The Government of New Brunswick announced it will maintain its residential rent cap at three per cent for the 2027 calendar year in response to ongoing affordability pressures. According to the government, the cap is intended to prevent sharp rent increases and reduce tenant displacement. It limits annual rent hikes to a maximum of three per cent and is subject to yearly review. The next review is scheduled for 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 aligns with broader provincial efforts to expand housing supply and strengthen the rental market.

“This follows other supports we’ve introduced to help tenants, landlords and developers,” Hickey said, pointing to the removal of HST on multi‑unit development projects and the ongoing review of the Residential Tenancies Act, expected to be completed this fall.

For more information, visit: Rent increases – gnb.ca