Steep increases stir up calls for rent control in Nova Scotia
The provincial government says the policy ‘doesn’t work’
Many of those landlords are represented by the Investment Property Owners Association of Nova Scotia, led by executive director Kevin Russell.
For their part, Russell said, most landlords in Nova Scotia are not in favour of rent control.
He said rent inflation currently is a symptom of rising costs like insurance. He said insurance companies are also increasingly demanding capital upgrades to buildings to keep them insured.
Beyond the business case, Russell said he believes capping rents “is not the magic elixir to fix affordable housing issues.”… [Read More]