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Varun Sriskanda Profile
Varun Sriskanda

@VarunSriskanda

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Member of the Board of Directors at Small Ownership Landlords of Ontario Inc. Proud housing policy & landlord advocate. Reach me at varun @sriskanda .com

Toronto, Ontario
Joined May 2009
Don't wanna be here? Send us removal request.
@VarunSriskanda
Varun Sriskanda
1 month
There are some subdivisions in Niagara that look like ghost towns. Completed but unsold inventory. Unsold lots with no buyers. Empty houses with for sale signs. No kids playing at the park.
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@VarunSriskanda
Varun Sriskanda
2 months
Today at the LTB: A Toronto realtor (who posts flashy pictures riding around in a Lamborghini) is at the LTB after his landlord alleges he hasn’t paid the $11,000/month rent in a few months. Full eviction order with no redactions to be posted soon
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@VarunSriskanda
Varun Sriskanda
1 year
2 Teslas. A law practice. A brand new Mattamy built home in Brampton that he got for under $700K. He then spent $800K on deposits for 2 luxury homes in Oakville totalling $5 Million and is stuck when prices fall. Well, that’s real estate! Profit is never guaranteed.
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@VarunSriskanda
Varun Sriskanda
5 months
This looked pretty realistic. It’s going to be hard for some people to identify this as fake.
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@VarunSriskanda
Varun Sriskanda
1 year
Ideal Developments owned by Shajiraj Nadarajalingam (or "Shaji" as he is often called) was once a full fledging real estate development company with numerous projects in the pipelines including high-rise condos, townhomes, mansions and pre-fabs in the GTA.
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@VarunSriskanda
Varun Sriskanda
5 months
20 years ago agents made 2.5% of the purchase price when representing the buyer of a $300,000 house. Today they make the same amount but that same house is worth $1 Million+. Has the amount of work required significantly increased to warrant a $20,000 per deal pay increase?
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@VarunSriskanda
Varun Sriskanda
1 year
I learned today OPP will be laying charges against a tenant that obtained housing using forged paystubs, credit scores, job letters and identity documents. Those tenants never imagined their Landlord would book an appointment with me. Always hold criminals accountable.
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@VarunSriskanda
Varun Sriskanda
2 years
There's plenty of Canadian homeowners who were living a lifestyle using the growing equity in their home. Refinancing to renovate, buy a Benz, go on vacation & maybe buy another rental. Home owners today are waking up to reality and giving their lifestyles a complete overhaul.
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@VarunSriskanda
Varun Sriskanda
5 months
Not paying your rent in Ontario has consequences. This tenant is threatening to sue an old landlord for uploading the LTB eviction order on The tenant has no case. It is not a breach of privacy to post the order of a court/board/tribunal.
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@VarunSriskanda
Varun Sriskanda
4 months
Toronto in 1 picture
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@VarunSriskanda
Varun Sriskanda
5 months
Today at the LTB in Guelph: Tenant racked up $43K in rental arrears. Filed for bankruptcy in February and sought protection from the landlord creditor. Rental arrears is cleared so the tenants can not be evicted. The landlord is scheduled to lose the house to the bank in April
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@VarunSriskanda
Varun Sriskanda
2 months
1 bedroom 1 bath no den. For lease at $2400/month. No parking. No locker. Utilities not included. Call me.
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@VarunSriskanda
Varun Sriskanda
4 months
Today at the Landlord and Tenant Board: The tenancy will not be terminated. The Tenant agrees to not make anymore threats towards the landlord or his staff for a period of 1 year starting today. Gotta love the LTB. Take your money elsewhere. Ontario is not a safe investment.
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@VarunSriskanda
Varun Sriskanda
2 years
The shooter in the Vaughan condo situation is 73 year old Francesco Villi. He sued the 6 directors of YRCC 1139 in July. He believes that the electrical room beneath his unit is improperly constructed, resulting in the emission of electromagnetic waves which have caused him pain
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@VarunSriskanda
Varun Sriskanda
4 months
Forcing landlords to disclose the rent price history of their units will help tenants feel like they have more power/leverage when shopping for a rental unit. It does absolutely nothing to address the ridiculously high cost of renting in Ontario.
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@VarunSriskanda
Varun Sriskanda
1 year
Small landlords protest in Mississauga
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@VarunSriskanda
Varun Sriskanda
2 years
Canadians don’t want a “free” car with their condo. They want an affordable home without the frills on top. We can reduce prices if we drastically cut the commissions for Realtor’s and restrict giveaways/promotions on new construction projects. We should all be offended by this:
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@VarunSriskanda
Varun Sriskanda
2 years
Media advisory: Small landlords in Ontario will be meeting with lawyers tomorrow to discuss legal action against the Landlord and Tenant Board.
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@VarunSriskanda
Varun Sriskanda
2 years
After taking possession of a property back from defaulting tenants my clients discovered receipts for the tenants plastic surgery. Not to mention the Gucci purses. She couldn’t pay rent during 2021 but had $18k in cash for this.
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@VarunSriskanda
Varun Sriskanda
4 months
To answer your question: We are keeping properties empty because it’s better to have no rent income for 1-2 months than be stuck with an awful tenant and have 1 year + of no rent. If you want landlords to take a chance on you we need automatic evictions in Ontario.
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@VarunSriskanda
Varun Sriskanda
1 year
All payments of rent, non payment or late payment gets reported to Equifax. Remember that the next time you want to participate in a rent strike.
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@VarunSriskanda
Varun Sriskanda
1 year
This exposes an industry that makes it very easy for inexperienced fly-by-night developers to come in, take deposits, not build & leave with the money to rinse & repeat with another business name. We need more protection for home buyers & tougher penalties for white collar crimes
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@VarunSriskanda
Varun Sriskanda
5 months
Do you think the Realtors that make $250,000/year and up in Ontario could make the same amount selling ANYTHING ELSE?
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@VarunSriskanda
Varun Sriskanda
5 months
The postal code M5V (Toronto) had 121 cases and it is the highest non-payment of rent across the entirety of Ontario's court orders: $1,727,041.08. The average dollar per case was $14,273.07 owed. Source:
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@VarunSriskanda
Varun Sriskanda
1 year
Small landlords are telling us the current wait time to evict with the Sheriff in Brampton, Ontario is 6-8 weeks. This means a tenant can live for 2 months rent free even AFTER the LTB makes their decision and orders an eviction.
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@VarunSriskanda
Varun Sriskanda
2 months
I truly believe this is the only way to prevent a car from being stolen in Toronto.
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@VarunSriskanda
Varun Sriskanda
2 years
Its reported the Vaughan shooting were 6 members of Board of Directors for YRCC 1139 which is the governing body of 9325 Jane Street (Jane/Rutherford Condos). Online the condo corporation is described as “corrupt” and the management as incompetent.
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@VarunSriskanda
Varun Sriskanda
2 months
@nasmadotali Ya like every other typical realtor? These units rent themselves. It will likely be leased in the next 12 hours. Im a realtor that’s sick and tired of cookie cutter condos that have insane rent prices & the lack of purpose built rentals in this province that contributed to that
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@VarunSriskanda
Varun Sriskanda
2 years
Getting tired of seeing the cars of Realtor’s in promo videos. We get it - you drive an expensive car. Unless it’s included in the sale of the home please give it a rest. It’s cheesy not classy. The rest of insta is not impressed. We don’t work in the automotive sector.
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@VarunSriskanda
Varun Sriskanda
2 months
@jayessisbach It’s not. That’s the scary part
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@VarunSriskanda
Varun Sriskanda
1 year
This is a clip filmed by friends of Shaji. This is the interior of his mansion at 5 Ridgevale Drive. Note the Lamborghini Aventador parked inside beside his wine cellar and the basektball court. This lifestyle wasn't earned. It is paid for by other peoples deposits.
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@VarunSriskanda
Varun Sriskanda
1 year
Because opening a garbage chute door to toss your trash is just far too much work - right? Condo buildings tend to take a downward spiral once more than half the units are tenant occupied. So that’s basically most condo buildings.
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@VarunSriskanda
Varun Sriskanda
5 months
@amredman Especially for that amount. And phone companies never give back money 🤣
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@VarunSriskanda
Varun Sriskanda
5 months
Deeply saddened by the murders of 6 fellow Sri Lankans in Ottawa today. A man who was in Canada as an international student from Sri Lanka has been charged with 6 counts of murder and 1 count of attempted murder. The accused lived inside the home.
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@VarunSriskanda
Varun Sriskanda
1 year
6 people in the Chinese community say mortgage broker Po Yuk "Peggy" Chan of Northwood Mortgages defrauded them of close to $800K. This shouldn't be surprising to anyone who works in the RE industry in Canada. Great reporting by @FarrahMerali
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@VarunSriskanda
Varun Sriskanda
5 months
“They got money for wars but can’t feed the poor” - Tupac Shakur Reminded of that quote as I learn Trudeau will give Ukraine $3 Billion.
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@VarunSriskanda
Varun Sriskanda
1 year
@gakhal_jas yup and they get to keep his money because he was greedy and foolish enough to sign on the dotted line and agree to pay $2.5M for a cookie cutter house.
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@VarunSriskanda
Varun Sriskanda
1 year
How Sayanthan can afford a $11M mansion while at the helm of a TSX-V traded company which plummeted in value by 97% in 6 months is another story of fraud, market deceit and how people easily get away with white collar crimes in Canada. He pumped it, got the mansion & dumped stock
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@VarunSriskanda
Varun Sriskanda
2 years
🧵I've had a ton of people share with me the article of a couple who had their house unknowingly sold while they were on vacation. Many of you want to know how this is possible and how to protect yourselves. This is called title fraud. Read more below.
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@VarunSriskanda
Varun Sriskanda
1 year
What do you do when you can’t afford the mortgage payments on your massive build?
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@VarunSriskanda
Varun Sriskanda
6 months
Yucheng Mao hasn’t paid more than $60K in rent at a 52nd floor condo at 181 Dundas Street West in Toronto. He has been evicted & will likely be seeking another rental in the city. He may be using a “straw tenant” to secure a rental on his behalf. Small landlords protect yourself
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@VarunSriskanda
Varun Sriskanda
1 year
Olivia Chow was elected on a platform that will discourage investment in multi-family housing, deter corporate landlords from constructing new rental units in Toronto and increase property taxes beyond rate of inflation for struggling home owners/landlords in Toronto.
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@VarunSriskanda
Varun Sriskanda
28 days
@TamilGuardian Who mourns the death of terrorists? Another terrorist.
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@VarunSriskanda
Varun Sriskanda
5 months
I know within the first 5 minutes of meeting a tenant if I’m going to pass on them or proceed to screen them. Did they arrive on time? How is their appearance? Do they drive? How does their car look? Signs of drug use? Who did they come with? Did they bring their ID with them?
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@VarunSriskanda
Varun Sriskanda
2 months
So you want to provide housing in Ontario?
@LandlordsSolo
SOLO Landlords
2 months
My tenant finally agreed to move look at the mess. It's horrific. Been a landlord 13 years, no more! Sorry for the rant but this business has left my mental state damaged, myself almost penniless and has caused my family alot of grief, I feel so broken and helpless. #FixTheRTA
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@VarunSriskanda
Varun Sriskanda
1 year
The reason why Shaji felt the need to steal money from innocent home buyers smells like any other ponzi scheme. It's a pathetic attempt at propping himself up on a pedestal, living a lifestyle while struggling to present himself as a knowledgeable/successful real estate venturist
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@VarunSriskanda
Varun Sriskanda
4 months
We need evictions of non paying tenants in 30 days. We would see a sudden decrease in non-payment cases. Professional tenants will stop taking advantage of backlogs to live for free. Rental supply would increase just as fast as LL market confidence.
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@VarunSriskanda
Varun Sriskanda
1 year
I’m pleased to hear landlords & tenants are getting their applications heard sooner - within 4-6 months. This is down from 8-10 months. There is still a long way to go. We need hearings in 30 days.
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@VarunSriskanda
Varun Sriskanda
2 years
Fixed and variable rate mortgages are likely peeking out this week and we could start to head back down as we go into 2024. As interest rates go down we are likely to see an uptick in buying activity amongst buyers. Now is not the time to buy tho. Here's why:
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@VarunSriskanda
Varun Sriskanda
1 year
Then came Ideal Developments which has more failed projects than successful ones. In the last 10 years they have sold & taken deposits on 600+ units across the province, none of which were ever built. It appears Shaji only builds when it benefits him.
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@VarunSriskanda
Varun Sriskanda
1 year
I recently was asked to evict a tenant from a penthouse condominium downtown Toronto and find a new tenant. The monthly rent is $5000. Landlord gets a call from the building. This doesn’t surprise me. If you’re saving $5000 a month on rent leasing/financing a lambo should be easy
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@VarunSriskanda
Varun Sriskanda
2 years
Just another day in the city of idiot drivers
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@VarunSriskanda
Varun Sriskanda
5 months
@RoadnBridgeGuy They wouldn’t succeed. They make a lot now because commissions are unfairly high. Not because they are phenomenal sales people.
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@VarunSriskanda
Varun Sriskanda
2 years
The media keeps talking about Villi being an abusive & controlling father. They aren't talking about the electrical room below him, if it's built to code, if he experienced a humming noise in his unit or why other condo owners also complained of runny noses. Change the narrative.
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@VarunSriskanda
Varun Sriskanda
5 months
Realtors: Please normalize this in your broker remarks: "Landlord will conduct their own credit check using Single Key. Please only submit income information. All credit checks submitted will be verified for authenticity" You can cut out a good amount of offers with fake docs.
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@VarunSriskanda
Varun Sriskanda
1 year
A number of Plaintiffs who put down $750,000 to purchase prefabricated homes from Ideal Developments in Mississauga are seeking a determination that the transfer of title to Sayanthan for $11m is invalid, fraudulent and was done only to evade creditors:
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@VarunSriskanda
Varun Sriskanda
2 years
🧵1/ Last month a small landlord approached me with a problem I hear often. He had a tenant that was 3 months in default. He filed an L1 and called me to learn what else can be done. Waiting 10 months for a hearing with no rent while paying the mortgage will ruin him.
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@VarunSriskanda
Varun Sriskanda
2 years
Racism in real estate: I see this often. Landlords have a preference for the race of their future tenant. In this case mandarin/cantonese speaking tenants only. Listed for lease by a realtor which makes it even worst. What’s the point of hiring the “pros” if they break rules.
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@VarunSriskanda
Varun Sriskanda
1 year
Shaji always attempted to present himself as a highly successful and dedicated philanthropist within his community. He started Ideal Hope which claimed to have built 36 houses in Sri Lanka, they never got charitable status and their website is now dead:
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@VarunSriskanda
Varun Sriskanda
2 years
Ashley Hope Nelson took over a FB group called “Landlord Rights Group” with 6K members and renamed it “Tenants Rights Group”. The group is now full of messages telling LL’s to kill themselves:
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@VarunSriskanda
Varun Sriskanda
1 year
@DrRealist nah im good.
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@VarunSriskanda
Varun Sriskanda
5 months
@Ahrrggghh My best tenant was done with a handshake agreement. On paper he was a shit show but he remained in the unit for more than a decade until he died. Great guy, hard to find solid folks like him now.
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@VarunSriskanda
Varun Sriskanda
1 year
So you want to buy a pre-con condo but you're concerned you cant make mortgage payments? Evertrust Developments is offering a "mortgage top up" where they pay $1000 per month towards your mortgage to a maximum of $24,000.
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@VarunSriskanda
Varun Sriskanda
1 year
Just listed for $9999/month in Kleinburg!
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@VarunSriskanda
Varun Sriskanda
2 years
What if I stole your car and then hired a lawyer to negotiate the return of that car for some cash? Sounds illegal right? So why are paralegals telling LL's that a Tenant will move out for cash. If you know a paralegal/lawyer that did this please DM me. It's extortion.
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@VarunSriskanda
Varun Sriskanda
6 months
@RE_MarketWatch This reads like south asian marriage proposals
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@VarunSriskanda
Varun Sriskanda
2 years
I'm not sorry for anyone complaining of higher property taxes as a result of Bill 23 passing. We are in a housing crisis. We need more homes. Everyone has to do their part and that may mean you forking over a little bit more every month.
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@VarunSriskanda
Varun Sriskanda
1 year
Using money from promissory notes and private mortgages on undeveloped/vacant houses Shaji started "Ideal Entertainment" in an effort to collaborate & make movies with legendary composer AR Rahman. Rubbing shoulders with celebrities boosted his image and helped hide his crimes.
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@VarunSriskanda
Varun Sriskanda
2 years
Let’s use today to remember one of the leading Tamil lawyers: Alfred Duraiappah. He was murdered inside Ponnalai Varadaraja Perumal Kovil (temple) by the LTTE in 1975. The Tamil community should be saddened by the loss of Tamil legal scholars, not celebrating it. #TamilHistory
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@VarunSriskanda
Varun Sriskanda
1 year
An “award winning” Realtor with a Homelife brokerage screened/placed a tenant for their landlord client. All the documents were fake. Ignored huge red flags. Tenant defaulted from month 2. Realtor awards mean NOTHING. They aren’t given to those who display the most competence.
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@VarunSriskanda
Varun Sriskanda
2 years
7/ This needs to end. Far too many small landlords are putting themselves into financial ruin by taking a chance on a tenant that doesn’t qualify for market rate rentals. This LL felt bad for the young couple with a child that had trouble finding another house. Big mistake.
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@VarunSriskanda
Varun Sriskanda
2 years
@ATHOMEActivism Many condo corps are made up of friends who work together to control the corporation. I’ve seen landscape, snow removal and CCTV installation contracts be given to friends of the board members in exchange for kickbacks (not this building).
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@VarunSriskanda
Varun Sriskanda
1 year
I previously released a tweet in regards to a tragic situation in Hamilton, Ontario which saw 3 lives lost. The tweet was insensitive, careless and failed to account for the gravity of the situation. I sincerely apologize for my poorly chosen words.
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@VarunSriskanda
Varun Sriskanda
1 year
This is the mansion next door at 5 Ridgevale Drive. Shaji took title in 2014 for $1.3M & then sold it to Sayanthan Navaratnam (CEO FaceDrive until Sept 2021) for $11M in 2020. The money used to build this mansion/lifestyle was the money taken as deposits on other failed builds.
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@VarunSriskanda
Varun Sriskanda
10 months
This is extremely bad advice. Extorting your landlord won’t end well for you - trust me. What this lazy Canadian investor hasn’t taken the time to learn is what can happen to the tenant when they are caught attempting to extort their landlord for cash.
@JimChuong
The Lazy Canadian Investor 🇨🇦🇺🇸
10 months
If you are a tenant in Ontario and the landlord wants you gone, consider a cash for keys deal. $20k or $30k minimum. Make sure a paralegal is involved. Money needs to be in trust or as certified cheque so you dont get screwed. Once you get the money landlord gets the N11.
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@VarunSriskanda
Varun Sriskanda
3 months
Ahad Khan and Tasmina Amberin are back in the LTB today for another non-payment of rent case. They are professional tenants that bounce from house to house using LTB delays to live for free. This article is about their use of fake documents:
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@VarunSriskanda
Varun Sriskanda
1 month
@TSSW10 Basically. Plus anyone who owns a business in Niagara. Ton of retired folks
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@VarunSriskanda
Varun Sriskanda
1 year
Big flashy mansions in Markham benefits Shaji. This is the artists impression & in progress work for 3 Ridgevale Drive, Markham. The house that was demolished was purchased by a "straw buyer" of Shaji's in May 2017 for $1.7M. Title changed 3 more times afterwards within 12 months
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@VarunSriskanda
Varun Sriskanda
2 months
L1 application filed December 2023. Hearing is scheduled for this week. 8 month wait with no rent. At $2600/month it works out to $20,800 in losses. Order will be on this week which will severely impact their ability to secure future market rate rentals.
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@VarunSriskanda
Varun Sriskanda
1 year
Why do real estate agents keep saying "stop renting". What's wrong with paying rent and not having to deal with the headaches of home ownership? Why do we ridicule people for choosing to rent vs buy? Why do agents not value the work they do for Tenants?
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@VarunSriskanda
Varun Sriskanda
1 year
Landlords became landlords to earn a profit, not to provide subsidized housing for those who can’t pay market rents:
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@VarunSriskanda
Varun Sriskanda
1 year
Realtors: When you make promo videos please remember we are buying the house. Nobody cares what car you drive. This guy didn’t get the memo.
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@VarunSriskanda
Varun Sriskanda
5 months
@drewinning @RE_MarketWatch It’s coming. All we need is an algorithm that connects a pre qualified buyer with a person looking to sell.
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@VarunSriskanda
Varun Sriskanda
1 year
In the early 90's Shaji started his branding of Ideal with Ideal Flooring in Markham. They quickly became popular but it wasn't long before allegations surfaced that Ideal was inflating the sqft of customers homes to provide higher than needed estimates to complete jobs.
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@VarunSriskanda
Varun Sriskanda
10 months
Vadim Vilensky has been suspended from Re/Max Realtron. Not exactly sure what he said or posted (related to Israel-Palestine issue) but his social media has since been removed.
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@VarunSriskanda
Varun Sriskanda
1 year
Ice Condos also known as a Landlords nightmare. Would love to be a fly on the wall at condo board meetings for this building.
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@VarunSriskanda
Varun Sriskanda
2 years
Why didn't his Realtor say "maybe a $1.9M house with all these upgrades isn't for an Uber driver". The buyer over extended himself and his Realtor allowed it to happen. Nobody ran through "what-if scenarios" with this buyer.
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@VarunSriskanda
Varun Sriskanda
5 months
It’s always a hassle collecting rent but keeping it cool with your tenants and not being an asshole is important.
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@VarunSriskanda
Varun Sriskanda
2 years
I once rented a small mattress in a furnace room at Midland & Kingston for $350 a month. Yes, I slept with the furnace. There’s a reason I get insanely angry when Realtor’s don’t know housing struggles.
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@VarunSriskanda
Varun Sriskanda
2 years
@bcinflation You are losing respect from a ton of real estate professionals. You took out a bunch of loans to buy a bunch of houses without planning for an increase in interest rates. Nobody feels sorry for you.
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@VarunSriskanda
Varun Sriskanda
2 years
4/ After filing the L1 I went to Toronto Police Service and sought approval to protest at the property tomorrow The purpose was to bring to the public’s attention the backlogs at the LTB and how powerless a small landlord is once they provide housing to a professional tenant.
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@VarunSriskanda
Varun Sriskanda
2 years
I have been part of a condo board meeting in Scarborough where police were called to help keep the peace. Many owners feel powerless and voiceless, especially since condominiums are popular starter homes for new comers, immigrants and those inexperienced with cdn real estate.
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@VarunSriskanda
Varun Sriskanda
5 months
@LiferJays @RE_MarketWatch I think it’s easier today than it was 20 years ago
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@VarunSriskanda
Varun Sriskanda
1 year
I learned today there are paralegals (I have names) who teach and encourage tenants to use LTB backlogs to their advantage and evade their contractual obligations even if they have the money to pay rent. Complaints to @LawSocietyLSO coming shortly.
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@VarunSriskanda
Varun Sriskanda
1 year
@RE_MarketWatch @ronmortgageguy he sold it to her. better save her deposit $ or its divorce court. far too many people get screwed by their realtor thats also family. usually with selling them a bad deal they cant get out of or placing a "professional" non-paying tenant in their rental.
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@VarunSriskanda
Varun Sriskanda
1 year
@bonds888888 This is so true. You definitely know what you’re talking about lol
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@VarunSriskanda
Varun Sriskanda
1 year
Tenants in Windsor have been charged for fraud under $5000 after the Landlord discovered they lied on their rental application. The previous landlord reference the Tenants provided wasn't the owner of the property:
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