Right-Sizing in Nova Scotia
The step-by-step checklist for downsizers & retirees — less upkeep, more freedom, and a plan that protects what you've built.
For homeowners selling the family home to move into something that fits the next chapter. Covers Principal Residence Exemption, net proceeds, reverse mortgages, accessibility considerations, NS senior property tax rebates, and coordinating both closings.
Key Tips
Talk to a tax professional about the Principal Residence Exemption before selling
Estimate your net proceeds: sale price − mortgage − commission − legal fees − moving costs
Consider whether to pay cash, carry a smaller mortgage, or explore a reverse mortgage
Think about accessibility — wide doorways, zero-threshold entries, main-floor primary bedroom
Weigh condo fees and HOA dues vs. a house's maintenance and snow removal costs
Apply for the Nova Scotia Property Tax Rebate for Seniors at your new address
Your Checklist
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