This
Toronto Star article by Manisha Krishnam makes for grim reading, especially since the neighbourhood of Parkdale is one of the few downtown (or near-downtown) neighbourhoods still affordable for low-income people. The effect on Toronto's Tibetan-Canadian community is also noteworthy.
Property manager Akelius Canada applied to increase the rent at 188 Jameson Ave. by 4.1 per cent in 2014; this year it doubled down, seeking a 4.6 per cent hike. At least 50 residents of the midrise apartment building, including many Tibetan refugees, say they can’t afford to pay that much and are planning to protest outside Akelius’ Toronto head office Monday.
“The amount they want to increase, it’s just too much,” says Namgyal Lhamo, 39, a personal support worker who lives in a one-bedroom apartment with her three-year-old daughter and her cousin.
In a statement to the Star, Akelius spokesman Ben Scott said the increases are meant to subsidize costs Akelius incurred from municipal taxes and utilities, increased security measures and extensive renovations. The provincially recommended guidelines for rent increases were 0.8 per cent and 1.6 per cent for 2014 and 2015, respectively.
[. . .]
Lhamo, a Tibetan refugee, moved to Canada from a small village in India in 2010. As a single mom, she said she works long hours at Baycrest hospital, followed by chores when she gets home, often at around midnight. Making ends meet is difficult enough without the rent hike, she said, adding she can’t afford to move elsewhere.
Akelius, a Swedish company, acquired 188 Jameson Ave. and a handful of other Parkdale properties between December 2012 and November 2013. Last summer, residents from four Parkdale buildings filed an application to the Landlord and Tenant Board claiming Akelius’ decision to remove on site superintendents has resulted in neglect. That issue will also be discussed at an April 28 hearing.