New Brunswick joins the list of provinces with rent control

[Chris Baxter]

The conservative majority government of NB just instituted rent control in their budget.  3.8% retroactive to January 1, 2022.... So any landlords that have already served notice of increase (I had respectable increases set to take effect on Apr 1) are hooped.  This will likely impact any transactions out there that haven't closed.  On the plus side, property taxes are set to decrease by 50% (but over 3 years).