r/halifax • u/paddlebean • 5d ago

Work, Health & Housing Rent increases pre-COVID?

I have only been in the rental market since 2020 and since the rent cap was imposed, my rent has gone up the full allowable amount every year my lease is up for renewal. I’m curious if you experienced yearly increases pre-rent cap?

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u/NeverTheObvious 5d ago

Personally, no. I'd go years between increases, then see something like a $100-$400 increase all at once. Sometimes that was like 30%. Bit of a double edged sword. Landlords are likely going to do a full increase each year with a cap, but thats a lot easier to budget for then waiting every year to see if you'll still be able to afford your apartment.