January 2013 Maritime Economic Fundamentals
- Thread starter Ally
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Nova Scotia businesses scramble for new digs
At least three businesses near the downtown Nova Centre site were scrambling Wednesday to find new homes as word circulated about a pending redevelopment of the old building where they rent space.
Taz Records Inc. on Market Street, Strange Adventures comic book shop on Sackville Street and Night Magic Fashions at the intersection of Market and Sackville were all hunting for new digs after hearing about a redevelopment of the property adjacent to the Nova Centre site.
Read the full article here.
At least three businesses near the downtown Nova Centre site were scrambling Wednesday to find new homes as word circulated about a pending redevelopment of the old building where they rent space.
Taz Records Inc. on Market Street, Strange Adventures comic book shop on Sackville Street and Night Magic Fashions at the intersection of Market and Sackville were all hunting for new digs after hearing about a redevelopment of the property adjacent to the Nova Centre site.
Read the full article here.
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Nova Scotia lost jobs in December
Nova Scotia shed 5,000 jobs last month, bumping the unemployment rate up half a point to 9.3 per cent, according to numbers released Friday by Statistics Canada.
That leaves Nova Scotia bucking a national trend that saw the country add 40,000 jobs in December, the fourth increase in five months for Canadians as a whole. The country`s unemployment rate dropped 0.1 percentage points to 7.1 per cent, the lowest in four years.
Read the full article here.
Nova Scotia shed 5,000 jobs last month, bumping the unemployment rate up half a point to 9.3 per cent, according to numbers released Friday by Statistics Canada.
That leaves Nova Scotia bucking a national trend that saw the country add 40,000 jobs in December, the fourth increase in five months for Canadians as a whole. The country`s unemployment rate dropped 0.1 percentage points to 7.1 per cent, the lowest in four years.
Read the full article here.
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St. John predicts drop in new construction
Saint John politicians are preparing to debate the 2013 budget on Monday as the province`s largest city is bracing for a drop in new construction.
Saint John`s budget is projecting a growth in property assessments of just more than three per cent, but that is down from five per cent in 2012.
Read the full article here.
Saint John politicians are preparing to debate the 2013 budget on Monday as the province`s largest city is bracing for a drop in new construction.
Saint John`s budget is projecting a growth in property assessments of just more than three per cent, but that is down from five per cent in 2012.
Read the full article here.
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Halifax landlord seeks break on zoning law
Following the letter of the law might force a Halifax landlord to gut his small apartment building in the heart of the university district and convert the structure into a big rooming house.
`Why can the city people not use some common sense here?` Eric Zusman, the owner of the building at 6165-6167 Watt St., said Monday.
Read the full article here.
Following the letter of the law might force a Halifax landlord to gut his small apartment building in the heart of the university district and convert the structure into a big rooming house.
`Why can the city people not use some common sense here?` Eric Zusman, the owner of the building at 6165-6167 Watt St., said Monday.
Read the full article here.
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Halifax house prices post healthy gains
The Halifax region`s three major housing categories posted healthy year-over-year price gains in the Royal LePage house price survey released Tuesday.
However, the market was a bit sluggish in the fourth quarter compared with the similar period last year, and the survey predicted little change this year.
Read the full article here.
The Halifax region`s three major housing categories posted healthy year-over-year price gains in the Royal LePage house price survey released Tuesday.
However, the market was a bit sluggish in the fourth quarter compared with the similar period last year, and the survey predicted little change this year.
Read the full article here.
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Nova Scotia housing market in 2013 to mirror 2012
By the end of 2013, the housing market will seem like a case of dÃjà vu as it mirrors 2012 with little change. This means Nova Scotians can expect stability in the overall provincial real estate market.
`It is expected that 2013 will be a bit of a holding period,` says Wayne MacIntosh, president of the Nova Scotia Association of REALTORSÂ (NSAR). `This stability creates great opportunity for those who have been preparing to enter the market.`
Read the full article here.
By the end of 2013, the housing market will seem like a case of dÃjà vu as it mirrors 2012 with little change. This means Nova Scotians can expect stability in the overall provincial real estate market.
`It is expected that 2013 will be a bit of a holding period,` says Wayne MacIntosh, president of the Nova Scotia Association of REALTORSÂ (NSAR). `This stability creates great opportunity for those who have been preparing to enter the market.`
Read the full article here.
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Markets ranked among "markets to watch" in 2013
Winnipeg is ranked among the top eight Canadian cities to watch for real estate investing in 2013, according to a global study by the U.S.-based Urban Land Institute (ULI).
"To us, Winnipeg seems like a steady market of opportunities," the report noted, commenting on the city's strong manufacturing sector and low unemployment as factors.
Read the full article here.
Winnipeg is ranked among the top eight Canadian cities to watch for real estate investing in 2013, according to a global study by the U.S.-based Urban Land Institute (ULI).
"To us, Winnipeg seems like a steady market of opportunities," the report noted, commenting on the city's strong manufacturing sector and low unemployment as factors.
Read the full article here.
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Saskatoon will need houses, retail
Rapid population growth in Saskatoon over the next two decades will require three million more square feet of retail space, at least six new hotels and a 40 per cent increase in office space, according to a consultant hired by the city.
A 215-page outlook report, completed by Vancouver-based MXD Development Strategists for $91,000, said the city has enough land, however, to handle the startling demand.
Read the full article here.
Rapid population growth in Saskatoon over the next two decades will require three million more square feet of retail space, at least six new hotels and a 40 per cent increase in office space, according to a consultant hired by the city.
A 215-page outlook report, completed by Vancouver-based MXD Development Strategists for $91,000, said the city has enough land, however, to handle the startling demand.
Read the full article here.
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Halifax housing prices took a dip at year end
Overall housing prices in Halifax increased in 2012 but began declining over the last three months of the year, a new report shows.
According to the Teranet-National Bank index, released Wednesday, house prices in Halifax increased 5.6 per cent in December from the similar 2011 period and 5.3 percent overall from 2011.
Read the full article here.
Overall housing prices in Halifax increased in 2012 but began declining over the last three months of the year, a new report shows.
According to the Teranet-National Bank index, released Wednesday, house prices in Halifax increased 5.6 per cent in December from the similar 2011 period and 5.3 percent overall from 2011.
Read the full article here.
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Huge change coming to the Maritimes
The King`s Wharf complex is the kind of once-in-a-generation development that has the power to change the whole template of a city. When it`s fully completed sometime in the next 10 years, the $500-million complex promises to be a showstopper. Located on a prime piece of Dartmouth`s waterfront, it will include 1,200 condominium units, a 200-room hotel and convention centre, condo hotel suites, and meticulously appointed outdoor spaces. Each of its modern towers will include lower floors filled with shops and commercial offices for the convenience of residents and the larger Dartmouth community. Plus, it`s poised to become one of Halifax`s most fashionable addresses and a focal point of Halifax harbour, all within easy walking distance of downtown Dartmouth and the harbour ferries.
Read the full article here.
The King`s Wharf complex is the kind of once-in-a-generation development that has the power to change the whole template of a city. When it`s fully completed sometime in the next 10 years, the $500-million complex promises to be a showstopper. Located on a prime piece of Dartmouth`s waterfront, it will include 1,200 condominium units, a 200-room hotel and convention centre, condo hotel suites, and meticulously appointed outdoor spaces. Each of its modern towers will include lower floors filled with shops and commercial offices for the convenience of residents and the larger Dartmouth community. Plus, it`s poised to become one of Halifax`s most fashionable addresses and a focal point of Halifax harbour, all within easy walking distance of downtown Dartmouth and the harbour ferries.
Read the full article here.