The Higgs government says it has endorsed all 12 recommendations contained in a recent rental review.
The 90-day review looked at ways to address gaps in access to affordable and adequate housing.
New Brunswick’s premier launched the review amid growing concerns over rapidly rising rental rates in the province.
Despite calls from tenants and advocacy groups, the review stopped short of recommending rent control.
Instead, the report recommended limiting rent increases to once a year, providing “better protections against unreasonable rent increases,” and reviewing the notification period for landlords.
“The important conclusion of the rental review was that there are no quick solutions to the situation and we believe that residential rental rates should continue to be set by market conditions in our province, while improvement is made to the entire rental system,” Social Development Minister Bruce Fitch said in a news release.
Fitch said the Residential Tenancies Act offers protection against “retaliatory rent increases” and there are provisions for the tribunal to review a notice of rent increase for long-term tenants.
“Our efforts to revamp the act will help improve protection for both tenants and landlords,” he said.
According to a news release issued Friday, the government intends to complete the recommendations by September 2022.
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