Private equity firms are targeting low-income apartment buildings across the city as the ultimate investment: buying them out, evicting tenants and renovating the empty units. The new rents, subject to increases without controls, are so high that they’re sending some residents to the food bank.
Anti-poverty advocate says income increase, rent control and social housing needed.
A tenants’ rights group is demanding action on rising electricity rates and energy poverty. New Brunswick ACORN held rallies in Moncton and Fredericton over the noon hour on Tuesday.
A small, but passionate group of people gathered in downtown Moncton, N.B., Tuesday afternoon to protest NB Power’s latest rate increase. NB Power raised residential rates by 9.7 per cent – the same increase that was applied a year ago on April 1, 2024.
Residential customers of the utility paying 9.6 per cent more for energy as of Tuesday.
N.B. Power rates for residential customers rose by 9.6 per cent on Tuesday, and advocates say the government needs to do more to protect low income New Brunswickers.
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