Housing NWT Adjusts Market Rental Rates for Sustainable and Equitable Housing
The GNWT has updated the rent scale for Market Rental Units. Notices are currently being sent to tenants in market housing units by May 1st outlining a 90-day notice of rent increase. Market rental rates remained stable since 2012, however recent years of sustained inflation now necessitates an adjustment in line with current market conditions and to reflect operating costs. These rent adjustments will help to equalize the market rate gaps in communities where market conditions require private landlords and developers to charge higher rates.