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West Mass Exodus Ahead! , Toronto Rent DOUBLES Overnight?! — $1,660 to $3,220

548 views · Published 6 April 2017 · 7:06 · Indexed 1 November 2026

Channel: Mike Martins · 2017 · News & Politics

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“I could see them bidding on rentals.”
— Mike Martins

Hey YouTubers, Mike Martins here with another Housing Crisis update, and this one is coming out of Toronto.
Imagine opening a letter from your landlord and finding out your rent is going from $1,660 per month to $3,220. At first, the tenants in this story reportedly thought it was an April Fool’s joke. It wasn’t.
The two-bedroom condo near Toronto’s Liberty Village was facing an increase of roughly 94%. The tenants were essentially given two choices: accept the massive increase or prepare to leave by July 1.
The important part of this story is Ontario’s post-1991 rent-control exemption as it existed at the time of this video. Certain rental units first occupied after November 1, 1991 were exempt from Ontario’s annual rent-increase guideline. That meant some tenants could face increases far beyond the normal guideline.
And this raises a much bigger question about Toronto.
We’ve spent years watching housing prices climb, condos become more expensive, rents increase and ordinary working people get squeezed harder and harder. But what happens when even renting becomes unstable?
Could Toronto eventually reach the point where people are bidding against each other just to rent an apartment? Could landlords begin asking whatever the market will bear because desperate tenants have nowhere else to go?
That’s what concerns me.
Housing isn’t just about investors and property values. People need somewhere to live. People need stability. They need to know that if they work, pay their bills and pay their rent, they aren’t suddenly going to receive a letter telling them their housing costs have practically doubled.
Toronto is changing extremely quickly, and I think we need to pay very close attention to where this is heading.
What would YOU do if your landlord suddenly doubled your rent? Would you fight it, negotiate, or simply move out? Comment below.

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