Manitoba New Democrats are promising to increase a tax credit for renters and make it harder for landlords to raise rents above the province’s annual guideline.Leader Wab Kinew says his party would raise it to $700 if it wins the election slated for Oct. 3.
Kinew adds an NDP government would also reduce exemptions allowed to provincial guidelines for maximum annual rent increases.Landlords can also apply for exemptions in any building where they have incurred costs that exceed the guideline rate.“Right now, the balance is tipped entirely in favour of the landlord and we need to tip the scales back towards … the renter,” Kinew said Friday.
“When the average person hears about rent going up 30 per cent, and the justification for that is a new coat of paint, I think the average person thinks well, maybe we could do better than that in Manitoba.” An NDP government would propose a law to ensure that higher rent increases are tied to real capital improvements being made, he added.