LogFAQs > #944352694

The issue I have with landlords are short term investments so they sell to someone else and of course the next person raises the rent each year. My sister rents a bachelor condo in Toronto and her rent goes up each year and in like 2-3 years the owner of the pad sells to someone else. No different than a group of shareholders buying a small company and draining it to make money back then selling it to someone else. Eventually the company goes bankrupt or they have to like move it to Mexico. Sad really.

Being a smaller business or landlord you have the ability not to be greedy and raise rent each year just cause the going rate changed in your area long as you're still making a good return.

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