Housing construction in Halifax to increase in 2015
HALIFAX, NOVA SCOTIA--(Marketwired - May 25, 2015) - According to Canada Mortgage and Housing Corporation's (CMHC's) Spring Housing Market Outlook - Halifax report, residential construction in the city is expected to increase in 2015 and remain stable in 2016.
"Multiple starts are forecast to take the lion's share of construction activity in both 2015 and 2016, as the low vacancy rate in new buildings and favourable interest rates stimulate construction activity in the Halifax CMA," said Guillaume Neault, Principal, Market Analysis with CMHC's Atlantic Business Centre.
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