2025 Ontario rent increase guideline 2.5%

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

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THINKING ABOUT RENTING FROM AKELIUS? THINK TWICE. IT DOESN'T MATTER HOW MUCH YOU PAY FOR RENT THE COMPANY HAS VERY LITTLE RESPECT FOR TENANTS. WITH THE CONSTANT RENOVATION NOISE ASK FOR A DISCOUNT IN RENT.

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LINK TO AKELIUS CANADA TORONTO TENANTS YOUTUBE CHANNEL Updated Oct. 18, 2019 AVOID AKELIUS - WORST LANDLORD EVER Fordwych Road - June 2018 - ongoing If you are considering an Akelius property, STAY AWAY! Living in an Akelius property has been THE WORST experience I have had in nearly 15 years of renting properties in London. FOR OVER A YEAR NOW, I HAVE BEEN LIVING ON A LOUD, FILTHY AND UNSAFE CONSTRUCTION SITE! Save yourself the time and headache - go inform yourself and read the many bad reviews their tenants have posted online (Trustpilot, Google Reviews, Yelp). Now, search Google News for their negative media coverage. Then, ask yourself - why take the chance with Akelius? There are countless other properties with better landlords to choose from. COMPENSATION: After much complaining and having to unnecessarily follow-up my emails repeatedly as they were attempting to ignore me, Akelius reluctantly offered 20% rent reduction. They initially tried to scam me...
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Akelius Residential halts renovation strategy after UN scandal

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Akelius Residential halts renovation strategy after UN scandal   Controversial corporate landlord Akelius Residential will no longer focus on renovating buildings after facing a backlash from the United Nations and its tenants. It plans to cut construction staff by 400 by the end of 2022 and focus on new builds, as well as upgraded properties. It commented that the good times for upgrading properties that require extensive renovations are over. Akelius still targeted doubling its portfolio of properties over the course of the next decade. The Sweden-based company manages a total of 44,000 rental apartments. In May the UN accused the firm of breaching the international human rights of its tenants by having them live in poor conditions, aggressively increasing rents and threatening evictions. In countries with rent controls the company was accused of renovating properties with the end goal of hiking rents. The UN communication was sent to the governments of Canada, German...
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Akelius Canada Ltd. outmaneuvered by The Wynn Group of Companies in their sale of eight buildings to Timbercreek Asset Management

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LINK TO AKELIUS CANADA TORONTO TENANTS YOUTUBE CHANNEL CASE BROUGHT BY AKELIUS CANADA LTD CITATION :   Akelius  Canada Inc. v. 2436196 Ontario Inc. et al., 2018 ONSC 6138                                                                                                   COURT FILE NO.:  CV-16-547529 MOTION HEARD:  20180613 SUPERIOR COURT OF JUSTICE - ONTARIO RE:                   Akelius  Canada Inc., Plaintiff AND: 2436196 Ontario Inc. and B’nai Fishel Corporation, Defendants BEFORE:       Master P.T. Sugunasiri COUNSEL:    Calina, V., Counsel for the Plai...
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Akelius property manager forgets to pick up rent checks and issues N4 eviction notices to tenants at 111 LAWTON BLVD.

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LINK TO AKELIUS CANADA TORONTO TENANTS YOUTUBE CHANNEL On December 31, 2019, and January 1, 2020, several tenants deposited their rent checks for the month of January 2020. The current property manager from Akelius Canada Ltd. -  Mr. Tristan Quamina-Pinnock  - neglected to pick up the checks from the metal rental box located off the lobby on the main floor. Two weeks later tenants received  N 4 eviction notices from the company issued by -  Mr. Tristan Quamina-Pinnock  - giving them until the end of January to pay the rent or move out. After receiving complaints from tenants concerning the wrongful issuance of these N4s, the property manager finally came over to the premises to retrieve the rent checks and only after tenants submitted second checks and money order payments.  As usual, there has been no formal apology to these tenants by Akelius Canada Ltd. Here is a suggestion,  Akelius  Canada Ltd . could send out a driver ...
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AKELIUS CANADA LTD SELL 12 TORONTO PROPERTIES FOR $176.8 MILLION DOLLARS

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ON SEPTEMBER 15, 2019 AKELIUS CANADA SOLD THE FOLLOWING PROPERTIES TO STARLIGHT INVESTMENTS LTD. FOR $176.8 MILLION DOLLARS. PROPERTIES AKELIUS CANADA SOLD TO STARLIGHT INVESTMENTS SEPTEMBER 15, 2019 Here are the apartments that Akelius sold: Links to the profile page of each building offering further detailed information.  PLEASE READ EACH PROFILE PAGE  TO FURTHER UNDERSTAND HOW AKELIUS CANADA LTD. ACHIEVED THE SALE PRICE FOR EACH PROPERTY .   *  580 The East Mall:  122 units with an average size of 1,001 square feet. Thirty-seven percent of the suites have been renovated and the building has received capital expenditures of $3.8 million; *   2701 Eglinton Avenue West:  49 units averaging 610 square feet. Sixty-one percent of the suites have been renovated and the building has received capital expenditures of $927,000; *   2040 Eglinton Avenue West:  37 units averaging 690 square feet. Forty-nine percent of the suites h...
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