, Nova Scotia has first-hand experience of how council re-zoning decisions can work against property owners.
Modern Realty is based outside downtown and in an area not zoned for professional offices. The firm applied for rezoning on the basis that there was not enough room in its CBD premises, but the council rejected the application.
The Chronicle Herald
reports that the decision could prove costly for the realtors who face a $255.90 fine for every day they continue to operate in the office. They are also considering an appeal.
The council say that it is important to protect downtown by ensuring that businesses are based there.
A review of planning strategy is due in 2016.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Long Cove, Grand Manan, Mount Currie, Saint-Tharcisius, Clarence-Rockland
A real estate company in