HOW CHANGING COVID-19 RESTRICTIONS ARE IMPACTING THE REAL ESTATE INDUSTRY IN NOVA SCOTIA (Updated May 10th)
With COVID-19 cases surging in Nova Scotia, there have been a few changes that impact the real estate market in our province. On Friday the NS government announced that the NS border would close to those moving to NS until the end of May.
While the purchase and sale of real estate can continue, there are a few things that will affect buyers.
Buyers cannot come to Nova Scotia to house hunt, even with isolating, until the border restrictions have been lifted. Only people who have a new permanent address are allowed to enter, and they must self-isolate for 14 days upon arrival.
Restrictions also affect buyers currently living in Nova Scotia, as buyers are not permitted to attend a viewing or an inspection if the property is outside their community, which is defined as their municipality. An Agreement of Purchase and Sale does not fall under the travel restriction exemption for legal reasons.
We have also been asked to limit real estate activities to those deemed essential - i.e. if you are a renter and your lease is expiring this would be deemed essential but if you are shopping for a vacation property this would not be seen as essential and you should put your plans on pause until after restrictions are lifted.
Fines for not following health regulations are as high as $2000 per person as of Sunday.
Relocating to Nova Scotia? Here is some additional information just for you:
Moving to Nova Scotia - The Exceptions
On Friday the NS government announced that the NS border would close to those moving to NS until the end of May. As of May 10th, the Province announced that compassionate exemptions to enter Nova Scotia for individuals who have a:
Send your compassionate exception request to email@example.com and include the following travel details:
Planning to travel to NS, please review the Provincial website here: https://novascotia.ca/coronavirus/restrictions-and-guidance/#compassionate-exceptions
Once individuals have entered the province, they must continue straight to their new home to isolate themselves for 14 days. This means that you’ll need to come prepared with everything you need for those 14 days or make arrangements to have supplies dropped off in a contact-free method.
What’s Stayed The Same
In the Real Estate Industry, we stay committed to making sure our clients, and the public as a whole, are safe.
Real Estate Advisor based in Halifax, Nova Scotia. I help people buy and sell homes with Engel & Völkers.