Squeezing Profits: Landlord and Tenant Board Grants Timbercreek 7.2 Percent Rent Increase

A couple dozen Ottawa residents braved the dipping temperatures and frigid downtown winds to rally at the Landlord and Tenant Board (LTB) on Albert Street on Nov. 13.

Tenants of Sunset Heights Apartments at 2880 Carling Avenue and their supporters with ACORN (Association of Community Organizations for Reform Now) were challenging an application filed by their landlord Timbercreek Asset Management. Timbercreek wanted an above guideline rent increase (commonly referred to as an AGI) of 5.4 percent above the provincially mandated 1.8 percent maximum. Read More …