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How ‘financialized’ landlords may be contributing to rising rents in Canada

Starlight Investments is Canada’s largest landlord, with more than 54,000 units nationwide and 68,000 globally. Starlight was granted approval by Ontario’s Landlord and Tenant Board to raise the rent above provincial guidelines twice in the last two years. Alibi says this makes his unit no longer affordable for him.

“They should not be allowed to get away with this. They just keep coming to take and take and take,” he said.

… He and dozens of other tenants from his and two adjacent buildings — including 71, 75 and 79 Thorncliffe Park Drive in north Toronto — have joined forces in a rent strike since May 2023 to protest the Above Guideline Increases (AGIs) after the second one was issued to tenants earlier that year.


Thorncliffe Park … home of the Mosqueteria, the largest Muslim ghetto in Toronto.

I wonder if for votes a local pol will not come to their rescue.

PS. Link fixed

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