North Sydney, Nova Scotia
North Sydney is a community in Cape Breton Regional Municipality. As of 2001, the population for North Sydney was 6,775. It is located to the north of Sydney Harbour, and serves as an important port in Atlantic Canada. North Sydney has been nicknamed “The Gateway to Newfoundland” because it is the marine link for the Trans-Canada Highway to the island of Newfoundland. The Marine Atlantic ferry company is also one of the largest employers in the area.
North Sydney is home to the Cape Breton County Farmer’s Exhibition, which is hosted every August. It is one of the largest attractions in the area—drawing in thousands of people in the Cape Breton Region and even the province.
Demographics, Cape Breton Regional Municipality (Census 2001)
| |
|
|
| Ethnic Origin |
Population |
Percentage |
| Canadian |
49,960 |
46.3% |
| Scottish |
43.055 |
39.9% |
| English |
24,305 |
22.5% |
| Irish |
23,300 |
21.6% |
| French |
17,665 |
16.4% |
| North American Indian |
4,435 |
4.1% |
| Italian |
3,075 |
2.9% |
| German |
2,660 |
2.5% |
| Polish |
2,390 |
2.2% |
| Dutch |
1,520 |
1.4% |
| Ukrainian |
1,140 |
1.1% |
| Welsh |
1,105 |
1.0% |
| Lebanese |
1,075 |
1.0% |
Don't Be Alarmed, I.D. Required 
As of June 23, 2008, your REALTOR® will have to ask for identification, as in picture I.D. In June 2007, the federal government approved amendments to regulations under the Proceeds of Crime (Money Laundering)and Terrorist Financing Act (PCMLTFA). The amendments, which come into effect on June 23, 2008, are designed to broaden the scope of record keeping and reporting requirements. This means that real estate salespersons and brokers will have new obligations under the PCMLTFA.
Requirements as of June 23, 2008 will include a receipt of funds record for all transactions regardless of the amount of funds received (unless funds are received from a financial entity or public body). In addition, a client identification record will be required to be completed with respect to every purchase and sale regardless of the existence of a cash deposit. Salespersons and brokers will be required to verify and record the identification of each client involved in a particular sale.
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REALTOR®, Realtor®, realtor
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The word Realtor®: is a registered trademark in the United States and only members of the National Association of Realtors®: are permitted to use and spell (upper case and lower case) the word.
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