Residents of six mobile-home parks on P.E.I. are worried about how a large buyout of properties across the country will impact them — and a U.S. watchdog group says the change in ownership could mean higher fees.
Last month, the Canadian Apartment Properties Real Estate Investment Trust — or CAPREIT — announced it was selling the six parks on the Island as part of a $740 million deal with TPG Real Estate, a private-equity company based in the U.S.
The sale involves 12,138 residential lots for manufactured mini-homes or mobile homes spread across 75 sites throughout Canada.
This is the world we live in, corporations profiting from the housing shortage caused by Trudeau’s mass immigration scam.
What will become of the Trailer Park boys?
