have is imported products where the currency exchange is higher, but basically the materials used haven’t increased substantially over the past 10 years. We have seen increased costs for labour and increased overhead cost for what we have to provide to assure our due diligence. As profes- sional builders and renovators we are concerned as housing afford- ability has become a major issue for the residents of Nova Scotia and HRM. Fees for building lot development, capital cost charges on land, sub- divisions fees of 5% of land value, permits fees (plumbing permit, development permit, lot grading permit, solid waste charge, blasting permits, demolition permits, streets and services permit and building permits). Then there are regional development fees where new con- struction pays towards upgrading existing services for wastewater and water. Then there is the HST (15%) and for new homes a 1.5% deed transfer tax. For new homes these additional fees can be as high as 20% of new home purchase costs. New development, homes and ren- ovation projects, provide critical tax revenue to our province and city, via property taxes as well as direct and indirect jobs. It is important for all governments to remember the value of our professionally run industrywhen consideringextra cost or raising development charges. The costs are placed on the home building and renovation sector as well as the purchasing public, and if the government is not careful, they may just “cook the goose that lays the golden egg.”
HALIFAX’S TRUSTED PROFESSIONALS for KITCHEN, BATHROOM and BASEMENT RENOVATIONS
K I T C H E N • B AT H R O O M • B A S E M E N T • A D D I T I O N S E X T E R I O R S • D E C K S & A N Y T H I N G I N B E T W E E N !
2018 RENOVATOR OF THE YEAR 2017 MOST OUTSTANDING KITCHEN RENOVATION 2016 RENOVATOR OF THE YEAR 2016 MOST OUTSTANDING KITCHEN RENOVATION
2016 BRONZE WINNER! SMALL BUSINESS OF THE YEAR HALIFAX BUSINESS AWARDS
We would like to be your contractor of choice. Please call, email us: (902) 497-0011 info@monkreno.com www.monkreno.com
both helpful and informative. My goal is to help educate and make the public more aware of the significant skill, professional- ism and organization that is required to be a Trusted Professional in the renovation and new home building industry. Dan Monk is a Professional Engineer (P.Eng.), Red Seal Carpen- ter and the Owner of Monk Renovations. Dan and the team at Monk Renovations can provide you with an outstanding home renovation experiences regardless of the size of your project. Twitter @monkrenovations Facebook & Instagram @monkreno www.monkreno.com
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FEBRUARY 2019 • SPOTLIGHT ON BUSINESS MAGAZINE
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