Its beautiful sights and national parks draw around 1.6 million per year, and its cultural sites and museums fascinate visitors from around the world every single year. Additionally, hundreds of information technology companies have laid down roots in the area and have become a reliable employer for thousands of Nova Scotians.Īdditionally, Nova Scotia is and remains a popular tourist destination for many. The defence and aerospace sector is a big benefactor of the region, and roughly half a billion dollars in revenues results from investment. On the other hand, the province has also benefited from heavy investment from the Canadian government. Nova Scotia has long been a key supplier of these items and more, and its resource-based economy means that it can be at the mercy of swings in the commodities markets that other provinces might not be. The province still relies heavily on traditional agriculture for much of its economic output and is the world’s largest exporter of berries, gypsum, lobster and even Christmas trees. Nova Scotia is the most populous of Canada’s three Maritime provinces and holds a fascinating position as a bridge between the old and the new.
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To help get you started, we are going to take you on a brief tour of Nova Scotia real estate so that you can better understand its characteristics, markets and opportunities that exist for real estate investors.īut first, if you are ready to dive into the Nova Scotia real estate market and need financing in order to get started, click the link below for a free strategy call with our team at LendCity today.Ĭlick for a FREE Strategy Call Nova Scotia Real Estate, New Investment Opportunities Things like demographics, income, tax rates and a host of other regulations can all help influence your decisions, so you want to be certain that you have a thorough understanding of these factors as you begin (or continue) your investing career. Many investors might be tied to one particular province due to desire or family ties or other factors, but it’s still helpful to have a handle on any province’s particular challenges and opportunities. When looking into Canadian real estate, for example, you want to be certain that you have a handle on the differences between the provinces and territories. You want to feel confident that you have the information and qualifications that you need before you start sinking your hard-earned money into an investment, and real estate is no different.
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Discover How To Buy Unlimited Rental Properties With This Step By Step Guide.Nova Scotia Real Estate, New Investment Opportunities.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. © 2022 KW Select Realty | Each office Independently Owned & Operated
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