AKELIUS CANADA LTD - TORONTO PROPERTY HISTORY REPORTS

                            EXPIRED AGI 2006 Akelius Canada Ltd. has issued revised N1 notices of 2.5% to most tenants located at 111 Lawton Blvd. for March 1, 2023, instead of January 1, 2023. The reason for the change tenants were not given the proper 90-day notice as set in law by the Ontario government.  A total of nineteen tenants were issued N1 notices of rent increases of 2.5% to start September 1, 2023, instead of January 1, 2023, due to rent amount errors stated on the previous N1s.  The nineteen tenants will also receive a reduction in rent of 0.82% backdated starting on October 1, 2022. This is what created the error in the first N1 notices to these tenants. Reduction in rent due to an expired AGI 2006. Please check your rental accounts for these adjustments. The 2006 AGI has now been honored and the file is closed.

  PLEASE REVIEW THE ENTIRE VIDEO (9:43) TENANTS 111 LAWTON BLVD. TORONTO, ONTARIO M4V 1Z9   ABOVE GUIDELINE RENT REDUCTIONS Schedule of coming reductions in rent for the following three Above Guideline Increases for 111 Lawton Blvd.   RENT REDUCTION OCTOBER 1, 2022 AMOUNT: 0.82% File Number TSL-84316 Application heard on September 7, 2006 It was determined the landlord justified a rent increase above the guideline because of capital expenditures incurred. The parties agreed to a 0.82% increase. If the landlord increases the rent charged for any unit pursuant to this order, then the rent charged on October 1, 2022, must be reduced, pursuant to s.139.1 of the Tenant Protection Act. 1997, if the same tenant occupies the unit on that date. 2006 AGI PDF DOCUMENTS DOWNLOAD   RENT REDUCTION FROM MARCH 1, 2024 TO FEBRUARY 28, 2025 AMOUNT: 1.75% File Number TSL-34824-12 Application heard on June 4, 2013 It was determined the landlord justified a rent increase above the guidel...

Applying for the one-time top-up to the Canada Housing Benefit - Canada Revenue Agency For many Canadians, the rise of inflation and the high cost of living has made it even more challenging to find a safe and affordable place to call home. That's why the Government of Canada is taking action to help vulnerable Canadian renters facing housing affordability challenges. On December 12, 2022, the Canada Revenue Agency (CRA) is accepting applications for the one-time top-up to the Canada Housing Benefit and you may be eligible to apply! This benefit provides a one-time payment of $500 to eligible applicants. To be eligible for the one-time top-up to the Canada Housing Benefit, you must: - have filed a 2021 tax return; - be at least 15 years of age as of December 1, 2022; - have an adjusted family net income of $20,000 or less for individuals or $35,000 or less for families; - be a resident of Canada in 2022 for tax purposes; - have paid at least 30% of your 2021 adjusted fam...

RENT INCREASE MARCH 1, 2023 The following email is one of many sent to Akelius Canada Ltd. personnel including a registered letter to their legal staff starting on August 31, 2022. On October 19, 2022 Email sent to-   Property Administrator:: Neusha Shahriar Husain:  Neusha.Shahriar@akelius.ca               Head office personnel:   toronto.servicecentre@akelius.ca            Property Manager:  Gregory Simon:  gregory.simon@akelius.ca Email excerpt:                       This email is to inform you I received today October 19, 2022, Akelius Canada Ltd.   N1 notice of rent increase for January 1, 2023. Notice was back-dated on September 28, 2022. The point here is the notices were delivered by hand and deposited into the tenant’s mailboxes on October 19, 2022. Instead...

On October 19, 2022, a number of tenants if not all tenants received their N1 notice of rent increase from Akelius Canada Ltd. not signed and backdated to September 28, 2022. Rules for rent increase In most cases, the rent for a residential unit can be increased 12 months after either: the last rent increase the date the tenancy begins The landlord must give a tenant written notice of a rent increase at least 90 days before it takes effect. The  proper forms  for this notice are available from the Landlord and Tenant Board. If your landlord has not provided the proper notice, or you believe that your rent has been raised by an improper amount, you can dispute it at the  Landlord and Tenant Board  within 12 months after the amount was first charged. NOTE: Tenants who are entitled to the 0.82% above guideline rent reduction (see the previous post for an explanation) your N1 rent increase form is wrong and does not include the dis...

Ontario residential rent increase guideline for the year 2023 has been listed on the Ontario government website at 2.5% www.ontario.ca Previous rent increase guidelines The chart below illustrates yearly rent increases, in Ontario, from 2015 to 2023. Year guideline (%) 2023 2022 2.5 1.2 2021 0 2020 2.2 2019 1.8 2018 1.8 2017 1.5 2016 2.0 2015 1.6

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...