BILL NO. 262
(as passed)
1st Session, 64th General Assembly
Nova Scotia
1 Charles III, 2023
Government Bill
Interim Residential Rental Increase Cap Act
(amended)
CHAPTER 7 OF THE ACTS OF 2023
The Honourable Colton LeBlanc
Minister of Service Nova Scotia and Internal Services
First Reading: March 22, 2023 (LINK TO BILL AS INTRODUCED)
Second Reading: March 28, 2023
Third Reading: April 11, 2023
Royal Assent: April 12, 2023
An Act to Amend Chapter 22
of the Acts of 2021,
the Interim Residential Rental Increase Cap Act
1 Subsection 4(1) of Chapter 22 of the Acts of 2021, the Interim Residential Rental Increase Cap Act, is amended by striking out "two per cent" in the third line and substituting the following clauses:
- (a) until and including December 31, 2023, two per cent;
(b) from January 1, 2024, to December 31, 2024, inclusive, the amount permitted by the regulations;
(c) from January 1, 2025, to December 31, 2025, inclusive, the amount permitted by the regulations,
2 Chapter 22 is further amended by adding immediately after Section 5 the following Section:
- 5A (1) The Governor in Council may make regulations determining the maximum permitted rent increase or the manner of determining the maximum permitted rent increase for each of the periods referred to in clauses 4(1)(b) and (c).
(2) The exercise by the Governor in Council of the authority contained in subsection (1) is a regulation within the meaning of the Regulations Act.
3 (1) Subsection 7(1) of Chapter 22 is amended by striking out "2023" in the second line and substituting "2025".
(2) Subsection 7(2) of Chapter 22 is amended by striking out "2024" in the second line and substituting "2026".
4 This Act comes into force on such day as the Governor in Council orders and declares by proclamation.
This page and its contents published by the Office of the Legislative Counsel, Nova Scotia House of Assembly, and © 2023 Crown in right of Nova Scotia. Created April 12, 2023. Send comments to legc.office@novascotia.ca.
