In Toronto? You might’ve heard Presse Internationale’s landlord raised rent by $4000/month. With Toronto retail rent up 67% in 4 years this happens all the time - but rarely gets media. We must protect businesses NOW or many more will disappear. toronto.citynews.ca/2024/10/17/a...
In where I am in the US, there's a get rich quick scheme based on this. Buy some retail land, wildly raise the rent, don't evict yet, get a loan based on your next X years at historical Y% occupancy at Z new rent rate. Now you are required to rent at that rate, but you have all that cash.
Help me protect local businesses from predatory landlords! Sign the @betterwayalliance.bsky.socialcommercialrentrights.ca
Locally owned Canadian businesses are experiencing major rent increases - it's time for a commercial renter bill of rights. Sign today and support.