Province Doubles Rebate for First-Time Home Buyers

Published by The Premier's Office

Wednesday, April 4, 2012

The province is making buying a new home more affordable for families by doubling the First-Time Home Buyers Rebate to a maximum of $3,000. The rebate is available to first-time home buyers purchasing newly constructed homes. About 1,000 Nova Scotia families may be eligible for the rebate.

Quotes

Families tell us they want to put down firm roots and build a life here at home. The province agrees and by increasing the rebate, we are helping make homeownership a real and affordable choice for families. Premier Darrell Dexter

Families are our priority, which is why we're supporting their efforts to buy new homes. Service Nova Scotia and Municipal Relations Minister John MacDonell

This increase will provide greater value to the rebate and encourage Nova Scotians to purchase new homes. Paul Pettipas, chief executive officer, Nova Scotia Home Builders' Association

Realtors believe all Nova Scotians have the right to affordable and safe housing near where they work, shop and play. Today's announcement is another opportunity that will help make that right a reality. Wayne MacIntosh, president, Nova Scotia Association of Realtors

Quick Facts

  • The province will invest about $1.5 million to double the existing rebate from a maximum of $1,500 to $3,000.
  • Over the next year, government will invest a total of $2.5 million to support first-time home buyers who purchase newly built homes.
  • The rebate is equivalent to 18.75 per cent of the provincial portion of the HST.

Learn More

Media Contact

Jennifer Stewart
Premier's Office
902-424-7647
Cell: 902-456-3576
E-mail:

Images

Premier Darrell Dexter holds the jobsHere plan at the First-time Home-buyers Rebate announcement in Upper Sackville.
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Premier Darrell Dexter announces that the province is making buying a new home more affordable for families by doubling the First-Time Home Buyers Rebate to a maximum of $3,000.
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(From left) Premier Darrell Dexter with Paul Pettipas, Nova Scotia Home Builders' Association at the announcement in Upper Sackville.
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Audio

Premier Darrell Dexter says the rebate will put another $2.5 million into the hands of families.
Service Nova Scotia and Municipal Affairs Minister John MacDonell says the province is helping people make their first big home picture.
Paul Pettipas, CEO, Nova Scotia Home Builders' Association says so much about his industry is based on confidence.