Quote:
Originally Posted by GenWhy?
Charging a market rate for a fully renovated and vacant suite seems reasonable while un-renovated occupied suites get a 14% increase as opposed to their annual 3% seems reasonable as long as they collect enough for their lease payments.
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Sure would be reasonable but as per the article even that is seeing conflicting views with some people looking only for an option where they can retain their $900/month rates, which are criminally low in 2022. The city spent an awfully lot of money to purchase the tower to protect it from being converted to private market rental and cannot be asked to do more, which I am sure is what some are hoping to see.
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