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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Tips for Getting Your Taxes Done On Time

By Trish MacPherson on 08/12/2015 in Apartment Living Comments (0)

Trish MacPherson

Tips for Getting Your Taxes Done On Time

Taxes. Ugh. Do you feel like they sneak up on you every year? Do you do your taxes in a panic,  submit your forms and forget about it for another 364 days? Unfortunately, the funny thing about taxes is that they are always due at the same time each year. You can't say you weren't warned.

The reality is that most people put off unpleasant tasks and preparing an income tax form is one of those tasks. When you do your taxes at the last minute, you may miss some deductions or make other errors that will cost you money. If you owe the government money and submit your taxes late, you will be penalized and you may be charged a monthly percentage based on the balance owing. Do you really want to give away more of your money?

By setting up a few simple systems you can stay on top of your finances year round. Recently, the Professional Organizers in Canada published the following article, 8 Ways to Stay Ahead and Organized this Tax Season, on the Huffington Post. Try out their advice on the habits you should develop to help you sail through the next tax season.

8 Ways to Stay Ahead and Organized this Tax Season

As income tax season creeps forward, many of us wince at the thought of dealing with bursting glove compartments or drawers of faded disorganized receipts, missing electronic documents and the ensuing weekend or evenings spent slaving over the associated paperwork and electronic chores.

Here are 8 tips to help you stay organized and stress-free while filing your taxes:

1.    Whether you receive your bills electronically or via the mail, make a "TO PAY" folder (in your inbox or a file at your desk) to pop them in as they arrive. When it's time to pay your bills they're all in one place and you can be confident that you haven't missed any.

 2.    For your income tax, if there is anything you're not sure how to deal with, don't agonize over it. Stick a post-it outlining the issue onto the paperwork in question and place it in an Income Tax file labeled "Research" or "Ask the accountant."

 3.    Most email software tools have a 'rules' application that will automatically file emails into folders until you are ready to view them. This works well for non-important, frequent emails such as weather notifications or coupon offers. So you can choose to sit in front of the fire with your laptop to look at them at your leisure instead of having an inbox jumbled with unimportant information.

4.    Keep a few zip lock bags and a pen in your car, briefcase or purse. Each month, label a fresh bag with the date. Anytime you get a receipt, just pop it into the bag and collect the bag at the end of the month, transferring any receipts from your purse or wallet at that time. It will be easier to sort through 30 or 40 receipts at a time rather than 500 at the end of the year.

  1. For business receipts, try to jot the client name or reason for the purchase onto the receipt when you get it. You'll save tons of time with your claims if you don't have to rely on your memory when you're submitting them.
  2. Be kind to yourself and schedule a block of quiet time to prepare your taxes or gather paperwork for your tax professional. Most people don't enjoy these projects so arrange for child care, pour yourself a coffee and get it done in a concentrated time rather than attempting to keep your concentration while doing the laundry or driving the kids back and forth to activities.
  3. If you have older kids, ask them to help you with the work. It's great experience as they enter the working world and they can match receipts to statements or enter gas bills into a spreadsheet. They'll be managing their own finances in a few years so they'll get a birds-eye view and you'll only have to deal with the tougher questions. Win-win!
  4. Most of all, keep in mind that 'done' is definitely better than 'perfect.' If you have to stress, do it over a big problem and be kind to yourself if you have misplaced a few receipts.

 

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