More than two dozen renters and homeowners on the east side of Pape Avenue in Riverdale have recently learned that they will have to give up their homes – at least temporarily – for the construction of the new Ontario Line.
With the amount of money thouse houses are going for, the owners sure arn’t going to be homeless anytime soon. The renters have been promised like for like relocation.
From my understanding the government has also promised to give them first right of refusal to buy back the properties after the works have been completed and they’ve done a structural inspection, so depending on how the price evaluation is done they may well end up making a hundred thousand or so off this whole thing.
I think gov’t can expropriate property at market prices. They won’t get much more than the going price for those houses. It’s in the law.
It puts these residents at a major disadvantage and hardship.
I can see this causing some residents, who can no longer afford to live somewhere else, to become homeless.
With the amount of money thouse houses are going for, the owners sure arn’t going to be homeless anytime soon. The renters have been promised like for like relocation.
From my understanding the government has also promised to give them first right of refusal to buy back the properties after the works have been completed and they’ve done a structural inspection, so depending on how the price evaluation is done they may well end up making a hundred thousand or so off this whole thing.
That’s a little more encouraging. I hope it works out for those families.