Nova Scotia proposes two-year extension to five per cent rent cap until end of 2027

1 year ago 7
ARTICLE AD BOX

By The Staff The Canadian Press

Posted September 6, 2024 11:04 am

1 min read

 'Residents worry as rent cap in Nova Scotia increases'

1:52 Residents worry as rent cap in Nova Scotia increases

The rent cap in Nova Scotia has increased from two to five per cent as of the new year. But with the affordability and housing crisis still rampant, some residents are worried about the impact this could bring. Amber Fryday reports. – Jan 2, 2024

The Nova Scotia government is proposing to extend its five per cent cap on rent increases another two years.

Service Nova Scotia Minister Colton LeBlanc says legislation tabled today would extend the cap — set to expire Dec. 31, 2025 — to the end of 2027.

LeBlanc says the five per cent ceiling balances the needs of landlords and tenants, both of whom are facing increased costs.

Other proposed changes would allow landlords to issue eviction notices three days after rent is due instead of 15 days, while tenants would be prohibited from subletting units for more rent than they are currently paying.

Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day.

Get daily National news

Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day.

As well, the bill proposes clearer conditions for landlords to end a tenancy, such as criminal behaviour, disturbing fellow tenants, repeated late rental payments and extraordinary damage to a unit.

Story continues below advertisement

LeBlanc says his department decided against creating a rental compliance and enforcement unit, saying there are adequate protections for tenants under existing rules and regulations.

Trending Now

 'Protesters call for fixed-term lease ban during rally at N.S. politician’s office'

2:03 Protesters call for fixed-term lease ban during rally at N.S. politician’s office

This report by The Canadian Press was first published Sept. 6, 2024.

&copy 2024 The Canadian Press

Read Entire Article