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5 Sep 2024

Toronto tenants fight rent increase, argue landlord is partially using it to cover redevelopment costs

Author: admintech | Filed under: Finance/ Money
Woman standing in front of apartment buildings.

Tenants in a Toronto apartment complex are fighting an above-guideline increase (AGI) to their rent because nearly half of the expenses that the increase is supposed to cover stem from an environmental assessment of the land generally used to help sell or redevelop property.