
Halifax real estate listings advertising fixed-term leases as financial asset for buyers
While the Nova Scotia government has no plans to regulate a type of lease that’s been called a loophole in the province’s rent cap legislation, some real estate listings are advertising fixed-term leases as a financial benefit for potential buyers. Tim Allenby, chair of the Dartmouth chapter of tenant group ACORN, said he’s not surprised by this marketing tactic. “It’s the incentives of the system that currently exists,” Allenby told CBC News in an interview. “They have it set up in such a way that landlords benefit from primarily relying on fixed-term leases, so of course that’s going to end up being an investment benefit.”