Rent control could be extending its stay in Nova Scotia
Premier Iain Rankin says some form of rent control could remain in Nova Scotia even after the provincial state of emergency is lifted.
In the face of a housing crisis most prominent in Halifax, but not restricted to the capital city, the provincial government brought in measures last November, including an annual rent increase cap of two per cent.
The housing minister at the time said the measures would remain in place until Feb. 1, 2022, or until the state of emergency related to COVID-19 was lifted, whichever comes first.
During an appearance at a Halifax Chamber of Commerce event on Wednesday, however, Rankin said measures would likely need to be in place longer than that.
“That rent control will remain until we see a better supply and demand mix in the market,” he said in answer to a question about housing challenges… [Read More]