February 2012 Maritime Economic Fundamentals
- Thread starter Ally
- Start date
- Joined
- Mar 24, 2009
- Messages
- 16,743
A peek into CMHC's Atlantic Housing Market Outlook
The economic landscape and its impact on Atlantic Canada`s housing market will be one of the themes explored in this year`s Halifax Housing Outlook Conference.
The conference is put on annually by Canada Mortgage and Housing Corporation and is one of several conferences that will be taking place across the country. It will take place from 7:30 a.m. until 12:15 p.m. at the Marriott Harbourfront, Halifax, February 16.
In addition to Atlantic Canada`s housing market, the conference will also look specifically at Metro Halifax and the rising needs of seniors housing trends.
Matthew Gilmore is a senior market analyst with CMHC and he will be one of the keynote speakers at this year`s conference.
Read the full article here.
The economic landscape and its impact on Atlantic Canada`s housing market will be one of the themes explored in this year`s Halifax Housing Outlook Conference.
The conference is put on annually by Canada Mortgage and Housing Corporation and is one of several conferences that will be taking place across the country. It will take place from 7:30 a.m. until 12:15 p.m. at the Marriott Harbourfront, Halifax, February 16.
In addition to Atlantic Canada`s housing market, the conference will also look specifically at Metro Halifax and the rising needs of seniors housing trends.
Matthew Gilmore is a senior market analyst with CMHC and he will be one of the keynote speakers at this year`s conference.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Halifax jobless rate at 5.4%
Halifax may be on a list of six cities with Canada`s lowest unemployment rates, but the Construction Association of Nova Scotia wasn`t celebrating that fact Monday.
`If you are looking for workers with any of the skilled trades, the low unemployment rate is only an indicator of bad things on the way,` association president Duncan Williams said Monday.
The latest job figures from Statistics Canada indicate Halifax is holding steady with an unemployment rate of about 5.4 per cent. The number for December 2011 was the same.
Read the full article here.
Halifax may be on a list of six cities with Canada`s lowest unemployment rates, but the Construction Association of Nova Scotia wasn`t celebrating that fact Monday.
`If you are looking for workers with any of the skilled trades, the low unemployment rate is only an indicator of bad things on the way,` association president Duncan Williams said Monday.
The latest job figures from Statistics Canada indicate Halifax is holding steady with an unemployment rate of about 5.4 per cent. The number for December 2011 was the same.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Population turnaround in Atlantic Canada, all provinces see growth: Latest census figures
HALIFAX - After decades of losing its young people to the lure of high-paying work in Ontario and Western Canada, the Atlantic region is showing signs of having turned things around, the latest census figures show.
Despite the ever-present prospect of better jobs outside the region, the four Maritime provinces managed to grow their ranks during the past five years by placing a greater emphasis on attracting and retaining immigrants from abroad.
Census figures released Wednesday show Eastern Canada with a growth rate of 1.9 per cent, led by Prince Edward Island and New Brunswick at 3.2 per cent and 2.9 per cent, respectively. Growth was modestly higher in Nova Scotia ` 0.9 per cent, up from 0.6 for the previous five-year period.
Read the full article here.
HALIFAX - After decades of losing its young people to the lure of high-paying work in Ontario and Western Canada, the Atlantic region is showing signs of having turned things around, the latest census figures show.
Despite the ever-present prospect of better jobs outside the region, the four Maritime provinces managed to grow their ranks during the past five years by placing a greater emphasis on attracting and retaining immigrants from abroad.
Census figures released Wednesday show Eastern Canada with a growth rate of 1.9 per cent, led by Prince Edward Island and New Brunswick at 3.2 per cent and 2.9 per cent, respectively. Growth was modestly higher in Nova Scotia ` 0.9 per cent, up from 0.6 for the previous five-year period.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Halifax grows, Cape Breton shrinks
Census numbers show Halifax's population continues to grow while most rural areas in the province lose residents.
Figures from the 2011 census show Nova Scotia's capital grew by 4.7 per cent over five years, from 372,858 to 390,328.
Don McIver, director of research at the Atlantic Institute of Market Studies, said young people continue to head to the city for opportunities that no longer exist at home.
"Nearly every county is in decline except Halifax," he said Wednesday.
The population of the Cape Breton Regional Municipality dropped 4.7 per cent from 2006, from 102,250 to 97,398.
Read the full article here.
Census numbers show Halifax's population continues to grow while most rural areas in the province lose residents.
Figures from the 2011 census show Nova Scotia's capital grew by 4.7 per cent over five years, from 372,858 to 390,328.
Don McIver, director of research at the Atlantic Institute of Market Studies, said young people continue to head to the city for opportunities that no longer exist at home.
"Nearly every county is in decline except Halifax," he said Wednesday.
The population of the Cape Breton Regional Municipality dropped 4.7 per cent from 2006, from 102,250 to 97,398.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Immigration bolsters Atlantic region's population ranks
After decades of losing its young people to the lure of high-paying work in Ontario and Western Canada, the Atlantic region is showing signs of having turned things around, the latest census figures show.
Despite the ever-present prospect of better jobs outside the region, the four Atlantic provinces managed to grow their ranks during the past five years by placing a greater emphasis on attracting and retaining immigrants from abroad.
Read the full article here.
After decades of losing its young people to the lure of high-paying work in Ontario and Western Canada, the Atlantic region is showing signs of having turned things around, the latest census figures show.
Despite the ever-present prospect of better jobs outside the region, the four Atlantic provinces managed to grow their ranks during the past five years by placing a greater emphasis on attracting and retaining immigrants from abroad.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Walmart to open three new stores in Nova Scotia
Walmart Canada`s $750-million capital plan for the upcoming year will include at least three new stores in Nova Scotia, the retail giant confirmed Tuesday.
Walmart will convert Zellers locations in Greenwood, North Sydney and Cole Harbour to its brand either this year or early in 2013.
`Those are definitely projects that we`re going to be working on this year,` spokeswoman Susan Schutta said in an interview from Toronto.
Read the full article here.
Walmart Canada`s $750-million capital plan for the upcoming year will include at least three new stores in Nova Scotia, the retail giant confirmed Tuesday.
Walmart will convert Zellers locations in Greenwood, North Sydney and Cole Harbour to its brand either this year or early in 2013.
`Those are definitely projects that we`re going to be working on this year,` spokeswoman Susan Schutta said in an interview from Toronto.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Shell plans 'positive' for Nova Scotia
If you`re in the energy business these days, you`re looking for crude oil and not natural gas.
That`s why veteran oil man Norman Miller says the decision by Shell to once again search for oil offshore of Nova Scotia is so exciting.
`It`s good for the province to have a longer horizon that could be promising,` he told me in a brief conversation from his home in Calgary, where he now lives following his retirement as the CEO of the junior energy company Corridor Resources Inc., which is based in Halifax.
Read the full article here.
If you`re in the energy business these days, you`re looking for crude oil and not natural gas.
That`s why veteran oil man Norman Miller says the decision by Shell to once again search for oil offshore of Nova Scotia is so exciting.
`It`s good for the province to have a longer horizon that could be promising,` he told me in a brief conversation from his home in Calgary, where he now lives following his retirement as the CEO of the junior energy company Corridor Resources Inc., which is based in Halifax.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Halifax North-end residences proposed
A new $10-million residential development is being proposed for north-end Halifax.
A proposal to redevelop four properties at the corner of Bilby and Isleville streets near the Hydrostone area was put forward to Halifax Regional Municipality by Genivar Inc. on behalf of P.F.K. Properties Ltd.
The seven-storey project, designed by Michael Napier Architecture, would include eight two-level, townhouse-style units at the base of the building, 48 condominium-style apartments on the upper floors, and one level of underground parking with 44 stalls.
Read the full article here.
A new $10-million residential development is being proposed for north-end Halifax.
A proposal to redevelop four properties at the corner of Bilby and Isleville streets near the Hydrostone area was put forward to Halifax Regional Municipality by Genivar Inc. on behalf of P.F.K. Properties Ltd.
The seven-storey project, designed by Michael Napier Architecture, would include eight two-level, townhouse-style units at the base of the building, 48 condominium-style apartments on the upper floors, and one level of underground parking with 44 stalls.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Nova Scotia population slump in census worries developers
Stagnant population growth in Nova Scotia should be a wake-up call for everyone in the business community, local developers say.
According to census figures released Wednesday by Statistics Canada, the province`s population base increased by 0.9 per cent from 2006 to 2011, compared with a 0.6 per cent increase during the previous five-year period.
The number of people in Halifax jumped 4.7 per cent during that time, to 390, 096. However, a 4.7 per cent decline in Cape Breton and 0.2 per cent drop in Lunenburg point to a migration to Halifax and not an increase in the number of people moving to the city from outside the province.
Read the full article here.
Stagnant population growth in Nova Scotia should be a wake-up call for everyone in the business community, local developers say.
According to census figures released Wednesday by Statistics Canada, the province`s population base increased by 0.9 per cent from 2006 to 2011, compared with a 0.6 per cent increase during the previous five-year period.
The number of people in Halifax jumped 4.7 per cent during that time, to 390, 096. However, a 4.7 per cent decline in Cape Breton and 0.2 per cent drop in Lunenburg point to a migration to Halifax and not an increase in the number of people moving to the city from outside the province.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
RIM's iffy fate fails to deter job seekers
Hundreds of job seekers clutching resumes and donning their best threads flocked to Research in Motion`s Bedford office Wednesday for a chance to woo recruiters.
The BlackBerry maker opened its doors to the public for the first time for a recruitment fair to hire 30 people for technical support positions.
Despite the technology giant`s recent turmoil, the atmosphere at the job fair was buzzing.
As job hunters arrived at RIM, they were promptly greeted by employees, handed a packet of information and assigned a number.
Read the full article here.
Hundreds of job seekers clutching resumes and donning their best threads flocked to Research in Motion`s Bedford office Wednesday for a chance to woo recruiters.
The BlackBerry maker opened its doors to the public for the first time for a recruitment fair to hire 30 people for technical support positions.
Despite the technology giant`s recent turmoil, the atmosphere at the job fair was buzzing.
As job hunters arrived at RIM, they were promptly greeted by employees, handed a packet of information and assigned a number.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
In P.E.I., attracting newcomers is the easy part
CHARLOTTETOWN - The latest census numbers suggest Prince Edward Island has figured out how to attract skilled immigrants. The question now is whether Canada's smallest province can hold on to them.
P.E.I.'s growth rate increased to 3.2 per cent during the latest five-year census period, Statistics Canada said Wednesday, an increase fuelled largely by an influx of immigrants ` more than 8,100 of them between 2006 and 2011, compared with just over 1,100 during the previous five years.
The problem is, they don't all stay.
Read the full article here.
CHARLOTTETOWN - The latest census numbers suggest Prince Edward Island has figured out how to attract skilled immigrants. The question now is whether Canada's smallest province can hold on to them.
P.E.I.'s growth rate increased to 3.2 per cent during the latest five-year census period, Statistics Canada said Wednesday, an increase fuelled largely by an influx of immigrants ` more than 8,100 of them between 2006 and 2011, compared with just over 1,100 during the previous five years.
The problem is, they don't all stay.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Halifax council props up Skye, sends towers to public hearing
The proposed $350-million Skye Halifax project proposed by United Gulf Developments Ltd. survived its first test flight at Halifax city hall Tuesday with a resounding vote in its favour.
By a 14-to-6 vote, council rejected a staff recommendation to stop the proposal in its tracks.
Regional councillors then backed up that move with a subsequent vote to initiate what promises to be a raucous public debate over the sleek complex proposed for the former Tex-Park site that could potentially add 600 residential units to the city`s central core in twin, 48-storey towers.
Read the full article here.
The proposed $350-million Skye Halifax project proposed by United Gulf Developments Ltd. survived its first test flight at Halifax city hall Tuesday with a resounding vote in its favour.
By a 14-to-6 vote, council rejected a staff recommendation to stop the proposal in its tracks.
Regional councillors then backed up that move with a subsequent vote to initiate what promises to be a raucous public debate over the sleek complex proposed for the former Tex-Park site that could potentially add 600 residential units to the city`s central core in twin, 48-storey towers.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Nova Scotia government says it needs more immigrants
HALIFAX - Immigration will have to increase to meet a job crunch that could occur when several large megaprojects ramp up over the next five years, says an official with Nova Scotia's Office of Immigration.
Executive director Elizabeth Mills told the legislature's public accounts committee Wednesday that the current demand for skilled workers is meeting the supply, but that will change rapidly by 2014.
Mills said economic models indicate there could be between 3,000 and 10,000 jobs that will need to be filled as part of the $25-billion federal shipbuilding contract and several other large industrial projects, including the Muskrat Falls hydroelectric project in Labrador.
Read the full article here.
HALIFAX - Immigration will have to increase to meet a job crunch that could occur when several large megaprojects ramp up over the next five years, says an official with Nova Scotia's Office of Immigration.
Executive director Elizabeth Mills told the legislature's public accounts committee Wednesday that the current demand for skilled workers is meeting the supply, but that will change rapidly by 2014.
Mills said economic models indicate there could be between 3,000 and 10,000 jobs that will need to be filled as part of the $25-billion federal shipbuilding contract and several other large industrial projects, including the Muskrat Falls hydroelectric project in Labrador.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Halifax's City Centre Atlantic to add to be done by year-end
With construction on one project on schedule, a Halifax developer is preparing to break ground on another.
Work on the $18-million, five-storey addition to City Centre Atlantic on Dresden Row is slated to be completed by the end of the year, with occupancy beginning in the fall.
But Louis Lawen, president of Dexel Developments Ltd., said he`s looking to begin work on twin seven-storey, 83-unit buildings next to Mic Mac Mall in Dartmouth.
Read the full article here.
With construction on one project on schedule, a Halifax developer is preparing to break ground on another.
Work on the $18-million, five-storey addition to City Centre Atlantic on Dresden Row is slated to be completed by the end of the year, with occupancy beginning in the fall.
But Louis Lawen, president of Dexel Developments Ltd., said he`s looking to begin work on twin seven-storey, 83-unit buildings next to Mic Mac Mall in Dartmouth.
Read the full article here.