Investment Property Owners Association says rent control doesn’t work

‘What’s going on in the market is a response to landlords wanting safe housing,’ says Kevin Russell

The Investment Property Owners Association of Nova Scotia says rent control is not the solution to HRM’s lack of affordable housing.

Kevin Russell is the group’s executive director, and tells News 95.7’s the Todd Veinotte Show, research around the world shows rent control doesn’t work.

“It stifles investment in investment properties for residential units… and when rent control is in a jurisdiction investors pull out and move to another jurisdiction and this will not help the supply issue,” he says… [Read More]