Nova Scotia to ease rent hike caps at end of 2023
The Nova Scotia government will extend a cap on rent hikes, but it plans to ease the restriction at the end of the year to allow increases of up to five per cent.
“Every day we are hearing that people are not just facing rent increases of a couple hundred dollars – which is the situation we were in when the rent cap was first in place – we are hearing from people whose rents are being doubled and tripled,” Hussey said Wednesday. Hussey said this is a significant concern among renters who come to Dalhousie legal aid for help and it would appear that fixed-term leases are becoming more common.
During a bill briefing Wednesday, LeBlanc said “it’s fair to acknowledge that some landlords have used fixed-term leases for unintended use and it is frustrating.” He suggested the current two per cent cap has led more landlords to turn to fixed-term leases. “I am hopeful that this five per cent rent cap will alleviate some of those challenges,” he said.
She said that under the newly announced five per cent cap, “we will continue to see people selling their properties. We will continue to see people displaced.”
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