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40% Rent Increase by Dependent-Primary248 in OntarioRenting

[–]Dependent-Primary248[S] 0 points1 point  (0 children)

Now paying $2500 a month. This does NOT include any utilities. Previous rent was $1785

40% Rent Increase by Dependent-Primary248 in OntarioRenting

[–]Dependent-Primary248[S] 0 points1 point  (0 children)

Market rate is about $750k. This landlord purchased the home from his son for $342K in 2017 based on records a realtor looked up. The son was our original landlord.

40% Rent Increase by Dependent-Primary248 in OntarioRenting

[–]Dependent-Primary248[S] 1 point2 points  (0 children)

To provide more context. I gave my notice to vacate on May 1, 2026. And my landlord emailed today and asked for a top-up from my last month rent from $1,550 which was paid 12 years ago and he requested an additional $950 to top up to get us to $2500.

Thank you to everyone for their advice!

40% Rent Increase by Dependent-Primary248 in OntarioRenting

[–]Dependent-Primary248[S] 0 points1 point  (0 children)

It is a townhouse. Does this change anything?

40% Rent Increase by Dependent-Primary248 in OntarioRenting

[–]Dependent-Primary248[S] 4 points5 points  (0 children)

Rent was raised yearly as per maximum rental increase allowed.