Akelius, a Swedish-owned company, says it’s offering a new style of modern rental living. But tenant advocates are warning that its aggressive pursuit of higher rents is threatening to distort the city’s already unaffordable housing market ‚Äì and push lower-income residents out of their communities.
The Federation, along with other community partners and affected tenants, has been helping Parkdale Tenants challenge their landlord by assisting in the formation of tenant associations and other coordinated actions.
To read more media coverage on Akelius and how Parkdale tenants are challenging their new landlord, please visit:
“New Rent Monster”- Now Magazine, July 31, 2014:
“Parkdale Tenants Accuse Firm of Ignoring Repairs in Bid to Push Them Out”- Toronto Star, July 23, 2014:
“Toronto’s Parkdale Residents Fear Radical Gentrification as European Company Buys Up Thousands of Apartments”- CBC as It Happens, June 27, 2014
Occupy Akelius (blog)