The 59-year-old retired correction officer lived not far from the park and discovered the community of more than 200 houses while he was looking for a resting place for his mother-in-law, now in the years & # 39; 70.  He and his wife bought a house for his mother-in-law in 2007 and enjoyed the community so much that the couple bought their own estate in the park two years later.
Now he regretted letting his hard-earned savings flow into the houses.
"What should I show," he noted. "I will have nothing, I'll lose everything."
It's ironic Peel housing, also known as Peel Living and the largest affordable home provider in the region, forces people from affordable homes to build more affordable homes and homes with a market value, Kellock noted. 19659002] "They move all affordable housing here," says 85-year-old Leonard Lyn, who moved into the community two years ago because he thought that this would be his retirement home.
Peel Living came together with residents of Twin Pines in 1996 to buy the park and stop possible redevelopment when the property was for sale.
The residents' association of the park lent the housing corporation $ 1 million to help with that purchase.
The non-profit organization, directed by District of Peel councilors, signed a 20-year lease with the residents.
In 2012, Peel Living decided to let the lease and to redevelop the land.
Patrick Rostant and his wife, who died of cancer. Seven years ago, they spent their $ 145,000 life savings when they went to the park in 2009.
The 77-year-old retired postman would not mind being forced out of home as often as the housing corporation residents what they paid for their homes.
However, evaluations that were provided as part of a resident transition plan, developed by consulting firm KPMG, said that home values could range from $ 14,000 to $ 131,000.
Patrick Hipson paid $ 150,000 for his home when he moved to the community in 2008 and feels that Peel housing "steals our money" and forces residents "in places they do not want to be."
If Peel spends part of the millions spent on consultants on proper compensation from homeowners, Rostant said, most residents would be happy.
The residents' options are to take the $ 31,000 payout and move, stay and use the cash for buying or renting in the new residential area, or refuse payment and enter into an affordable long-term agreement. residential loan based on income.