Rebate doubled for first-time N.S. homebuyers
If you're in the market for a new home and it's your first time to buy, you may qualify for a $3,000 rebate.
Nova Scotia has doubled the rebate for first-time homebuyers, from $1,500.
The rebate, a measure included in Tuesday's spring budget, is available to those buying a newly constructed home.
Nova Scotia's provincial government said Wednesday about 1,000 people will qualify for the rebate and it expects to spend $1.5 million on the program, which took effect April 1.
Premier Darrell Dexter said the increase will help make home ownership more affordable and is aimed as an incentive for the construction sector.
"We want to make sure that we are encouraging an industry that provides good jobs to people in the province," said Dexter.
Dexter said the time is right to boost a rebate that hasn't been altered since it was introduced in 1997 because the government is on track to balance its books next year.
The incentive is part of a series of measures contained in Tuesday's budget aimed at giving some tax relief to Nova Scotians.
With files from The Canadian Press