US EditionDeed tax increase won't hurt demand for Nova Scotia recreational properties: Realtor
- Nova Scotia's 2025-26 budget increases the deed transfer tax for non-resident homebuyers to 10 percent from five percent, effective April 1, 2025.
- Matt Honsberger, president of Royal LePage Atlantic, states that demand for recreational properties in Nova Scotia will remain strong despite tax increases, citing lower interest rates as a confidence booster.
- The Nova Scotia Association of Realtors opposes the tax increase, stating that it may drive buyers to New Brunswick and other provinces.
- Honsberger noted that even with the tax, Atlantic Canada remains more affordable for waterfront properties compared to Ontario and British Columbia.
12 Articles
12 Articles
The Hamilton Spectator
Loonie PoliticsDeed tax increase won’t hurt demand for Nova Scotia recreational properties: Realtor
HALIFAX - An executive with a major real estate agency says demand for cottages and recreational properties in Nova Scotia should remain strong despite the doubling of the deed transfer tax.
Deed tax increase won't hurt demand for Nova Scotia recreational properties: Realtor
HALIFAX — Demand for cottages and recreational properties in Nova Scotia should remain strong despite the doubling of the province’s deed transfer tax, says an executive with a major real estate agency. In an interview Friday, Matt Honsberger, president of the Halifax office of Royal LePage Atlantic, said he’s optimistic about the recreational real estate […]
Realtor says non-resident deed transfer tax not enough to stop recreational home demand
Royal LePage is projecting an eight per cent increase in the price of waterfront properties in Atlantic Canada this year and Matt Honsberger says demand is still high, despite Nova Scotia's doubling of the non-resident deed transfer tax.
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