Dear John Johnson, I understand your concern. However, I cannot be responsible for the knowledge of the local broker. There are more than 30,000 mortgage professionals in Canada, and their level of expertise varies.
To clarify, foreign buyers are not prohibited from purchasing vacant land in Nova Scotia. The key factor is the zoning of the land. Non-Canadians and foreign businesses can purchase vacant land that is zoned as residential or mixed-use. Once purchased, the land can be used for any purpose chosen by the buyer, including the development of residential properties.
If you have any further questions, feel free to ask!
