We are now aware of 26 co‑op eviction decisions released by the LTB. Of those, we know that 17 settled at the Case Management Hearing stage. Case Management Hearings are conducted primarily in person, but also by telephone on occasion. Our experience at Case Management Hearings has been a positive one – the parties have come prepared to agree to repayment terms with an understanding of the consequences to co‑op members who default. Unfortunately, across the province the LTB has reported that two of the settlements have failed; in those cases, co‑op members who have agreed to settlements did not fulfil their terms and have been evicted as a result. But as far as we know the remaining 15 settlements are in place and working to keep co-op members back on track with payments.
Continue reading “More news from the LTB on co-op evictions”