Tenants of 130 Gowan Avenue in Toronto are fighting an abusive rent increase from their landlord, Starlight Investment. Several tenant groups will demonstrate in support in front of the Montreal headquarters of the Public Sector Pension (PSP) Investment Board, a major investor in Starlight. Tenants will also denounce the financialization of the housing market in Montreal.
A Crown corporation, PSP is one of Canada’s largest pension investment managers, controlling the retirement funds of civil servants, the RCMP, Armed Forces, and the Reserves. They invest heavily in housing – their real estate portfolio is worth 56 billion dollars, 37.4% of which is in seniors residences and apartment buildings.
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