It's not related to the pending rate hike, but Rob Bennett is on record as saying that it will be factored into future rate hikes.
http://www.novascotiabusinessjournal...=149861&sc=107
I understand that they have to pay for a building, I understand that using their own property is better than leasing, but I don't understand why we have to pay for the renovations when they're perfectly capable of paying for it themselves.