111 LAWTON BLVD - TENANTS - AKELIUS CANADA LTD

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...

RENTS ARE BEING REDUCED ON NEW RENTALS. RENTAL LISTINGS AUGUST 24, 2020. PARKING HAS BEEN REDUCED.  SAMPLE ADS Listings on Kijiji also mention $150.00 gift certificate along with one-month free rent included Samples of reduced rents at 111 Lawton Blvd as of August 24, 2020. 111 Lawton Boulevard Yonge-St. Clair Toronto, ON, M4V 1Z9 studio 350 sqft floor 3 APT 307 CAD 1,495 was $1750.00 bathrooms 1 available from 2020-09-01   111 Lawton Boulevard Yonge-St. Clair Toronto, ON, M4V 1Z9 bedrooms 1 525 sqft floor 10  APT 1006 CAD $1,750 was $2095.00 bathrooms 1 available from 2020-09-01 111 Lawton Boulevard Yonge-St. Clair Toronto, ON, M4V 1Z9 studio 350 sqft floor 9 APT 907 CAD $1,550  was $1750.00 bathrooms 1 available from 2020-08-24   111 Lawton Boulevard Yonge-St. Clair Toronto, ON, M4V 1Z9 bedrooms 1 525 sqft floor 6 APT 606 CAD $1,895  was $2195.00 bathrooms 1 available from 2020-08-24 Rents are being reduced on new rentals anywhere from...