and get a rental until we decide what area of this town and state we want to live in.
1 person likes this
@RebeccasFarm (81982)
• Wheat Ridge, Colorado
30 Aug
Oh my sorry to hear that..same here.
1 person likes this
@LadyDuck (451702)
• Switzerland
30 Aug
It is happening everywhere in the world. I have heard people complaining here because of the raise in the rent.
1 person likes this
@sallypup (56981)
• Centralia, Washington
30 Aug
That is a terrible blow for you. I'm sorry. I have my house paid off BUT have pretty hefty house taxes to pay by the end of next month or be fined and if not paid, after a time, the county would put my house up on auction. Not fun.
1 person likes this
• Canada
30 Aug
That sounds so unfair. You have to keep paying for it even after the house is fully paid off.
@WorDazza (15836)
• Manchester, England
30 Aug
Just be thankful you live somewhere that has rent caps. There are no such thing as rent caps in the UK. Basically landlords can charge whatever they can get away with and in a lot of the major cities, where demand for accommodation is high, being a landlord is pretty much a license to print money.
1 person likes this
@RubyHawk (99441)
• Atlanta, Georgia
30 Aug
Rent is so expenses here. Mine goes up every time I sign anew lease and I just signed a new lease.
1 person likes this
@Hannihar (128891)
• Israel
30 Aug
@Starmaiden That is a lot and that is sad that he raises it every year.
1 person likes this
@shaggin (71524)
• United States
27 Oct
Unfortunately the prices of everything have increased so much the landlord probably has a lot higher bills to pay for the place so that raised amount will cover whatever his expenses are too. I’m so sorry for you though it has to be hard to worry about that much extra every month.
• Indonesia
30 Aug
I understand how you feel. It is very annoying when someone raises prices above the reasonable limit, especially now that economic conditions are quite difficult since the pandemic.