The provincial maximum on rent-controlled apartments last year was 2.5 per cent, but Sharpe’s building has no limit because Ontario Premier Doug Ford removed controls on any rental units built or occupied after November, 2018.
Yet another thing that our Conservative Premier here in Ontario has done, yet the public is still going to blame the federal government.
I don't know, landlords are price fixing but economists all think most rent control schemes are a bad thing for housing and rental markets on the whole as well. It really seems that the only solution to fighting end stage capitalism is to just have the government itself compete in the rental and housing markets.