NSAR acts as the voice of real estate in Nova Scotia, working behalf of our members, homeowners, buyers and sellers. Our government relations efforts are all aimed at improving the quality of life for everyone in our province.
Current advocacy issues:
Improving Deed Transfer Taxes (DTT)
DTT can be an expensive addition to home buying costs, especially for first-time home buyers. REALTORS® are proposing that municipalities amend their policies for the collection of Deed Transfer Tax to either be:
Waived for first-time buyers on the purchase of their first home OR Extended over a five year payment period
Fixing the Capped Assessment Program (CAP)
The current CAP on property taxes has created inequalities in tax burden for homeowners across the province. New homeowners, including first-time buyers and seniors who are downsizing, pay significantly more in taxes than their neighbours. NSAR has joined with other stakeholders to form an independent working group to propose solutions to our provincial government.
Federal Election 2019
NSAR is working closely with the Canadian Real Estate Association (CREA) to create non-partisan resources to help REALTORS® and homeowners get more information on party platforms, specifically related to real estate and housing.
Down Payment Assistance Program, created by NSAR and Housing Nova Scotia, was made permanent in 2019. This program has helped 300 families buy homes in Nova Scotia, so far!
Fourth Annual Day of the REALTOR® was declared by Province on June 8, 2019 – Nova Scotia is the only province in Canada to celebrate this day.
Residential Tenancies Act was amended in 2018 to make the process easier and fairer for new owners to work with current tenants take occupancy of homes.
Home Buyers Plan withdrawal limit increased from $25k to $35k and expanded to help during marital or common-law breakdowns.