
When Your Landlord Is a Billion-Dollar Corporation
When Syed Noman Ali opened the new lease papers from his landlord in May, it was yet another rent increase, the second in as many years. In 2022, Ali had been paying $1,425 a month, plus $50 for parking, for his low-rise three-bedroom unit. When Avenue Living, the Calgary-based real estate owner and operator, took over the building that same year, it raised his base rent to $2,125. It now wanted $2,450.



