Rent cap

Rent cap

To support tenants and ensure they benefit from the proposed property tax measures, the government also implemented legislation to temporarily cap rent increases and require landlords to provide an acceptable reason to end a tenancy.

As part of the legislative changes, rent increases will be capped for one year – retroactive to Jan. 1, 2022, until Dec. 31, 2022 – at 3.8 per cent, which is the annual increase in the New Brunswick consumer price index for 2021. Previous rent increases set below this amount would not change.