Posted Dec 6, 2014, 9:58 PM
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Registered User
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Join Date: Dec 2011
Location: Calgary
Posts: 4,465
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Does anyone know how "below-market rent" is defined in Nova Scotia?
For example, if all 1-bedroom apartments in "Neighbourhood A" rent for $400/month, and the city average for a 1-bedroom apartment is $700/month, would all of the apartments in Neighbourhood A be defined as "below-market"? Or none of them?
It's a term that seems to be used a lot, and in pretty important contexts, but it's surprisingly hard to find any info on how "the market" is defined in this particular case.
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