Syed Noman Ali's current rent increased from $1,425 to $2,450 in just two years, illustrating the financial strain on tenants amid rising housing costs.
Avenue Living claims increases are necessary to manage escalating operational costs, yet tenants like Ali face new charges for services already provided under previous ownership.
With no rent control in Alberta, tenants struggle to find affordable housing. Ali, paying over $3,000 total monthly, feels uncertain about the future.
The company's rising fees have caused significant concern among residents, as many are already overwhelmed by living expenses while seeking safe and affordable homes.
#housing-crisis #rent-increases #tenant-struggles #real-estate-investment-trusts #alberta-housing-market
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