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July 2013 Maritime Economic Fundamentals

Ally

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News articles for July 2013.
 

Ally

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Halifax home prices rise in the second quarter




HALIFAX, July 9, 2013 /CNW/ - The Royal LePage House Price Survey and Market Survey Forecast released today showed strong year-over-year price increases across all housing types surveyed in Halifax - particularly among standard two-storey homes and condominiums.




Standard two-storey homes posted an average price increase of 5.0 per cent to $333,167 and condominiums increased by 5.1 per cent to $215,950. Detached bungalows showed a more modest increase of 1.0 per cent to $288,667.





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Ally

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June housing starts in Halifax






HALIFAX, NOVA SCOTIA--(Marketwired - July 9, 2013) -
Housing starts in Halifax, Census Metropolitan Area (CMA) were trending at 2,870 units in June compared to 2,813 in May according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)[sup](1)[/sup] of housing starts.




"Housing starts in Halifax trended slightly higher in June," said Tim Andrews, CMHC's Market Analyst for Nova Scotia. "Residential construction in the first six months of the year was supported by increased activity in the multi-family segment, most specifically apartment-style rental," added Andrews.





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A stable economy brings in moderate price increases to Charlottetown



The Royal LePage House Price Survey and Market Survey Forecast released this week showed moderate year-over-year price increases across all housing types surveyed in Charlottetown.





The prices of detached bungalows rose by 0.6 per cent to $173,000, and standard condominiums increased by 0.8 per cent to $128,000.





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Sydney port contract awarded to MacNeil Management Consultants





MacNeil Management Consultants has received the contract to lead the advancement of the Cape Breton Regional Municipality`s port development file, with engineering firm CBCL Ltd. also playing an affiliated role by providing technical consulting services.



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Global firms flocking to Nova Scotia








Nova Scotia is becoming a favourite landing spot for international companies, says a leading financial organization.




According to fDI Intelligence, a division of the Financial Times Ltd., the province attracted more foreign direct investment to its shores per capita than any other North American jurisdiction.




The arrival of IBM
with its data analytics centre, Admiral Insurance
, and Stream
represented three of the four largest job-creating projects in the country in 2012, said Henry Loewendahl, North American vice-president for fDI Intelligence.







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