Tenants win fight against landlord
Pact includes rent discounts, allowances for moving
A recent decision by the Ontario Municipal Board is being hailed as a victory for renters displaced by the city’s growing condo boom.
“It’s a real David versus Goliath story,” said Rocco Mattuci, a chartered accountant and cochair of the tenant association at 33 Holly St. and 44 Dunfield Ave.
Tenants at both sites have reached an agreement with Compton Management that will see them receive refunds, rental discounts and moving allowances as the landlord looks to build condos in the midtown neighbourhood.
The developer initially wanted to build two highrise condos of 24 and 32 storeys adjacent to the existing rental buildings. They also proposed adding five new rocco Mattuci levels on top of the 14-storey rental building, with amenities only accessible to new condo owners.
With the new agreement, there won’t be any additional storeys added to the existing buildings. Instead, the new condos will be made taller.
The developer also committed to building a community park nearby.
Mattuci said the agreement gives tenants a rent reduction of between 15 and 50 per cent and the option to stay during the four-year construction period. They can also choose unit renovations, or apply for the new condo at a reduced price. Those who choose to leave will receive a $1,500 moving allowance.
“This goes to show other tenants that if they stick together they can achieve more instead of being at the mercy of the landlords,” Mattuci said. “A developer isn’t going to come and give everyone 50 per cent off. It’s going to be a collective effort.”
A developer isn’t going to come and give everyone 50 per cent off.
Rocco Mattuci, co-chair of the tenant association, says renters can achieve more by working together.