P.E.I. rents see biggest increase in a decade
‘Their approach to building affordable units isn’t working’
The cost of renting spiked on P.E.I. last year, according to a report from the Canada Mortgage and Housing Corporation (CMHC), and the Opposition Green Party says it’s time for the government to reconsider its housing strategy.
The average rent, including apartments and townhouses, rose to $1,017 in 2021, an increase of 8.1 per cent.
‘The rent increases, we’ve known about them for a long time but they are nonetheless shocking,” said Green housing critic Karla Bernard.
“When we look at that report and we consider government action, you know, there’s a huge gap there.” … [Read More]