Small Ownership Landlords of Ontario

Landlords Helping Landlords

Small Ownership Landlords of Ontario

Landlords Helping Landlords

Solo vice chair to Global News: “what this landlord is going through is indicative of a broken rental system that is overburdened.”

For 16 months Brad Maisonville has had to drain his savings, borrow from friends and take on loans to cover missed mortgage payments – for a tenant that is failing to pay her rent, but won’t move.

Now, Maisonville says he’s out at least $50,000.

“All my savings is gone, I’m in a huge debt all because of this,” Maisonville said.

The 52-year-old Maisonville, a co-owner of the Joys of Music in Scarborough, also owns the unit for his music school and the unit above, a two-bedroom apartment. He bought the property in 2012, hoping it would be his retirement plan and where he’d end up living forever. But when COVID-19 hit and his music school had to shutter, causing him to dip into his savings, he rented out his apartment and moved into a smaller place. (…)

Continued on Global TV website

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