Not every day is picture perfect. Despite my rose-colored feed, some days are hectic, some are stressful, and some? They’re just downright hard. No matter your profession or how you spend your days, I know you know what I mean.
BUT despite the hard days, I wouldn’t trade what I do for anything. I see my job as a privilege—a "get-to." Why? Because I get to be a small part of guiding people HOME – the place they will celebrate holidays, birthdays, and school’s-out-for-summer days; the place they will share laughter, tears, disagreements, and follow-up hugs.
I mean, when you think about it, HOME is so much more than a pile of wood thrown together with some nails and screws. It’s the place that centers us AND sends us out. I truly feel so lucky that I get to be a part of this point in my clients’ lives.
I love what I do and my clients are my "Why? Fellow agents, what do you adore about your job? Share below...
This afternoon the Provincial Government released a budget that included newly created Deed Transfer Taxes and increased Property Taxes for out-of-province buyers and owners. NSAR has continually expressed concerns that the increased taxes will have unintended and negative consequences on Nova Scotia’s economy, tripling owners' taxes and causing a serious impact on construction and service industries, particularly in rural Nova Scotia.
Earlier this week, NSAR met with the Honourable Allan MacMaster, Minister of Finance, as well as senior staff in the Finance Department to once again share member and client concerns about the proposed taxes. Unfortunately, our advocacy on this issue was unsuccessful.
What does this mean BUYERS?
Deed Transfer Tax: Effective April 1, 2022 the province will implement a Deed Transfer Tax of 5 per cent of the value of residential real property purchased by a non-resident of Nova Scotia. The tax will not apply to a transaction where the Agreement of Purchase and Sale was entered into prior to April 1, 2022. An exemption from the tax will be in place for non-resident purchasers who move to the province within 6 months of the closing date of the transaction.
Nova Scotia Non-Resident Property Tax: Effective for the 2022-23 fiscal year, the province will implement a Property Tax of $2.00 per $100 of assessed value on residential real property owned by a non-resident of Nova Scotia. The tax will not apply to residential properties that contain more than 3 units nor to residential properties that are leased to individual Nova Scotian residents for a period of at least 12 months. Where a property has multiple owners, an exemption from this tax is provided if 50 per cent or more of the owners are residents of Nova Scotia.