The story published on City News Everywhere sheds light on the continuous challenges that tenants in Golden Equity Properties’ housing buildings encounter, including maintenance issues and foreclosure notices. Mark McAllister investigates further at several locations within Toronto.
A Complaint Filed against Golden Equity Properties
The Importance of This Request
The picture that is being shown comes from the hallway of the building next door. It’s obvious that a lot of time has passed because the broom and container are now at rest and are dry.
Many problems need to be fixed properly, but when we voice our concerns, they are frequently ignored. When people choose a specific activity, it leads to a temporary solution that later becomes worse.
Within the current pandemic, the situation has become more serious. Renters who are having financial issues are told they should get help from the Rent Bank and are not allowed to negotiate.
There is no workable solution to the current global health crisis in this suggested strategy. Golden Equity Properties is making a consistent effort to collect the aforementioned guideline increases, even though the Landlord Tenant Board has not given its approval. In addition, a $400 air conditioning charge is expected from the residents.
The payment of hydro bills is accompanied by unjustified and continuous communication in the form of invasive phone calls, text messages, or in-person visits, even in the lack of supporting documentation or adherence to the Residential Tenancies Act’s regulations.
When resolving issues, Golden Equity Properties frequently asserts its authority and views its words as final. On the other hand, Golden Equity Properties has a tendency to quickly detach and halt communication when someone continues to pursue the matter.
Golden Equity Properties Updates
As per the Change.org report, which was updated by Alicia Ludwig, she responded on the website expressing her gratitude to everyone who signed and shared this paper. I would want to thank everyone who has stood with us in solidarity.
It is important to inform Golden Equity Properties that there is a better way to do things than what it now does.
I hope you have a fun and successful week.
Motivation for Endorsing This Petition
People’s responses to the Petition
- One of the individuals said that Golden Equity Properties needs to stop using its dubious business practices.
The lack of air conditioning in the summer, the absence of heating in the winter, and the leaks that come from the top apartment that have not been fixed. Such constraints should not be applied to the living situations of our senior persons.
Youtube’s Presence
The federal government’s approval of non-Canadian control and its facilitation of large visitor and refugee influxes into the municipality, despite its already taxed capacity, bear some of the blame for the current state of affairs in Toronto, which is marked by exorbitant rental costs, run-down housing conditions, and purported administrative coercion to uproot residents for gain.
There are properties in Ottawa that have painting deterioration on the inside wall surfaces of the apartments, and the basement has an awful smell that is similar to a burst sewer pipe.
This particular operator approaches their duties with a simple mindset. This tenant seems to operate in a consistent manner.
Advocates for Housing Express Concerns over Golden Equity Properties’ Poor Property Management
Consumer Reviews Revealed Golden Equity Properties’ Real Story
Responses to the post from people
- They are the most negative attributes. Additionally, he said that he filed a lawsuit five years ago in a small claims court. He was declared the winner, but as of right now, he has not been paid. He offers his sympathies for the upsetting circumstance your friend is going through right now.
Having said that, the organization has actively cooperated with social service groups to guarantee these people’s continuous housing stability and has regularly worked with social services to offer housing for people who are at danger or have fewer means.
About Golden Equity Properties
Golden Equity Properties. The organization’s primary assets are the acquisition and management of apartment buildings in southern Ontario and Quebec.
Golden Equity Properties is an acquisition specialist for older real estate, emphasizing strategic investments and significant improvements to maximize property value.
Over the course of many years, the concerned person or group has been able to amass a sizable collection of both residential and commercial properties, solidifying their position as major players in the residential multifamily market, especially in the southern part of Ontario, more specifically in the Toronto area.
Three partners founded the company because they were the ones who bought the 51 units that made up the asset back in Montreal.
The management team still consists of the same partners, despite the fact that there are now about 90 staff. An important milestone was reached with the first acquisition of Ottawa, which opened the door for other purchases.
Furthermore, the business made its first acquisition in Toronto after several failed attempts. The company’s decision to relocate to Toronto was a crucial turning point in its growth trajectory because it improved the organization’s stature and reputation. You can click the following link to find out more about the organization:
The Bottom Line
To summarise, tenants living in buildings managed by Golden Equity are facing numerous challenges and grievances. Due to the organization’s alleged inefficiency, renters’ bank accounts have been used for illegal activities, legal risks have been issued, and additional fees have been imposed without explanation.
In addition, the unhappiness of the inhabitants has been exacerbated by issues with pest management, water leaks, and restrictions on gatherings in common areas.
The renters’ sense of dissatisfaction and the firm’s apparent unwillingness to address these concerns have made them feel ignored, underscoring the urgent need for improved property management and tenant relations. You can find out more about the organization’s phony public relations by clicking on this link:
