Active Mortgage · Guide
Land transfer tax in Nova Scotia, New Brunswick and PEI
When you buy a home in the Maritimes, you'll pay a one-time tax to transfer ownership. Each province handles it differently, and in Nova Scotia the rate depends on the municipality. Here's an overview to help you budget.
Nova Scotia: deed transfer tax
In Nova Scotia, deed transfer tax is set by each municipality as a percentage of the purchase price. Rates differ across the province, so the same home price can mean a different tax bill depending on where you buy. Current municipal rates: [PLACEHOLDER: current deed transfer tax rates for Nova Scotia municipalities].
A separate provincial tax may apply to buyers who aren't Nova Scotia residents: [PLACEHOLDER: current non-resident deed transfer tax rate and exemptions].
New Brunswick: property transfer tax
New Brunswick charges a property transfer tax calculated on the greater of the purchase price and the property's assessed value. Current rate: [PLACEHOLDER: current New Brunswick property transfer tax rate].
Prince Edward Island: real property transfer tax
PEI charges a real property transfer tax based on the greater of the purchase price and assessed value, with exemptions that may apply to some first-time buyers. Current rate and exemption rules: [PLACEHOLDER: current PEI transfer tax rate and first-time buyer exemption].
Budgeting for closing
Transfer tax is usually paid in cash on closing, through your lawyer, and generally can't be added to your mortgage. Lenders often want to see that you have money for closing costs on top of your down payment. Use our home buying cost calculator to estimate cash to close, then confirm exact figures with your lawyer.
Other closing costs to budget for
Transfer tax is only one part of closing. You'll also typically pay legal fees and disbursements, title insurance, a property tax adjustment if the seller has prepaid, and possibly an appraisal or home inspection. If you're moving, add movers, utility hook-ups and basic furnishings.
A good habit is to hold a cushion on top of your estimate. Our home buying cost calculator gives you a starting figure, and your lawyer can confirm the exact amount shortly before closing.
How our brokers can help
Active Mortgage is a team of brokers working with a range of lenders. We can review your situation, explain the options that apply to you and compare real offers side by side. There's no cost to talk with us, and you're never under pressure to proceed.
Common questions
Who pays the transfer tax?
The buyer usually pays it on closing. Your lawyer handles the payment.
Can transfer tax be added to my mortgage?
Generally not. Plan to have it available in cash for closing.
Are there first-time buyer exemptions?
Some provinces offer them, with conditions. Confirm current rules with your lawyer or the province.
Related tools and services
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