Landlords invest miilions of dollars in rental units. They do not have to do this; it is a risk they take when there is an acceptable ‘rate of return’ on their investment. These landlords are businessmen and if they can obtain a greater rate of return by renovating or even
demolishing these units, they are entitled to do so.
Tenants sign a lease for a set period of time. A lease is not a contract for perpetual entitlement.
Jim McClure, Puslinch