Councillor Josh Matlow

Global Toronto: Developer pressuring home owners near Yonge and Eglinton say residents

May 4, 2012

 

A possible development in the Yonge and Eglinton area has a few homeowners on Soudan ave crying foul, saying they feel pressured by the developer to sell their homes.

Michelle Zafir, who lives in a semi-detached house on Soudan ave, received a letter in early March from Compten Management Inc, offering $750,000 for her house. A price, she says, that is “not sincere, and not serious.”

“Homes in the neighbourhood,” Zafir said. “are going for $800,000 or $900,000.”

 

Though, Jack Greenberg, President of Compten Management inc, said that $750,000 – which he claims was asked for from Zafir – is a more than a fair offer for a residential home in that area.

Compten Management has been sending offers to homeowners in the neighbourhood in an attempt to purchase land.

The company currently owns two nearby apartment buildings at 44 Dunfield ave., and 33 Holly St.

“The letter they received was not written in a very civil way,” said Councillor for Ward 22 Josh Matlow. “I do expect them to treat my residents with civility and respect, and work with them rather than at them.”

Though no plans to develop the area have been presented to the city, a letter sent to residents, states there will be two towers built to the north and south of the homes on Soudan ave.

Zafir though says she will not sell her house.

Alleging there have also been a number of actions that are meant to pressure residents of the area to sell their homes to the developer, Zafir says she feels insulted by a suggestion in the letter that says the development will be built around properties that are not sold.

Though Greenberg says, none of his actions were meant to bully or threaten Zafir, and the offer was in fact, according to Greenberg, more than market value.

“I can’t force anybody to do anything, can’t threaten anybody with anything,”

Greenberg said. “She’s entitled to her opinion just like everybody else on that street is entitled to their opinion.”

The issue is not about new development in the area, says Councillor Matlow, but rather the conversation that happens between the residents of Toronto and developers.

“This isn’t a question about whether development is a good thing or not, it’s about how developers approach homeowners,” Matlow said. “I think it would be very different for instance, if they were approached in a civil way and given a buyout offer they thought was reasonable.”

 

To read this article on globaltoronto.com, please click here.

2017-05-29T19:25:20+00:00

2 Comments

  1. Ms Silver February 4, 2022 at 9:19 pm

    Compten Management has a history of walking over Tenant Rights including the Human Rights Code!
    Thank you Josh for standing up for a resident in your area who was being bullied by Compten Management!
    This company needs to be put in their place and be told that they CANNOT treat people like this.
    They CANNOT threaten, bully, coerce and harass residents and tenants living in the neighbourhood or buildings they manage like this.
    It is unconscionable!
    It’s absolutely egregious!
    Also – they are not just a Management Company – but they are Developers too!
    I think that as Developer’s who put applications into the City Planning Dept – when a Company has a poor record of treating tenants or residents like this they should NOT have their applications passed. This was done in NYC where Developers had to have at minimum 5 years of “good behavior” in the past for their application to be approved by the board for redevelopment. If a similar law and remedy was enacted by City Council was enacted it would discourage such behaviour from these types of financialized Landlords and Developers who think they can bully and threaten their way through these processes.
    Thank you AGAIN Mr. Matlow for standing up to a bully like Compten Management.
    If this is how they treat a regular resident who lives in an area they wish to develop….. Imagine how they treat tenants who actually LIVE in the buildings that they manage and they have power and control over. Let me tell you… it’s awful… and despite attempts to fight back, Compten Management is owned by a Lawyer Jack Greenberg and that fact is used against tenants to coerce them into not fighting – or they threaten to sue tenants or use legalese in letters to force tenants into compliance. This is NOT right! “A Concerned Citizen”

  2. Ms Silver February 4, 2022 at 9:19 pm

    Compten Management has a history of walking over Tenant Rights including the Human Rights Code!
    Thank you Josh for standing up for a resident in your area who was being bullied by Compten Management!
    This company needs to be put in their place and be told that they CANNOT treat people like this.
    They CANNOT threaten, bully, coerce and harass residents and tenants living in the neighbourhood or buildings they manage like this.
    It is unconscionable!
    It’s absolutely egregious!
    Also – they are not just a Management Company – but they are Developers too!
    I think that as Developer’s who put applications into the City Planning Dept – when a Company has a poor record of treating tenants or residents like this they should NOT have their applications passed. This was done in NYC where Developers had to have at minimum 5 years of “good behavior” in the past for their application to be approved by the board for redevelopment. If a similar law and remedy was enacted by City Council was enacted it would discourage such behaviour from these types of financialized Landlords and Developers who think they can bully and threaten their way through these processes.
    Thank you AGAIN Mr. Matlow for standing up to a bully like Compten Management.
    If this is how they treat a regular resident who lives in an area they wish to develop….. Imagine how they treat tenants who actually LIVE in the buildings that they manage and they have power and control over. Let me tell you… it’s awful… and despite attempts to fight back, Compten Management is owned by a Lawyer Jack Greenberg and that fact is used against tenants to coerce them into not fighting – or they threaten to sue tenants or use legalese in letters to force tenants into compliance. This is NOT right! “A Conerned Citizen”

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