We're not being evicted! (yet)

Lease Renewals for the next 12 months are being delivered. There were approx 9 apartments who were slated to receive a lease renewal (for Sept 1st, 2009.) The owners have not given approval for this project as of yet -- a point confirmed by Shindico's Property Manager Candace Bertie, who also stated the Rehabilitation project has not been *cancelled*, but deferred.

"We were trying to rush it through this year," acknowledged Bertie this afternoon, "but because we'll have more time to get documentation into the RTB now, we hope to let tenants know about it much sooner next year. Hopefully, by early next spring."

What it means for current tenants is that for the time being, there is no scramble to look for a new place to live, but that we could expect a similar scenario (with possibly more official notice) approximately a year from now. Bertie also stated that no major renovations or maintenance are scheduled in the year to come, with the exception of replacing the boiler.

While we can all breathe a collective sigh of relief -- as far as having a place to call home for the next year -- we can still look forward to mounting the appeal of the 8% rent hike that's included on the new lease renewals.