First-Time Home Buyers Rebate

Nova Scotia's First-Time Home Buyers Rebate is a rebate equivalent to 18.75 per cent of the provincial portion of the HST or 1.31 per cent of the purchase price of capital stock in a housing cooperative, up to $3000 on newly built homes.

The program is for newly constructed homes only and does not include renovations or conversions from rentals to condominiums.

New Maximum Rebate

On April 3,2012 the government announced that the maximum rebate provided under the First Time Home Buyers' Rebate Program has risen to $3,000 from $1500, effective April 1, 2012. For details of the change see http://www.gov.ns.ca/snsmr/access/land/first-home-buyers-rebate/maximum-rebate-increase.asp.