Groups across the Maritimes say temporary protections erected around COVID-19 don’t solve the chronic shortage

Kevin Russell, executive director of the Investment Property Owners Association of Nova Scotia, says while there are occasions when building owners seek big rent hikes, most are looking to cover the expenses of refurbishing aging housing.

“To sit here and armchair quarterback is really tough. Overall rent increases across the province for the last 20 years was 2.1 per cent (annually),” he said in an interview last week, citing a Canada Mortgage and Housing Corp. survey of average rents… [Read More]