Northern Light
Superstar
I don't get it, it's the landlord's prerogative to set the price he feels comfortable with. If it's too high, it won't get rented. What's the problem here?
While he can, and I'm sure he will answer for himself...........
I would say, his issue, based on his previous posts............self-interest aside.......
Is that his building has a 6.9% vacancy rate which is well outside the normal Toronto range, and would not seem to be in the economic interest of the landlord.
I think he is rather straight-forwardly suggesting that his offer on a unit isn't only the best, its the only damned offer going in the space of three months; and that
the landlord would clearly be better served accepting some money ( a good, profitable price) rather than no money.
I presume, the landlord is betting that that Covid-related suppression of the market will end imminently, and therefore holding out for a better price is in their best interest.
But I must confess, i think there's a compelling case that that is unlikely.
Travel restrictions remain, short-term rental if not killed permanently is likely offline through the balance of 2020, immigration is also reduced for the balance of the year; all the while ownership prices are falling.
Does leave one wondering about his landlord's rationale.