Originally Syndicated on May 29, 2024 @ 8:06 am
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.
Due to rodents, one tenant and her family have been living in the living room for the past month and a half. The superintendent of schools has often resorted to verbal notifications, postponed providing entry alerts, and displayed mistakes in data management.
There is another tenant whose roof is collapsing structurally, and they are waiting a long time for the company to start the inspection process. The state of our house is getting worse in the neighborhood. This state of affairs is considered to be unfair and inequitable.
The author stresses the need for reform while acknowledging that there are a number of challenges. The idea of being treated fairly in addition to being shown respect and deference is the main focus.
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.
- According to one person’s claim, it was said that more tolerance is no longer an option because a tipping point had been achieved. I’m asking that enough thought be given to our fundamental rights.
- Lisa Elyea stated that moral judgment need to be given top priority by Golden Equity Properties.
- Regarding the petition, Suzanne Eddy stated that the business has handled people horribly.
- According to Helen Ayers, it is crucial to make sure that people are treated fairly and compassionately. Should someone be unable of carrying out that duty, it is best for them to leave the company and let others who are more capable take over as leaders.
- Robynne Pepper says that the reason she is taking part is because her mother’s aunt lived in a corporately owned apartment building and had subpar living conditions.
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.
- Due to its concurrent disregard for the well-being of its employees and its participation in harassing actions, the aforementioned corporation demonstrates serious operational faults that call for public attention and criticism. There is reason to be critical of General Electric’s (G.E.) conduct.
- Joaquin Mur is more irritated by the unanswered issues that “the leadership” failed to address and the requirement to continuously monitor and manage staff. There is no longer any reason for more acceptance or tolerance of the current state of affairs.
Youtube’s Presence
A video about the altercation of harassment between the landlord and the residents of Golden Equity Properties has been uploaded, according to the CityNews YouTube channel. That video has received 2797 views. On YouTube, CityNews has 436k subscribers and 35 likes.
The entire movie that is available on the CityNews YouTube channel is about the continuous struggles that tenants in rental properties owned by Golden Equity Properties go through.
There is an ongoing dispute among these residents about notices of removal and ongoing maintenance issues. Mark McAllister investigates further at a number of locations within Toronto.
- In the video comment area, one person voiced their opinion, saying that many families had long since made Toronto their home. They stressed how crucial it is to avoid being forced to move because of financial difficulties or abuse from dishonest landowners.
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.
- A different poster brought up the fact that the Main Street firm in Calgary, Alberta, Canada is experiencing something similar.
- A critique posits that the real estate tax is shaped by indifferent local government representatives who put their financial interests first.
- In the video on Golden Equity Properties, well-known YouTuber Carlos Pulpo shared his thoughts, claiming that the real estate’s alleged “golden” qualities only benefit the owners.
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.
- The state of the wall owned by Golden Equity Properties was also mentioned by one person. To increase revenue, renovate the space and draw in premium tenants.
- In a comment, a member going by the moniker “althunder4269” said that one could assume who owned “Golden Equity” based on the title.
Advocates for Housing Express Concerns over Golden Equity Properties’ Poor Property Management
People who live in apartments owned by a real estate corporation in Montreal have voiced concerns regarding claims of mismanagement made by the company.
Several tenants at 2460 & 2500 Keele Street have complained to Golden Equity Properties, the property management company, alleging that money is taken out of their checking or savings accounts on the first of each month, even though the tenants have previously canceled their pre-authorized deductions for rent.
Those who opt to pay by check or money order have reported receiving threatening communications regarding possible legal consequences, and some have even been charged with further unspecified offenses.
Furthermore, as both structures are said to be in severe need of pest treatment, the residents are currently waiting on these providers. Furthermore, there have also been incidents of water leaks at 2500 Keele.
In the Scarborough neighborhood around Trudelle Street, there is an apartment complex owned by Golden Equity.
Residents of this complex have received notice in writing recently that they are not allowed to hold meetings or social events in any of the three buildings’ common areas, which include the indoor common areas as well as the outdoor areas like parking lots and lawns.
The letter justifies the meeting ban citing concerns over COVID-19.
In a follow-up letter, tenants were instructed to contact building management or law enforcement authorities as soon as they observed strangers distributing unsolicited printed materials or striking up talks with tenants.
Alicia Ludwig, speaking on behalf of the Trudelle Tenants Association, has received reports that the building’s administration is allegedly adopting a defamation tactic to paint supporters as troublemakers by claiming that their events are illegal.
The author further notes that the building demonstrates a common problem with mice and pests, such as poor control of cockroaches, bedbugs, and mice.
Ludwig claims that she finds it difficult to resolve issues pertaining to apartments, thus she has to negotiate with Golden Equity Properties nonstop to get it to take the necessary action.
Samuel Mason, a lawyer with Parkdale Community Legal Services, is now taking on the legal representation of tenants living in a King West apartment complex managed by Golden Equity Properties.
Mason claims that the company has demonstrated a lack of will to negotiate and address issues related to maintenance and deterioration. As a result, tenants must deal with the Landlord and Tenant Boards and take part in different court cases for each issue, which requires a large time and resource commitment.
Mason is concerned about the tenants who live at other houses owned by the same company and who do not have access to a local legal aid clinic.
Mason is now investigating a number of cases in which renters are finding it impossible to fulfill their rental responsibilities due to unresolved repair issues, which is causing rent payments to mount.
The person wants to come to a mutually beneficial agreement in which the owner of the property is paid the unpaid rent, but also shows that they will fulfill their legal obligations to keep the building in accordance with the guidelines.
Furthermore, residents would receive compensation under this contract for the deteriorating issues they faced over the previous year.
Golden Equity Properties’ difficulties with the renter have been covered by CityNews before. A notice of eviction had been served to a long-term tenant who had lived in a Wilson Avenue residence for more than 50 years.
The tenant was evicted due to non-payment of fees, even though they had always paid on time while they were occupying the property. Numerous individuals have reported multiple unresolved repair issues. The ownership of the property changed, with Golden Equity Properties taking it.
Emina Gamulin, a spokesperson for tenant advocacy group Parkdale Organize, has already given CityNews details about Golden Equity Properties’ business procedures when purchasing properties.
Regarding her assertion, the company tries to force tenants to enroll in pre-authorized payment plans while charging them extra fees. Furthermore, notices of removal that do not specify the reasons for removal are being delivered to renters.
With its main office based in Montreal, Quebec, Canada, Golden Equity Properties is a real estate portfolio owner that includes more than a dozen properties in Toronto, Ontario.
In response to a question from CityNews, the company declined to offer an explanation. Tenants have complained that business representatives don’t seem to want to interact with customers.
Consumer Reviews Revealed Golden Equity Properties’ Real Story
Hello to all of you.
I’m contacting you to request assistance. My close friend, Golden Equity Properties, had a bad experience. In addition to other problems, she had to cope with cockroaches, bed bugs, and wall holes. Please contact me if you have any similar experiences with this property manager.
Since this is a pending legal matter, I am unable to provide too many specifics. But my buddy is in touch with the Landlord and Tenant Board, the authorities, and the attorney representing her family. As a recent graduate of Algonquin College’s media school and a student journalist at uOttawa, I would like to pitch this story wherever I can.
I would be really appreciative if you could give me any information or guide me in the proper way. In the event that you are concerned about possible retaliation, I can also keep your identity anonymous. I appreciate your time.
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.
- In response, Cats-astrophe declared that the group had changed its name several times. The property owner has multiple pieces of real estate, but they are not being properly maintained in order to maximize their own financial advantage. The existence of bedbugs and maintenance issues have always presented problems inside these buildings.
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.
- Asking that the paper’s abstract read “Insects & Cavities: An Uncelebrated Perspective” was a query posed by AllOutOfFawksToGive.
- In his comments, CreamyMilkMan stated that he had also complained to the Landlord and Tenant Board (LTB); first, they had not paid, therefore I had to take the initiative to investigate the situation.
About Golden Equity Properties
The year 2001 marked the founding of 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:
