Changes to Coastal Property Disclosure Forms in Nova Scotia: What Buyers and Sellers Need to Know
As of July 1, 2025, NS Coastal Property Disclosure Changes will affect those buying or selling coastal properties, water-adjacent properties, and properties vulnerable to water intrusion in Nova Scotia. The Nova Scotia Real Estate Commission has introduced changes that provide more transparency and protection for buyers and sellers. These changes will allow buyers to better understand the risks of owning coastal property, especially regarding climate change impacts.
New Disclosure Options for Buyers
Starting July 1, 2025, buyers of coastal properties will have the option to request information about potential coastal flooding, coastal erosion, and other flooding risks. Sellers will need to disclose if the property has been affected by pooling, drainage issues, or general flooding. This change helps both parties navigate the challenges that come with owning property in coastal areas.
The update will be part of the Property Disclosure Statement forms. These changes aim to protect buyers, give them important information, and ensure that sellers communicate any known issues.
Why Is This Important for Buyers and Sellers?
Buying property is a huge financial commitment. For coastal properties, the risks of flooding and erosion due to climate change are rising. This update gives buyers a tool to make more informed decisions. If you are buying a coastal property or one near water, knowing the potential risks helps you avoid surprises.
For sellers, being transparent about any flooding or drainage issues protects you from legal risks down the line. It also helps foster trust between buyers and sellers, making the process smoother.
What This Means for Buyers
As a buyer, you can now request that sellers disclose the following:
- Coastal flooding or erosion history
- Flooding or pooling issues
- Drainage problems or other related environmental factors
This change allows you to make a fully informed decision. Whether you’re buying a waterfront property or vacant land near the coast, the updated forms ensure you know exactly what you’re getting into.
Tools and Resources for Buyers and Sellers
In addition to the new disclosure form, the provincial government has provided several resources to help buyers and sellers understand climate change risks:
- Coastal Hazard Assessment Report: This report offers tailored information on flooding and erosion risks for specific properties.
- Coastal Hazard Mapping Tool: This tool shows the potential coastal flooding and erosion risks for properties.
- Educational Resources for Real Estate Agents: Real estate agents have access to a checklist and training video to help them guide clients through these changes.
These resources help buyers and sellers make informed choices based on potential risks in coastal areas.
What Sellers Need to Know
For sellers, it’s essential to provide accurate information about the risks of coastal flooding and erosion. Disclosure forms will now require you to state whether your property has been impacted by any water intrusion. By completing the forms honestly, you avoid any future misunderstandings or legal issues.
Understanding the Bigger Picture: Climate Change and Coastal Protection
The new disclosure changes are part of Nova Scotia’s broader plan to protect its coastline from the impacts of climate change. The coastal protection action plan outlines steps to make coastal communities more resilient. The Future of Nova Scotia’s Coastline report, released in February 2024, includes 15 actions for the government, municipalities, and property owners to take to adapt to these changes.
By staying informed and using the new Property Disclosure Statements, buyers and sellers can navigate these challenges and ensure they are making the right decisions for the future.
Quick Facts:
- The Nova Scotia Real Estate Commission regulates the real estate industry in Nova Scotia.
- Changes apply to Forms 211 and 212, which are available to all property buyers in Nova Scotia.
- These changes align with Action 6 of the Coastal Protection Action Plan.
Additional Resources for Buyers and Sellers:
- Coastal Hazard Assessment Report Intake Form: Request the report here
- Coastal Hazard Mapping Tool: View the mapping tool here
- The Future of Nova Scotia’s Coastline: Read the full plan here
- News Releases on Coastal Protection: Stay updated on climate change actions
Final Thoughts
With these changes to the Property Disclosure Forms, buying or selling coastal property in Nova Scotia will be more transparent than ever. Buyers will have access to vital information about flooding, erosion, and other risks. Sellers will be required to disclose any known issues, ensuring a smoother and safer transaction. These changes reflect Nova Scotia’s commitment to adapting to climate change and making its coastal communities more resilient.
By taking advantage of the available tools and resources, both buyers and sellers can make informed decisions and protect their investments in coastal real estate.