N.S. government extends 2 per cent rent cap until Dec. 31, 2023
CBC
The Nova Scotia government is enshrining the two per cent cap on rental increases in law until Dec. 31, 2023.
Premier Tim Houston and Housing Minister John Lohr made the announcement during a news conference in Halifax on Wednesday. The news conference is being live streamed here.
The government has been under pressure to release its housing plan in the face of a housing crisis across the province, dropping temperatures threatening people who are sleeping outside and the potential of the rent cap ending in February 2022.
Government officials said Wednesday the intention is to create a short-term bridge while the government works toward building more affordable housing.
The government will spend $35 million as part of an effort to build 1,100 affordable housing units across the province. That's $10 million more than what was called for by the province's affordable housing commission.
There will be 425 new rent supplements made available immediately and the government plans to build three new student residents at Nova Scotia Community College campuses.
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