Fun Fact Friday: Nearly two thirds of HRM residents want a permanent rent cap
When discussions of rent control enter the mainstream media, the conversation almost always shifts to the negative impact these controls would have on the housing market or the quality of rental properties. This is untrue. Strong rent regulations, as demonstrated by the 2024 article from the CCPA, Arguments Against Rent Control Don’t Hold up to Scrutiny, have been proven to be an effective way to control rent prices without negatively impacting the housing market or the quality of rentals. Multiple National and Provincial level studies have been done on the effects of rent caps on the rental market—such as the number of new constructions, the quality of rental properties, and the number of available dwellings—and found there was no evidence of any negative effects unless the rent control action taken was a total rental price freeze. Rent control can take many forms depending on the issues the area is facing … Read more…
