Posted September 28, 2020
Last Friday, over 40 ACORN members and Park Vista tenants gathered in front of 2 Park Vista to speak up about their injustices and deliver a letter of community demands to the office management of their landlord, CAPREIT.
CAPREIT, as one of the biggest residential property management companies in Canada, is making higher profits than ever in 2020 despite COVID-19 - around $68,000 every hour! In their financial review for 2020, CAPREIT promised to voluntarily waive AGI (Above Guideline rent Increase) applications during this period of crisis, but applied for yet another AGI for 2 Park Vista in June.
ACORN leader Maryanna Lewyckyj and other tenants delivered speeches on their experiences with poor maintenance and supervision within the Park Vista buildings. The group was joined by Councillor Brad Bradford and MPP Rima Berns-McGown. Members then marched to the Park Vista management office to deliver a letter of demands, including:
- Withdraw the AGI for 2 Park Vista
- Voluntarily waive AGIs for all tenants during this "period of crisis" (as per written
- commitment on Page 10 of CAPREIT's financial review for the six months ending June
- 30, 2020).
- Regular meetings with Park Vista tenant reps
- No new AGIs until the Ontario economy has fully recovered
- Set aside a portion of rent revenues for capital repairs
- Mandatory mediation process for tenants denied a re-payment plan
ACORN members across Canada are also getting organized to form a national CAPREIT tenant union to fight back in other buildings.
Click here to demand the legislation for the province's 2021 rent freeze to include AGIs and vacancy control!