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Moncton tenants dodge 94% rent increase shortly after N.B. rent cap expires
New Brunswick
Moncton tenants dodge 94% rent increase shortly after N.B. rent cap expires
Landlord still seeking increase of 55 per cent
Robert Jones · CBC News · Posted: Jan 12, 2023 5:00 AM EST | Last Updated: January 12
https://i.cbc.ca/1.6711031.1673476802!/fileImage/httpImage/robinson-main-building.jpg
The building at the corner of Robinson and Main streets in downtown Moncton has housed a variety of bars, eateries and other retail outlets over the years, with apartments on the second storey. Tenants were hit with substantial rent increase notices over the New Year's weekend. (Pierre Fournier/CBC)
Melanie Wallace and her partner pay $900 per month for their Moncton apartment, but on New Year's Day the two found a notice from their landlord in the mailbox announcing plans to raise that to $1,750 later this year. ... If implemented, it would have been a 94 per cent increase.
"My partner and I looked at it and we were like, this can't be legal," said Wallace. ... "We were shocked."
This week Wallace's landlord, Moncton developer Stephen Gallant, rescinded the increase and in an interview called it poor judgment on his part. He still plans to raise rent on Wallace's unit to $1,395, a 55 per cent increase.
{snip}
Moncton tenants dodge 94% rent increase shortly after N.B. rent cap expires
Landlord still seeking increase of 55 per cent
Robert Jones · CBC News · Posted: Jan 12, 2023 5:00 AM EST | Last Updated: January 12
https://i.cbc.ca/1.6711031.1673476802!/fileImage/httpImage/robinson-main-building.jpg
The building at the corner of Robinson and Main streets in downtown Moncton has housed a variety of bars, eateries and other retail outlets over the years, with apartments on the second storey. Tenants were hit with substantial rent increase notices over the New Year's weekend. (Pierre Fournier/CBC)
Melanie Wallace and her partner pay $900 per month for their Moncton apartment, but on New Year's Day the two found a notice from their landlord in the mailbox announcing plans to raise that to $1,750 later this year. ... If implemented, it would have been a 94 per cent increase.
"My partner and I looked at it and we were like, this can't be legal," said Wallace. ... "We were shocked."
This week Wallace's landlord, Moncton developer Stephen Gallant, rescinded the increase and in an interview called it poor judgment on his part. He still plans to raise rent on Wallace's unit to $1,395, a 55 per cent increase.
{snip}