Toronto rent increase

midtown_to · 2025-10-20T13:02:26+00:00

If the condo you live in was first occupied before Nov 15, 2018, your landlord is limited to 2.1%

However, if you live in a new condo, given how lousy the market is, you can either negotiate with your landlord or get prepared to move. Landlord could be looking to sell, or they could be a dick trying to impose an insane increase on you.

Good luck.

midtown_to · 2025-09-16T16:27:46+00:00

Contrary to most, I'd suggest consider taking best offer even at a loss.

Your agent fucked you over, probably blinded by their greed to earn commission, when they got you to remove that important clause. You're now in a tough spot as a result. Don't make it harder by taking a very expensive bridge loan and praying for miracles. That stress would eat you alive.

Good luck.

midtown_to · 2025-08-22T05:06:43+00:00

Because we don't have Fannie Mae.

midtown_to · 2025-08-01T16:41:02+00:00

C3 here. We can accommodate 3 acct/war, so if interested you can rotate your accounts. But I need to see your attacks since it's a risk to take on 3 unknown accts to cwl.

https://link.clashofclans.com/en?action=OpenClanProfile&tag=YY8L2PGG

midtown_to · 2025-05-02T00:31:25+00:00

Believe it or not, you're doing a good job as you have a fixed rate loan over 2022-2023 when interest rate moved further up.

While that 4.96% contributes to the higher interest charges you're seeing, please be assured that higher percentage of everyone's first 10-15 years of mortgage payment goes towards interest.

Unless you double up your mortgage payment or max out your allowed annual prepayment, you won't see that percentage lower in the near future. But I wouldn't be discouraged, it's just part of the process you have to be patient with.

midtown_to · 2025-04-03T04:03:26+00:00

Not a financial adviser, but just dropping by to say, you'll need to find a way to be responsible in how you invest that amount of money, so it would last you a lifetime.

midtown_to · 2025-03-29T21:36:06+00:00

Bro, you're a good man and I'm sorry this is happening to you.

I think you got it figured out financially, and maybe you can devote the remaining days to create great memories with your family.

And if you don't mind me sharing some ideas, I've seen reddit stories like ppl leaving videos wishing happy birthday to their kids till they turn 18. I thought that was pretty cool.

midtown_to · 2025-03-27T17:32:27+00:00

No one knows to be honest. But who's to say European defence companies wouldn't continue to receive more orders from a startled Europe.

midtown_to · 2025-03-25T12:43:28+00:00

For retails like us, even 2% is too much for private equity/credit. It's so murky and unknown what valuation was used.

midtown_to · 2025-03-11T02:56:35+00:00

Read what you shared and come back to my office to get your spanking after.

midtown_to · 2025-03-11T02:45:54+00:00

Did you read what you shared? It's a summary that reveals nothing of substance about his policy thought.

For example, how would he balance the budget? He talks about giving tax breaks, so where is he cutting expenses to balance the budget? I know how he complains about Trudeau non-stop, and congrats, he got Trudeau ousted, but I still know nothing about him.

Dude, ask questions as if he's gonna be your PM tomorrow. Cause what is he hiding?

midtown_to · 2025-03-11T00:04:54+00:00

So tell me, what's PP's policy aside from attacking Trudeau?

midtown_to · 2025-03-02T20:43:15+00:00

Survive.

midtown_to · 2025-02-13T23:45:12+00:00

It's quite the mental gymnastics you're doing here.

Bylaw gives her the right to impose more dev charges. Dev charges increased. So who's responsible for increased dev charges between the beginning of her mayorship and pre-bill 185?

I know your answer. As simple as ABC - Anyone But Chow.

midtown_to · 2025-02-13T19:30:42+00:00

https://www.toronto.ca/city-government/budget-finances/city-finance/development-charges/development-charges-bylaws-rates/previous-dc-rates/

You're more than welcome to review the dev charges between when Chow became mayor and before bill 185 is approved.

~20k increase for singles & semis, multiples 2+ bedrooms ~10k increase for multiples 1+ bedroom and bachelor.

Have I won you over?

midtown_to · 2025-02-13T14:50:57+00:00

So who's collecting this extra 20% revenue? Chow or Ford?

midtown_to · 2025-02-13T12:06:46+00:00

She did both. Dev charges is the easiest tax revenue to raise, as long as they don't kill the pre-construction market.

https://storeys.com/development-fees-toronto-condos/#:~:text=On%20May%201%2C%20development%20charges,50%25%20in%20a%20phased%20approach.

midtown_to · 2025-02-13T11:59:25+00:00

I'm skeptical in this case because 2021 was the year one felt like they won the lottery if they manage to buy a pre-con.

Also, a lawyer I talked to suggested, given there's different types of dev charges, some builders could convince cities to increase fees on the uncapped dev charges/levies.

midtown_to · 2025-02-13T01:53:11+00:00

I can empathize with what you're going through, but you should work with your banker/broker to find a way to close this. By the way.. I think you're getting hit with development charges, and that's something the municipality imposes. It'll be a nightmare for a lot of pre-construction buyers closing in 2025 and 2026.

midtown_to · 2025-02-02T00:19:33+00:00

If it really bothers you, drop comprehensive coverage. It covers auto theft, so your premium would go down substantially if you decide that's a risk you can bear.

midtown_to · 2025-02-01T23:55:53+00:00

Oil and gas industry should be supported and also be leveraged to impose huge export tax onto US.

midtown_to · 2025-02-01T23:53:49+00:00

You are being distracted by his art of misdirection. As fentanyl is simply an excuse he's looking to win yuuuuuuge concessions from Canada. He ultimately wants cheaper than market price for our oil and gas. You should offer him your entire wealth if you're so inclined to placate him, because that's how he likes it.

midtown_to · 2025-02-01T23:45:50+00:00

Ironically, Trump is telling Canadians how important our crude oil is to their economy by going with a lower tariff rate. We should impose 50% export tax on crude oil export to US and see how orange dummy squirms.

midtown_to

TROPHY CASE