An executive official with a major real estate agency says that the demand for rural homes and entertainment property in Nova Scotia should remain strong despite the multiplication of the action transfer tax.
Matt Honsberger, head of the Halifax office in Royal Liebag Atlantic, says he is optimistic about the real estate market because most of the waterfront real estate in Atlantic Canada, which can be sold for less than $ 500,000, is much cheaper than other parts of the country.
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Honsberger says that although the action transfer tax will definitely deter some buyers, others will treat it as part of the cost of doing business.
Nova Scotia 2025-26 budget increases the action transfer tax for non-resident houses to 10 percent from five percent as of April 1.
The Nova Scotia Real Estate Association opposes the increase, saying that the tax will lead potential buyers to neighboring provinces such as New Bronzwick.
But Royal League says in the recreational real estate report in the spring that she expects a crowded season in Nova Scotia with low interest rates, which enhances buyer’s confidence.
This report issued by the Canadian press was published for the first time on March 28, 2025.
And copied 2025 Canadian press
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