BREAKING: Nova Scotia’s 2% Down Payment Program Dissected | What First-Time Buyers MUST Understand

Описание: Nova Scotia has just launched a brand-new First-Time Homebuyers Program that allows eligible buyers to purchase a home with as little as 2% down, a major reduction from the traditional down payment requirements — and it’s already generating a lot of attention.

But here’s the truth: the program is still in its early stages, and many of the details have not yet been fully defined. In this episode, we sat down with Helen and Milan Gonda to break down what we do know — and what you need to understand before assuming this is an easy path to homeownership.

What We Discuss in this Video:
The basics of the new 2% down payment program — how it works and how it differs from traditional mortgages.
Unanswered questions about the program, including which lenders will participate, how interest rates may be set, and what the terms may look like at mortgage renewal or refinance.
Real limitations and specific conditions — such as price caps on eligible homes, income and credit requirements, and the fact that the program is only available through participating credit unions.
Why this isn’t automatically the best option for everyone — and why, in many cases, a personalized financial assessment is essential.
Comparisons with other existing first-time buyer programs, federal incentives, and traditional mortgage solutions — because sometimes the most attractive headline isn’t the best long-term choice.


Why You Should Watch This
There’s a lot of noise around this new program — but not all opportunities are created equal. Some buyers might qualify but still end up better off with a different mortgage strategy, especially when you factor in interest costs, future renewals, and long-term financial planning.

If you’re thinking about buying your first home in Nova Scotia, you need clarity, not hype. This video cuts through the buzz and gives you the insight to make a confident decision.


Contact the professionals and get a personalized assessment:
Helen Gonda, Associated Mortgage Broker, 902 237 11 12 [email protected]
Milan Gonda, REALTOR® 902 980 00 70 , [email protected]


The first step to buying your new home always begins with financing. Watch the following videos where we explain it step by step.


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Every individual's financial situation is unique. We strongly recommend that you consult with a licensed professional (Mortgage Broker, Realtor, or Financial Advisor) for an accurate evaluation tailored to your specific circumstances before making any financial decisions. How Much Mortgage and its creators are not responsible for any actions taken based on the information provided in this channel.