Zillow Nova Scotia (2024)

FAQs

Can a US citizen buy a house in Nova Scotia? ›

There are no laws that prohibit a U.S. citizen from purchasing real estate, either vacant land or a house/structure in Nova Scotia.

The average house price in Nova Scotia in 2023 stood at approximately 424,000 Canadian dollars. In the next year, house prices are forecast to further increase by about four percent. Compared to other provinces, Nova Scotia ranked below the national average in terms of house prices.

According to our research, one person's average monthly cost of living in Nova Scotia is approximately $2,500 to $3,000.

Moving to Nova Scotia from outside Canada

People moving to Nova Scotia from outside the country, who hold a Work Permit or Employment Contract that is valid for a minimum of 12 months upon their arrival, are eligible to apply for MSI when they arrive in Nova Scotia, provided they have signed a declaration of residency.

It's not possible to become a Canadian citizen simply by purchasing a house in Canada. While procedures may vary by province, it might be possible to initiate the immigration process by investing in an existing enterprise.

Winters can get extremely cold in the northern region of Nova Scotia due to ice build-up in the Gulf of Saint Lawrence. Temperatures in January and February (the height of winter) can reach a low of -10°C and a high of only -1°C or -2°C.

What is the safest city in Nova Scotia? ›

Colchester County, Nova Scotia

Colchester County, nestled in the heart of Nova Scotia, stands out as one of Canada's safest cities, with a crime rate significantly lower than many urban areas. This county is not just about its favorable crime statistics; it's a place where one can truly live the Nova Scotia dream.

In January 2023, the Prohibition on the Purchase of Residential Property by Non-Canadians Act came into place. This stops foreign investors from buying property in Canada and driving house prices up, giving Canadian citizens a chance to purchase property for a reasonable price.

The Nova Scotia property market has always been ripe with opportunity, relatively stable compared to the rest of Canada, and distinct. ⁴ Housing and rental prices have seen a steady development over the years.

Yes, Canadian banks and lenders generally require non-residents to provide a minimum 35% down payment. This means you must pay 35% of the property's cost in cash, with the remaining 65% potentially covered by a mortgage. Requirements may vary among banks, with some being more stringent than others.