We are now two months into facing the economic impact of the COVID-19 global pandemic.
More than 50,000 Nova Scotians have lost their jobs.
During a time of economic crisis, the Investment Property Owners Association of Nova Scotia (IPOANS) represents an important part of the province’s economic foundation.
According to an economic impact study prepared by KPMG in 2016, our industry delivers the following benefits to the province:
Nova Scotia’s rental property industry is worth more than $1.3 billion to Nova Scotia’s gross domestic product. More than 10,000 Nova Scotians depend on the rental property industry for jobs· Our industry provides good, middle-class jobs, with an average annual wage of more than $53,000. Employees in the Nova Scotia rental property sector pay $173 million in federal, provincial and payroll taxes (shared with employers. Rental housing generates more than $300 million in tax revenue for the three orders of