AKELIUS CANADA LTD - TORONTO PROPERTY HISTORY REPORTS

The rent increase guideline for  2026 is 2.1% . The guideline is the maximum a landlord can increase most tenants’ rent during a year without the approval of the Landlord and Tenant Board. For most tenants, your rent can’t go up by more than the rent increase guideline for every year. The guideline applies to most private residential rental units covered by the  Residential Tenancies Act, 2006 . This applies to most tenants, such as those living in: rented houses, apartments, basement apartments and condos care homes mobile homes land lease communities The guideline does  not  apply to: new buildings, additions to existing buildings and most new basement apartments that are occupied for the first time for residential purposes after  November 15, 2018 rental units upon turnover of a tenancy (the landlord and new tenant agree on the rent amount) community housing units long-term care homes commercial properti...

Ontario residential rent increase guideline starting January 1, 2025 will be 2.5%.

  Do I have to get tenant insurance? You are not legally obligated to get tenant insurance but a landlord may require that you get insurance before they rent an apartment to you. Landlords have property insurance for the building or house itself but this doesn’t include coverage for the contents of your rental unit. It is a common misunderstanding that if there is a flood or a fire that was caused by a neighbouring unit or by the landlord themselves they will cover the damages to your contents. Without insurance, you would be required to pay for the replacement costs of your content (furniture, clothes and belongings inside your apartment) yourself. Another misconception is if you cause damage by accident to other units or your landlord’s home, that you won’t have to pay for the damages. If you are held responsible, you can be sued and expected to pay. These are some important reasons why you might consider getting tenant insurance even if your landlord doesn’t ...

 AKELIUS TORONTO APARTMENT BUILDING AT 16 ST. JOSEPH ST. HAS BEEN WITHOUT HEAT FOR ALMOST A MONTH. ARTICLE FROM BLOG TORONTO https://www.blogto.com/real-estate-toronto/2024/03/toronto-rental-building-no-heat/ Posted  March 23, 2024   by  Phoebe Knight A rental building in Toronto has left its residents with no heating since the beginning of March, and there's currently no end it sight. On March 4, residents of 16 St. Joseph Street — a rent-controlled building in  Church Wellesley Village  —received a notice from  Akelius , the building's management company. It stated that the building would be without heat due to an HVAC upgrade, but nearly three weeks later, tenants are still shivering. "The steam boiler has run its course and is beyond repair," the notice reads. "We have proactively installed [a] heating/cooling fan coil system which requires an electrical system upgrade." The communication then goes on to say that Toronto Hydro w...