Notice of Settlement re: Minto 2016 Above Guideline Rent Increase

The HPTA is pleased to advise that we have negotiated a significant decrease to Minto’s 2016 AGI which we intend to finalize tomorrow, November 7, at the Landlord and Tenant Board. Minto requested an above guideline increase of 1.75%. The HPTA has negotiated a reduction from 1.75% to 1.00%. This translates to a roughly $1 million decrease in costs Minto sought to recover through the 2016 AGI.

This savings to tenants applies to residents of the 3 current Minto properties.

If you would like to attend tomorrow to make submissions on your own behalf for a greater reduction, you are more than welcome to do so. The hearing details are as follows:

79 St Clair Ave E
Second Floor
November 7, 2018 at 1:30 pm

Kathleen Burke will be attending on behalf of the HPTA and will arrive at 1:00 pm. Feel free to speak with her at the hearing if you have questions.

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