In statements to CBC News, the companies in question emphasized their commitments to their tenants, saying that they only file AGIs for essential capital projects like balcony and building repairs.
For Michael Cuadra, 31, who has lived with his parents in a Starlight-owned building since he was eight, the additional $27 a month the Toronto family would have to pay if a pending AGI is approved impacts what other essentials they can afford.
In a statement to CBC News, a Starlight spokesperson said the company “made investments to ensure the aging infrastructure could continue to be a safe and welcoming place for more than 423 residents to call home.”
Realstar and Hazelview also referred questions to the Federation of Rental-housing Providers of Ontario (FRPO), whose members collectively own and manage about 350,000 rental homes across the province.
But Philip Zigman, the co-founder of RenovictionsTO, a volunteer-run project that tracks renter issues including AGIs in Toronto, says corporate landlords explicitly use them to maximize profits, often in terms such as “repositioning properties” or a “value-add strategy.”
In a statement, a spokesperson for Tribunals Ontario said “only a portion of the above guideline rent increase sought in an application may be granted by the LTB,” and that some cases that are considered approved are resolved by agreements between the landlord and tenant.
The original article contains 1,468 words, the summary contains 220 words. Saved 85%. I’m a bot and I’m open source!
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In statements to CBC News, the companies in question emphasized their commitments to their tenants, saying that they only file AGIs for essential capital projects like balcony and building repairs.
For Michael Cuadra, 31, who has lived with his parents in a Starlight-owned building since he was eight, the additional $27 a month the Toronto family would have to pay if a pending AGI is approved impacts what other essentials they can afford.
In a statement to CBC News, a Starlight spokesperson said the company “made investments to ensure the aging infrastructure could continue to be a safe and welcoming place for more than 423 residents to call home.”
Realstar and Hazelview also referred questions to the Federation of Rental-housing Providers of Ontario (FRPO), whose members collectively own and manage about 350,000 rental homes across the province.
But Philip Zigman, the co-founder of RenovictionsTO, a volunteer-run project that tracks renter issues including AGIs in Toronto, says corporate landlords explicitly use them to maximize profits, often in terms such as “repositioning properties” or a “value-add strategy.”
In a statement, a spokesperson for Tribunals Ontario said “only a portion of the above guideline rent increase sought in an application may be granted by the LTB,” and that some cases that are considered approved are resolved by agreements between the landlord and tenant.
The original article contains 1,468 words, the summary contains 220 words. Saved 85%. I’m a bot and I’m open source!