Globalnews.ca

36 readers

160 users here now

founded 1 month ago

MODERATORS

[email protected]

B.C. landlords win ruling to increase rent by 23.5% over two years (globalnews.ca)

submitted 1 month ago by [email protected] to c/[email protected]

2 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 2 points 1 month ago (1 children)

I don't live in B.C but when the mortgage is paid off I am sure they will adjust the rent down to zero.

Landlords should be aware of the risks when they make the purchase. If you can’t afford to hold the property without your tenant having to pay for it, then sell.

permalink
fedilink
source
hideshow 2 child comments

[–] [email protected] 1 points 1 month ago

They took a 2.something % adjustable rate mortgage and then cried "unpredictable" when they raised rates, as though no one could have guessed that 2.something % was an anomaly

permalink
fedilink
source
parent