Housing concerns are mounting in Nova Scotia due to the devastation caused by the wildfires over the last couple of weeks. More than 200 homes have been lost to the flames.
New data from the Canadian Real Estate Association shows that home sales and prices have fallen year-over-year in the province. An associate professor of economics says that reflects high mortgage rates and low housing affordability.
There is a relief today for some across Nova Scotia after Premier Tim Houston scrapped a plan aimed at addressing the housing crisis by taxing non-resident property owners.