P.E.I.’s 3% rent hike cap for 2024 gets flak from both landlords and advocates

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Neither landlords nor housing advocates are totally happy with P.E.I.’s newly announced rental cap for 2024.

Next year, landlords can raise rents for housing units by a maximum of three per cent without having to go through the Island Regulatory and Appeals Commission, as long as they give tenants three months notice.

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