NOVA Scotia government needs to be reconsited by double transfer tax for a non-resident home founder, the union needs to be revised for the region’s realtors.
Increasing taxes, at a time that the country is trying to reduce the internal trade barriers, it will add “tariff” to Canadian buyers.
The budget of 2025-26 years will increase by 10 percent to 10 percent in April 1, 10 percent, estimating the increase, the authorities will increase by $ 13 million.
“Nova Scotia tied only the door on buyers outside the province,” he said, in an interview with Friday.
“If you want to get a cottage property … they will just think twice where they are in principle, if they are not financially.”
Gravel, the tax increase will remove potential buyers and in the villages, especially in rural areas, he said.
It was noted that the law was seen at the beginning of the Society Bills Committee on Monday, the union will protest against more than 2,000 members.
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At the beginning of this month, Finance Minister John Lohr said the tax increase in the favorable apartment in the favorable apartment in a short time, he said, “he said,” he said.
However, Donna Harding, Halifax’s Engel & Volkers is a matter of real estate agency, the minister’s claim.
Harding, most of the provincial buyers, most of the lands, which are located in a large number of soil, he said that they have purchased seasonal cottage features or camps. Many are Nova Scotians living in other provinces who want to buy property to retire in their native provinces.
“For the first time, the houses they wanted to buy buyers do not buy Nova Scotia shares,” he added $ 30,000 to $ 300,000 in the price of interest growth.
“No one will allow it,” he said. “Everyone in Canada understands that Nova Scotia has placed 10 percent tariffs … They do not intend to come.”
The applied transfer tax refers to a part of a property with all living properties or three accommodations or less. He also applies to the district vacant land.
Lars Osberg, a professor of Dalhousie University’s economy, said that SED transfers were moving as “surgery tax tax”.
“It puts a wedge between the recipient’s payment and the seller’s price,” Osberg said. “This means that buyers will pay more and sellers will receive less.”
He primarily affect the lack of apartment shortages in Halifax, which was called a “village phenomenon” affecting the housing deficiency from the large property owners.
“It does not touch all the people who own housing buildings, and it is a big money,” Osberg said. “Small money taxes, but big money does not pay taxes.”
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