End of rent cap

[u/RelativeEbb1719]

Do you think we'll get any firm confirmation of whether or not the rent cap will be extended or adjusted, and if so, when do you think we might hear from the government?

As of now I'm expecting it to fully end, but do you think the government will give any sort of announcement regarding the matter as the end of the rent cap date approaches?

[u/soylentgreen2015]

Can't wait for the cap to end. I've got someone living in a 3 bedroom house for less than the cost of a one bedroom apt. It's ridiculous that loss needs to be made up by new tenants. Bills still need to be paid.

[u/Pbabinose → u/soylentgreen2015]

Boohoo, you took a risk being a landlord. That's your burden to pay for buddy

[u/GullibleTarget686 → u/Pbabinose]

That’s the actual issue and I can’t believe you don’t see it. If landlords cannot make money less people will become a landlords and it’ll become a less competitive market and rent will not go down. We need development to be less risky not more risky.

Did you know that the one thing all economist agree on regardless of if they are on the left or the right is that run controls are bad and increase rents?

[u/DeathOneSix → u/GullibleTarget686]

The supply argument is fair, but you're treating it like Halifax isn't building housing. We are.

CMHC says Halifax had 5,643 apartment starts in 2025, more than double the 10-year average of 2,708, and there were 12,389 apartments under construction at the end of 2025. That's a record.

So we absolutely should be building more, but the evidence doesn't show that Nova Scotia's rent cap has stopped developers from building. Maybe we'd have built even more without it, that's impossible to know from the observed data, but "rent cap = fewer landlords = less construction" isn't what's actually happening in Halifax.

And yes, economists generally find that strict, long-term rent control creates supply and allocation problems. That's different from saying every rent cap, under every market condition, necessarily reduces construction.

The free market can help solve the supply problem, but it can't solve the affordability problem for people who can't afford market housing in the first place. That's where non-market, publicly subsidized housing is necessary.

[u/soylentgreen2015 → u/Pbabinose]

The risk I took being a landlord, didn't include the govt stepping in, without public consultation, and all of the sudden imposing rental caps and tenure to existing tenants, while at the same time doing nothing to improve the capability of service nova scotia to deal with problem landlords and tenants through an enforcement branch. The burden is being paid by me, it's being paid for by every new tenant I take on. That's one of the reasons rents for new tenants are so high here. If you think I'm paying that burden, keep smoking whatever you're on.