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Bitter feud ensues after landlord's failed attempt to raise tenants' rent 65% (www.cbc.ca)
submitted 10 months ago by to c/canada@lemmy.ca
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A New Brunswick tenant says he’s being pushed out of his rented bungalow as retribution for complaining about his landlord, but his landlord says she’s the victim of an unfair tenancy tribunal ruling that is preventing her from using the unit to house family.

Jonathan King and his landlord, Ashmin Goolab, have been embroiled in a bitter year-long dispute involving a notice of a 65 per cent rent increase, a failed eviction attempt, and claims that the unit is needed to house Goolab's mother-in-law.

King, who lives in Chipman, said Goolab is trying to force him and his wife out of their affordably priced bungalow in an effort to circumvent New Brunswick's rent cap, and as retribution for a complaint he made about being given improper notice to alter their lease.

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[–] 32 points 10 months ago (5 children)

I’m also noticing the owners said they are bleeding cash. But they bought 7 units (in 4 buildings) for 295,000. Assuming 0 down and 5% apr that just north of 1700 a month. So this one renter paying 727 is nearly half of their mtg.

Even if we say expenses and upkeep adds 50% to their monthly outlay, their costs are covered at 4 units rented…

I’m not exactly anti landlord but this screams rent seeking crocodile tears.

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  • [–] 10 points 10 months ago

    "we're bleeding money" so lets get my mother-in-law who is already in a long term care facility to move in and not pay a dime which will end up costing us MORE in the long run as she'll need to be cared for.

    But you own 7 other units, why not just sell one or two of those if you're "bleeding money".

    I just wish people would be honest every now and again and simply say "We make a lot of money but we want to make more."

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  • [–] 3 points 10 months ago* (last edited 10 months ago)

    I've never bought the bleeding money story of any landlord anyway.

    That money goes to the mortgage.

    Can they afford it? Maybe not, but it's not like the money is just vanishing. You're paying off your mortgage. Sell it if you can't afford it and you'll recoup the cash you personally paid into it and all the profit from your tenants.

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  • [–] 2 points 10 months ago (1 child)

    I wasn't aware anywhere in Canada allowed zero down for residential housing. CMHC usually requites at least 5%, and that's for personal housing only. Which means the numbers would work out to even lower monthly payments.

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  • [–] 6 points 10 months ago

    They don’t really allow 0 down. But It is possible. I went with 0 down just to give the landlord some grace because realistically I was already sure they were misleading on the costs.

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