• The thriving economy, reasonable real estate prices, and high quality of life in the cities of Nova Scotia have helped many Airbnb hosts and investors to earn good rental income by owning rental properties.
• Discover the reasons why investing in rental properties in Nova Scotia is a profitable idea and can help you achieve the desired financial freedom.
• We feature the top 8 cities in Nova Scotia for real estate investment along with their respective Airbnb data and recommended property types.

Introduction

Located on the Eastern seaboard of North America, Nova Scotia is one of Canada’s Maritime and Atlantic provinces. While this is a relatively small province, Nova Scotia is also one of the most beautiful regions since it is home to striking natural sceneries conformed by the ocean and mountains.

Nova Scotia is a promising province that has been drawing investors’ attention over the past years thanks to its great quality of life, cost-effective housing areas, and healthy economy. Yet, you may wonder: which area is the most profitable for investment properties in Nova Scotia? We got you!

In this blog, we reveal the best places to invest in Airbnb in Nova Scotia. We also feature some of the main advantages that investors should know when investing in real estate in Nova Scotia. Stoked to learn more? Then you should continue reading.

Why should you consider buying a rental property in Nova Scotia?

Owning a rental property in Nova Scotia won’t only allow investors to enjoy breathtaking sceneries, but it will also offer them the opportunity to eventually achieve financial freedom. Despite that, there’s still a question that you probably have – what are the advantages that Nova Scotia offers to real estate investors? 

Check out some reasons why investing in real estate in Nova Scotia is a great idea:

• Great living conditions

Local living conditions are among the essential considerations when targeting a specific market. Nova Scotia’s cities offer an overall great standard of living that is second to none. With easy access to high-quality amenities, impeccable recreational facilities, a good educational system, and friendly communities, Nova Scotia is one of the places where people surely want to live, work, and even raise their kids.

Additionally, Nova Scotia’s cities have a clean environment with low crime rates, where people can enjoy a slow pace of life.

• Diversified economy

Nova Scotia has a thriving and diversified economy. Its key industries are tech, oceans, agriculture, finance, naval defense, and tourism. The province also offers many support programs to start-ups, helping them to grow and seize opportunities. According to IBISWorld, Nova Scotia has a GDP of $40.2B with a growth rate of 2.1%.

The province’s population is also steadily growing, with Halifax as the largest urban center and heart of Atlantic Canada since it’s home to a wide array of major industries.

• Thriving tourist destination

Nova Scotia’s cities are surrounded by stunning natural sceneries where you can enjoy fresh air while admiring the open ocean views or exploring the countless ancient fossil-bearing rock formations that are scattered around the province.

You will always have something fun to do in Nova Scotia! You can find plenty of outdoor activities such as rock climbing, hiking sailing, fishing, and windsurfing. On the other hand, you can also enjoy great music festivals and theatre shows around the province.

Moreover, Nova Scotia has been thriving as a travel destination. In fact, the province welcomed around 1.9M visitors just in 2022 as confirmed by Tourism Nova Scotia portal. Hence, it’s also an ideal place if you ever want to cater to tourist accommodations!

• Reasonable real estate prices

In major Canadian metropolitan cities, real estate prices have been skyrocketing in recent years. Thus, it can be a bit difficult to own a property for those who have a limited budget. However, there are certain areas in the country where the housing values remain reasonable such as most cities in Nova Scotia province. 

For example, real estate investors in Halifax can find various housing options at low prices. Currently, the median property price is C$484,000, which is lower than the national average real estate value.