Dear residents,

As the efforts to curb the spread of COVID-19 are underway, we hope you and your family are doing well under what are very challenging circumstances. We know that the stress of social distancing, lack of routine and uncertainty is continuing to mount for many of us. As a valued CAPREIT resident, we want to update you on all that CAPREIT is doing for our communities to navigate this unprecedented crisis. We have put together the latest information on rent related matters and the support measures we have implemented. As circumstances concerning COVID-19 are changing daily, we will continue to provide updates and resources in a timely fashion. Below, you will find relevant information on rent collection, government assistance plans and the measures we are taking at the building level to ensure safety for all.



Update - Oct 9, 2020

It’s important for residents to note the following:

We are asking all residents who can pay their rent to please do so as they normally would. For those residents who cannot pay rent, our commitment remains constant to working collaboratively with you on a case by case basis. As of April 1, we have implemented payment plans designed to give those in need some flexibility around their rent obligation.

We value your place in our community. If you have questions, we are here to help you. 

Please visit our Covid-19 Resources Page  for all the latest news and resources.



Update - April 2, 2020

Rent with us Remotely

If you are interested in rental opportunities, our Leasing Specialists remain available via telephone, live chat and email.

We also have virtual tours for most of our buildings. Check out our apartment videos, photos, floor plans of available units and pricing. Through your mobile device, computer or tablet we have what you need to find your next apartment.

You can even start the application process online! Choose your building, available unit and click on Apply Now.



Ian Bickis · The Canadian Press - Mar 30, 2020  

Major landlords promise flexibility as COVID-19 eats into tenants' ability to pay rent

Major REITS say they are trying to help, but 80% of rental stock owned by smaller players

Some of Canada's biggest residential landlords say they're committed to working with tenants who have lost their job because of the novel coronavirus pandemic.

The signals come as efforts to contain the outbreak have led to huge business disruptions and surging unemployment that have made many Canadian worried about how they will pay next month's rent.

The speed of the shutdown in many areas of the economy has meant many people will likely be short on next month's rent, especially since government programs meant to help those who have lost their job won't start paying out until April.

The unprecedented times have led some tenants to call for an all-out rent strike, but major rental companies are urging those who are able to pay their rent to do so, while offering assistance to those who find themselves in need.

"If anybody's lost their job, we are there to support them, and there to work with them through the crisis," said Mark Kenney, CEO of Canadian Apartment Properties Real Estate Investment Trust.

"We are violently against evicting people that find themselves in a place of distress right now."

The company, which manages more than 65,000 residential rentals across Canada as well as in Ireland and the Netherlands, says tenants who need to should get in contact with their property manager to explain their situation, offer to pay what they can and discuss ways they might repay the rest over time.

Other major rental companies including Northview Apartment REIT, Greenwin Corp., MetCap Living, and Boardwalk REIT have also issued notices to tenants, asking them to reach out if they are in financial distress and have committed to various degrees of support.

"Right now, our message to our communities is that Greenwin is still here for them. We are committed to working with our residents as much as possible during this difficult time," said Greenwin Corp. CEO Kris Boyce in a statement.

Given the case-by-case nature of these appeals, it's not yet clear just how accomodative the companies will be. Landords are also limited on what immediate action they can take against tenants, since some provinces have suspended eviction tribunals during the crisis.

Kenney at Capreit says the company will be open to both deferring rent until tenants can pay, as well as rent relief in some cases.

He says, however, that he's worried about the roughly 80 per cent of landlords in Canada who are small-scale owners of units and who won't have the same flexibility.

"These are circumstances that we all have to show empathy in and understanding for. But equally, we need to keep the integrity in the system."

The call echoes what has been coming out of Canada Mortgage and Housing Corp., which has asked that people leave both rent and mortage relief to those who need it most while asking those who can to pay their bills.

Source: CBC News: https://www.cbc.ca/news/business/rents-landlord-covid-19-1.5515071



A Message from FRPO - March 27, 2020 

A Message from the Federation of Rental-Housing Providers of Ontario

TORONTO, March 27, 2020 /CNW/ - Our members sincerely care about our residents. We value you and your families. At this time of emergency, especially, we want you to be safe and secure in your homes. We know that many residents have had their incomes disrupted by the COVID-19 emergency. For some, it may be challenging to pay rent on April 1, 2020.

To take some of the stress out of the situation, we have the following advice on what to do if you cannot pay your rent due to the COVID-19 emergency.

  1. Reach out to your property manager by phone or online (to respect physical distancing).
  2. Explain the situation. 
  3. Offer to pay what you can, if possible. 
  4. Ask about government programs you might qualify for, and for the remainder, discuss a plan for how you could repay over time.

Remember, it is important to please pay your rent if you can. To keep buildings operating, clean, and safe, we need to pay our mortgages, operating costs and employees too.

We understand the situation is unpredictable. Some financial help is already on the way, and all levels of government have already taken steps to help maintain incomes or reduce costs:

  • The Government of Canada has introduced the Canada Emergency Response Benefit which provides $2,000 a month for up to 4 months to individuals who have lost their income as a result of COVID-19. The federal government is also providing a 75% wage subsidy for small and medium-sized businesses so they can keep people employed.
  • The Government of Ontario has set aside $148 million for assistance through Municipal Service Managers, which will use the Canada-Ontario Housing Agreement to direct more resources to tenants. The Province has also committed additional financial relief for low-income seniors, families with children and individuals with student loans.
  • Some municipalities have offered grace periods for municipal payments such as property taxes, water and other utilities, and our members commit to take that into account in making arrangements and calculating arrears. 

We are hopeful that these measures will help benefit our residents, but they may take time to reach those in need. We understand. We urge you to keep the lines of communication open with your property manager.

ABOUT FRPO

The Federation of Rental-Housing Providers of Ontario (FRPO) is the province's leading advocate for quality rental housing. FRPO represents over 2,200 rental housing providers who supply and manage homes for over 350,000 resident households across Ontario.

SOURCE Federation of Rental-Housing Providers of Ontario

For further information: Tony Irwin, President and CEO, Phone: 416-385-1100 x20, Email: tirwin@frpo.org


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10 Reasons Why You Should Rent an Apartment with a Den!

By Emma Dawson on 11/08/2019 in Apartment Living Comments (0)

Emma Dawson

10 Reasons Why You Should Rent an Apartment with a Den!

Have you ever walked into an apartment and thought: "I have no idea what I’m going to do with a den?" Don’t underestimate the power of the extra square footage, it can transform your apartment into an exciting, unique and creative living space. Even if you don’t need the extra space, below are 10 reasons that will make you reconsider apartments with dens.

Den is cheaper than an extra bedroom

Image credit: www.homebnc.com

1. It’s Cheaper Than an Extra Bedroom

Need an extra bedroom but don’t have the extra budget?
A den can easily double as an extra bedroom, and often it costs less. Whether it’s a nursery, child’s bedroom or you’ve got a friend moving in, transforming your den into an extra bedroom is a great way to save on costs.

At The Point,in Langley, suites offer spacious luxury dens that are perfect for converting into an extra room. Rent a 2 bedroom suite + den for only $1,995.

Call 604 931 7376 or visit www.caprent.com/apartments-for-rent/langley-bc/the-point/ for more information.

Studying in the Den

Image credit: www.bhg.com

2. Focus on the Important Things with Your Own Home Office

Do you need a quiet space to focus on your future small business or knuckle down and study to ace the next exam? Convert your den into a private home office. All you need is a desk, a comfy chair and of course an extra-large cup of coffee for those long nights.

 

Studying in the Den

Image credit: www.idealhome.co.uk

3. Need More Wardrobe Space?

Do you dream of Carrie Bradshaw’s closet from the Sex and the City movie? Well, a den doubles perfectly as a walk-in wardrobe. All you need are some simple clothing and accessories storage options and you’ve got yourself an instant walk in. Perfect for a budding cosmopolitan lifestyle or simply to show off your fancy sneaker collection.

 

Home Cinema

Image credit: www.cosmopolitan.com

4. Create the Cinema Experience at Home

You won’t have to travel far for the cinema experience, with your own private theatre. Grab some beanbags, blankets and a tv screen. If you want to get adventurous, you can even build a blanket fort! Your den can transform into a cozy room perfect for snuggling up on those cold nights.

 

Meditation Room

Image credit: www.homebnc.com

5. Find Your Zen with a Meditation Room

Imagine having a room in your house that heals your mind, body and soul? A place where you can unwind at the end of the day that allows you to escape the daily stressors of life. A meditation room is the perfect place to find your inner Zen. Add a scented candle, personal decorations and play some soothing music. Before you know it you’ll be a world away!

 

Indoor Garden

Image credit: @thenomadsociety

6. Just Because You Live in an Apartment, Doesn’t Mean You Can’t Have Your Own Garden

Add a bit of greenery to your living space and do some good for the environment at the same time. Dens with windows are the perfect space to create an indoor garden. Fill it up with scrumptious vegetables and herbs that you can use when cooking or create a tropical jungle oasis. The choice is yours.

All of the dens at The Point in Langley have large beautiful windows perfect for letting in natural light. Call 604 931 7376 or visit www.caprent.com/apartments-for-rent/langley-bc/the-point/ for more information.

 

Kids Playroom

Image credit: www.extraspace.com

7. Let the Kids Go Wild Without the Mess, with a Kids Playroom

We all know that when the kids pull the toys out, it’s going to get messy… What if you had a dedicated play room? No more stepping on Lego pieces or tripping over miniature trains. The den just became the kids special play room, which means you can close the door and hide the mess when guests come over.

 

Fur Baby area

Image credit: @_life_of_nirvana_

8. A Place for Your Fur Babies to Call Home

Are your babies of the fur variety? Give them the luxury treatment they deserve by turning your spare space into a doggy den or a cat cave. Fill it up with their favourite toys, treats and a comfy place to sleep. This room can also act as safe retreat for your pet when you’re not home or when you have guests.

 

Book Nook

Image credit: www.apartmenttherapy.com

9. Curl Up in Your Own Private Reading Nook

There’s nothing quite like curling up with a good book on a rainy day. Create a cozy reading nook with an oversized comfy chair, ottoman, fluffy blankets, scented candles, hot chocolate and of course lots of books.

 

Creative Space

Image credit: www.artmyideas.com

10. Design Your Own Artists Studio

Are you a wannabe Warhol, radiant Rembrandt or a passionate Picasso? A den can double as your new artists studio. Line a wall with creative shelving to store all your art materials and get creating.

 


What would you do with your den?

Check out our luxury and spacious dens at The Point in Langley, British Columbia. This beautiful 98 suite, four storey building features modern, professionally designed apartments for rent and is also pet friendly. Call 604 931 7376 or visit www.caprent.com/apartments-for-rent/langley-bc/the-point/ for more information.

 

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