27% Rent Increase approved at BC property

I have some questions about this decision: Was anyone there representing the tenants? Did they know about it? The rationale concerning interest rates, housing prices is incomplete. At time of purchase housing prices had skyrocketed and a locked in rate was well below 3%. Predictions strongly indicated interest rates were going to go up. They didn't lock in for what? 1%? So now, the tenants will have to pay an additional 27% rent to pay for these idiots' greed and bad judgement? And the arbitrator said they did their due diligence? WTF? What's the gov. say? "Oh well"... What's T.R A.C. say? "Ahh, too bad" What do you say?

This needs to be appealed.