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Rent control could do more harm than good, says N.S. property owners group

Calls for rent control growing louder as tenants battle low vacancy and rising costs

The head of a group representing Nova Scotia building owners says steep rental increases aren’t the problem, but a symptom, of a decades-long issue that governments have failed to address.

Kevin Russell, executive director of the Investment Property Owners Association of Nova Scotia, said property owners are facing rising costs, too, and in many cases, have no choice but to pass those costs onto tenants.

“Rising rents is a direct correlation between operating costs — rising operating costs. There’s a number of examples where costs are spiking,” he told CBC Radio’s Information Morning on Tuesday… [Read More]