Nova Scotia’s one dollar house

A brand new seaside home in Nova Scotia has been given an official assessment of just $1 after the owner found a Mi’kmaq axe in the two acre grounds.

The Ottawa Citizen says that the discovery means that there is potential for a First Nations land claim.

The homeowner, Mike MacDonald, argues that his home, which was assessed at $253,000, is effectively worthless.

The matter will be considered in the fall by the Nova Scotia Utility and Review Board, but until then the $1 assessment means that MacDonald has no property tax to pay. 

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

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?