This document summarizes the multi-residential rental market in Halifax, Nova Scotia. It finds that Halifax remains predominantly a rental market compared to other major Canadian cities. While condo development has increased, rental demand remains strong. The cost of renting an apartment in Halifax is approximately 20% lower than the cost of owning a condo when considering taxes and other ownership costs. Regular annual increases in operating costs and necessary repairs put downward pressure on property values over time unless rental rates are also increased annually to maintain revenues and asset values. The summary demonstrates how a small annual increase in rent of one cent per square foot can significantly increase revenues, net operating income, and property values over a 5 year period compared to keeping rents flat.