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'This is egregious': Sisters shocked when Toronto landlord raises rent to $9,500 a month
(toronto.ctvnews.ca)
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This really depends. If the building is rentable for 5000 than it is. Like it or not.
If 2500 was reasonable back then, then it still is reasonable right now.
Unless gigantic upgrades were performed to the house that warrant a 1000 price hike, which I highly doubt.
Just because the market is fucked doesn't mean you get to make the market even worse.
having no rent control is never reasonable. People only accepted places without rent control because all other options are shit too