02/15/2026
These last few years have really demonstrated how hard it's been for people to break free from renting and move into home ownership, but this new program might just work for you! If you have questions, please reach out as we are fortunate to have a skilled team of brokers to refer to who would be happy to help you navigate the next steps to making home ownership a reality!
🏡 Big News for Nova Scotia Home Buyers!
There’s a new Down Payment Program in Nova Scotia — and it could be a game changer for first-time buyers.
Here’s a quick comparison 👇
🔹 Traditional 5% Down Payment
• Minimum 5% from your own savings
• Must qualify based on your income & credit
• Mortgage default insurance required under 20% down
• Full ownership from day one
🔹 New 2% Down Pilot Program
• Only 2% required from your own funds
• Designed to reduce upfront savings barrier
• Income qualification still applies
• Makes homeownership possible sooner
🔹 Nova Scotia Down Payment Assistance Program
• Government-backed assistance
• Helps boost your down payment amount
• Income limits apply
• Repayment terms
✨ The biggest difference?
How much you need saved — and how the assistance is structured.
Not every program fits every buyer. Income, purchase price, location, and long-term plans all matter.
If you’re wondering which option fits your goals best, let’s chat.
Your first home might be closer than you think. 🗝️
— Marianne MacLean
Associate Mortgage Broker | Nova Scotia