IPOANS Insight Poll

Rent Cap Extension

INSight Snap Polls allows subscribers to provide IPOANS with insight into industry trends.

The Rent Cap in Nova Scotia will be prolonged for an additional two years after its current expiry on December 31, 2023, as per the government's announcement. Starting from January 1, 2024, the cap on rent renewals will be increased to 5%, which is higher than the existing 2%.

Here is this week's INSight Snap Poll question.

Does the 5% cap encourage you to continue owning rental properties, or would it prompt you to sell or contemplate selling them?

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