December 2013 Maritime Economic Fundamentals

Ally

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Mar 24, 2009
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#2
Shipyard work welcomed





The modernization of the Halifax Shipyard is good news for his business, says Miguel Salguiero, co-owner of Omega Formwork Inc. of Mount Uniacke.





Omega was among a number of local companies included in $28.5 million worth of shipyard modernization contracts announced Tuesday by Irving Shipbuilding
.





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Ally

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#3
Halifax area housing market expected to rebound in 2014





The Halifax-Dartmouth region will lead an Eastern Canadian real estate market resurgence in 2014, says the Re/Max Canadian Housing Market Outlook released Wednesday.





Along with a five per cent increase in sales activity, the national survey predicted an average selling price of $278,000 next year, for a one per cent increase over 2013 for the region.





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Ally

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#4
Rental glut may inhibit building in Halifax





A construction boom has inflated the number of vacant apartments in Halifax, according to a study released Thursday.








Apartment vacancy is also increasing in other Nova Scotia urban centres, but for different reasons.








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Ally

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#5
Halifax rental market update





HALIFAX, NOVA SCOTIA--(Marketwired - Dec. 12, 2013) -
The rental apartment vacancy rate[sup]1 in Nova Scotia's urban centres2[/sup] was 3.7 per cent in October, 2013, up from 3.4 per cent in October, 2012 according to the Fall Rental Market Survey released today by Canada Mortgage and Housing Corporation.





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Ally

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#6
Nova Scotia real estate sales slump





The real estate market in Nova Scotia had a sluggish fall, but industry groups remain optimistic that a rebound is around the corner.








According to numbers released by the Nova Scotia Association of REALTORS Monday, provincial sales were down 6.8 per cent in the three-month period ending in November when compared to last year. Halifax-Dartmouth led the way with a 10.2 per cent drop in sales.





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Ally

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Mar 24, 2009
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Langley
#7
Vacancies, rents up across Newfoundland





According to the Fall 2013 report from the Canada Mortgage and Housing Corp. (CMHC) , released recently, the apartment vacancy rate was 2.7 per cent in October, up from 2.2 per cent in October 2012.








In St. John`s, the vacancy rate was 3.2 per cent in October, compared with 2.8 per cent the year before.





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