June 2014 Maritime Economic Fundamentals

Ally

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#2
Atlantic premiers focus on labour needs





The premiers of Canada`s Atlantic provinces are focusing on developing the region`s natural and human resources and enhancing international trade efforts in order to strengthen the economy and create new opportunities for Atlantic Canadians, announced the Council of Atlantic Premiers following a recent meeting.





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Ally

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#3
Rental market vacancy rate up in Newfoundland and Labrador





The St. John's rental market vacancy rate was 4.8 per cent in April compared to 1.5 per cent a year ago.





"Rental market demand waned during the survey period due to slightly weaker growth in population and employment," said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador.





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Ally

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#4
Spring 2014 rental market in New Brunswick





MONCTON, NEW BRUNSWICK`(Marketwired ` June 11, 2014) -
The rental apartment vacancy rate(1) in New Brunswick`s urban centres(2) was 9.1 per cent in April 2014, up from 7.6 per cent in April of 2013, according to the Spring Rental Market Survey released today by Canada Mortgage and Housing Corporation.





`Weaker demand for rental units stemming from rising out-migration and a slowing job market, combined with rising levels of supply in some provincial markets has resulted in higher vacancy rates in most urban centres in New Brunswick,` said Claude Gautreau, CMHC`s senior market analyst for New Brunswick. The vacancy rate in Fredericton was the lowest among the province`s large urban centres at 6.2 per cent. In Moncton and Saint John, the vacancy rates stood at 10.7 and 10.0 per cent, respectively.





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Ally

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#5
Spring 2014 rental market in Nova Scotia





HALIFAX, NOVA SCOTIA--(Marketwired - June 11, 2014) -
The rental apartment vacancy rate[sup]1 in Nova Scotia's urban centres2[/sup] was 4.5 per cent in April, 2014, up from 3.4 per cent in April, 2013 according to the Spring Rental Market Survey released today by Canada Mortgage and Housing Corporation.





"Vacancy rates in urban centres in Nova Scotia were mixed in the spring of this year," said Guillaume Neault, Senior Market Analyst with CMHC's Atlantic Business Centre. "In Halifax, slower population gains and the completion of nearly 2,000 purpose-built rental units in the last year resulted in the vacancy rate rising to 4.1 per cent this spring," said Neault. "In Truro, the absorption of units built in 2012 contributed to the vacancy rate decreasing one full percentage point to 7.4 per cent," Neault added.





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Ally

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#6
New apartments lead to higher vacancy rates in Halifax





It`s getting easier to find an apartment in Halifax, but it`s also getting more expensive.





Halifax`s vacancy rate ticked up over the past year, according to a report by the Canada Mortgage and Housing Corporation.





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Ally

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Mar 24, 2009
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#7
Projections are poor for Nova Scotia home sales





Halifax-Dartmouth home sales were down in May, compared to the same month in 2013, according to the Canadian Real Estate Association.





Figures released Monday found May sales up from May 2013 in about 60 per cent of local markets, led by Greater Vancouver, Fraser Valley, Calgary and Greater Toronto.








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