Release
Housing New Brunswick
June 24, 2026
FREDERICTON (GNB) – The provincial government is maintaining its rent cap at three per cent for the 2027 calendar year in response to ongoing affordability issues.
The cap, which has been in effect since February 2025, is designed to limit big spikes in rent and reduce the number of tenants displaced by significant increases. It limits rental increases to a maximum of three per cent, year-over-year, and is subject to an annual review. The rent cap will be reviewed again in May 2027.
“Following years of massive rental hikes, the rent cap has been a welcome stabilizing force for tenants in the rental market across the province,” said David Hickey, the minister responsible for the New Brunswick Housing Corporation. “We’re keeping the rent cap in place for the 2027 calendar year to maintain that stability and predictability that tenants need, and to give us more time to improve market conditions here in New Brunswick.”
The decision to maintain the rent cap is in addition to the government’s broader efforts to increase the housing supply and improve the overall rental market.
“This follows other supports we’ve introduced to help tenants, landlords and developers,” said Hickey, referencing the removal of HST on multi-unit development projects and the ongoing review of the Residential Tenancies Act expected to be completed this fall.
24-06-26
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Media Contact(s)
Adam Bowie, communications, New Brunswick Housing Corporation, [email protected].