01-25-2017, 01:11 AM
(01-24-2017, 11:55 PM)DHLawrence Wrote: One problem is that the regulations on renting condos is a lot looser, especially when it comes to rent increases. They can do what they like, unless the province has finally closed that loophole.
No, but it's not limited to condos. Any building that was not occupied before 1992 for residential purposes (so new construction and conversions) is exempt from rent increase limits. I live in a 1999 high rise apartment building and fortunately my landlord always follows the rent increase guideline, but they're under no obligation to. For example, anyone who smokes in their unit gets an above guideline increase the cover the costs associated.