I really feel for them. This is Minto’s MO. Buy old buildings and renovict.
Many years ago, Minto bought out the apartment complex I was living in. It was old, average, and decently maintained.
Minto came in, renovated, and every year made applications to raise rent above guidlines and won every time.
As renters, we were screwed.
They could recover all their renovation costs by raising our rents. What was most galling was they replaced all plumbing fixtures including toilets. Saved the money in water bills and used that to go before the tribunal and raise our rents above guideline.
I have nothing but hearty fuck you’s for Minto.
https://zeroes.ca/@maleve/112176236211297443