June 2015 Maritimes Economic Fundamentals

Ally

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#2
$90 million set aside for Centennial Bridge in New Brunswick

"Infrastructure renewal is a central part of our plan to stimulate job creation and economic activity in New Brunswick," said Transportation and Infrastructure Minister Roger Melanson.

"We are proud to partner with the federal government to invest in the renewal of the Centennial Bridge, a strategic piece of infrastructure that links northern New Brunswick to the rest of the province and the country."

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Ally

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Mar 24, 2009
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#3
Vacancy rate lower in New Brunswick

MONCTON, NEW BRUNSWICK--(Marketwired - June 15, 2015) - The rental apartment vacancy rate1 in New Brunswick's urban centres2 was 8.0 per cent in April 2015, down from 9.1 per cent last spring, according to the Spring Rental Market Survey released today by Canada Mortgage and Housing Corporation.

"A significant year-over-year decline in the spring vacancy rate in some of New Brunswick's urban centres, most notably in Moncton and Miramichi, contributed to the lower overall provincial vacancy rate," said Claude Gautreau, CMHC's senior market analyst for New Brunswick and Prince Edward Island. 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 8.8 and 8.4 per cent, respectively.



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Ally

Research Assistant
Registered
Mar 24, 2009
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Langley
#4
Vacancy rate lower in Prince Edward Island

MONCTON, NEW BRUNSWICK--(Marketwired - June 15, 2015) - The rental apartment vacancy rate1 in Prince Edward Island's urban centres2 was 6.5 per cent in April 2015 compared to 8.5 per cent in April 2014, according to the Spring Rental Market Survey released today by Canada Mortgage and Housing Corporation.

"In the spring of 2015, the vacancy rate in Prince Edward Island declined significantly," said Claude Gautreau, CMHC's Senior Market Analyst for New Brunswick and Prince Edward Island. "The decline was due, in large part to last year's reduced levels of construction activity in the local rental market and continued gains in net migration," added Gautreau.



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Ally

Research Assistant
Registered
Mar 24, 2009
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Langley
#5
Vacancy rate remains stable in Nova Scotia

HALIFAX, NOVA SCOTIA--(Marketwired - June 15, 2015) - The rental apartment vacancy rate1 in Nova Scotia's urban centres2 was 4.6 per cent in April, 2015, which was relatively unchanged from last April according to the Spring Rental Market Survey released today by Canada Mortgage and Housing Corporation.

"Vacancy rates in urban centres in Nova Scotia remained stable in most centres across the province this spring," said Alex MacDonald, Regional Economist, with CMHC's Atlantic Market Analysis Centre. "In Halifax, relatively strong population gains in the third and fourth quarter kept the vacancy rate statistically unchanged at 4.2 per cent this spring," said MacDonald. "In New Glasgow, despite little construction taking place over the last year the vacancy rate increased to 9.0 per cent in April," MacDonald added.

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