I'm happy that I live in Montreal, where rent increases are regulated so tenants don't get screwed over. A rental unit is a home, and landlords shouldn't be allowed to just increase the prices to whatever they want. There will always be someone willing to pay more in a limited market and that just pushes people who can't afford it to the outskirts of the city. When wages increase more slowly than rent prices, people get squeezed out the market, and good luck buying a place at a reasonable price in Toronto. Landlords should be allowed some increases, but reasonable restrictions are fair.