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Landlords - Akelius

This area of TorontoRentersForum.com is for tenants living in Akelius buildings to ask questions, make connections, compare notes, and organize themselves.

Akelius Canada Ltd is a large well-financed multinational corporation that owns apartments in several cities around the world. Almost since it’s inception it has courted international criticism – for more information see our Akelius information supplement.

Renters living in Akelius buildings should take note that The Akelius Tenants Network is an association of renters living in Toronto-area buildings owned by Akelius. This active tenant group has been an outspoken advocate for renters, and a strong critic of Akelius.

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Author Topic: Akelius Leveraging Lack of Rent Control on New Buildings...  (Read 566 times)

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Sandy

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Akelius Leveraging Lack of Rent Control on New Buildings...
« on: December 14, 2022, 10:17:41 am »

Akelius is taking advantage of the loophole that Doug Ford created in our renter's rights, and will leverage their new ability to set arbitrarily high rents on new buildings to extract exorbitant rents from their tenants.

Here's what you need to know about how Doug Ford gutted rent control, and the effect it is having on renters:
The Ford government removed rent control on new units. A year later tenants are reporting double-digit increases

And here's the announcement about Akelius's new buildings that because of Doug Ford's loophole will have no rent control:
Two Infill Rental Buildings Proposed Near Lawrence and Don Mills

My heart goes out to the renters who are unaware of the new rent-hike loophole, and end up renting in these buildings...  they will be completely at the mercy of Akelius.  Once a year Akelius will be able to raise these renters' rents to any amount Akelius wants, and the only rebuttle available to these renters will be to move out.



 

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