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March 2012 Maritime Economic Fundamentals

Ally

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Cold season hot for Halifax housing




Halifax-Dartmouth had the hottest real estate market in Canada during what is normally the coldest months of the year for sales activity, Re/Max says.




Housing sales increased 35 per cent in the capital region during January and February, said a market trends report released Thursday by the real estate company. There were 896 units sold during the first two months of the year, compared with 663 units for the same period of 2011.




Saskatoon and Saint John, N.B., were the next-busiest markets, with 21 and 20 per cent year-over-year increases, respectively.





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Ally

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Nova Scotia invests in jobs, infrastructure, and training through shipbuilding contracts





Nova Scotia committed up to $304 million in loans as part of Irving Shipbuilding's successful bid for the $25 billion federal combat vessel shipbuilding program, Premier Darrell Dexter revealed today, March 30.







It is the single largest investment in jobs and growing the economy in Nova Scotia's history - to strengthen the competitiveness of Irving Shipbuilding's bid to build Canada's next fleet of combat ships. It represents six per cent of the tax revenue the province expects to receive in return.







"I, the entire province, and indeed people from across Canada, have stood behind Irving's bid from day one, knowing that the best ships in the world start right here," said Premier Dexter. "This is the single most important opportunity Nova Scotia has ever seen to create jobs and propel our economy into the future. This is a vital project for Nova Scotia and for Canada."







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