November 2013 Maritime Economic Fundamentals
- Thread starter Ally
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New home market worries builders
Hundreds of people who grew up in the greater Halifax region in recent decades did so in a house built by MacFarlane Homes of Dartmouth.
These days, the phone only rings for renovation jobs, business founder Tom MacFarlane lamented Thursday.
Read the full article here.
Hundreds of people who grew up in the greater Halifax region in recent decades did so in a house built by MacFarlane Homes of Dartmouth.
These days, the phone only rings for renovation jobs, business founder Tom MacFarlane lamented Thursday.
Read the full article here.
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Report says Atlantic exporters should benefit from U.S. recovery in 2014
HALIFAX - The Atlantic Provinces Economic Council's annual economic outlook says the Atlantic region should benefit from stronger demand for exports in 2014.
The report says a forecast from the International Monetary Fund predicts world growth will increase from 2.9 per cent in 2013 to 3.6 per cent in 2014.
Read the full article here.
HALIFAX - The Atlantic Provinces Economic Council's annual economic outlook says the Atlantic region should benefit from stronger demand for exports in 2014.
The report says a forecast from the International Monetary Fund predicts world growth will increase from 2.9 per cent in 2013 to 3.6 per cent in 2014.
Read the full article here.
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Halifax housing starts update
HALIFAX, NOVA SCOTIA--(Marketwired - Nov. 8, 2013) - Housing starts in Halifax, Census Metropolitan Area (CMA) were trending at 2,734 units in October compared to 2,462 in September 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 higher in October," said Guillaume Neault, Senior Market Analyst with CMHC's Atlantic Business Centre. "Residential construction activity continues to be supported by activity in the multi-family segment, specifically the apartment-rental market," added Neault.
Read the full article here.
HALIFAX, NOVA SCOTIA--(Marketwired - Nov. 8, 2013) - Housing starts in Halifax, Census Metropolitan Area (CMA) were trending at 2,734 units in October compared to 2,462 in September 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 higher in October," said Guillaume Neault, Senior Market Analyst with CMHC's Atlantic Business Centre. "Residential construction activity continues to be supported by activity in the multi-family segment, specifically the apartment-rental market," added Neault.
Read the full article here.
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New Brunswick unemployment rate falls to 10.1%
The unemployment rate in New Brunswick dipped more than half a percentage point in October, but not because there are more people working in the province.
Statistics Canada reported Friday that the province's unemployment rate for October stood at 10.1 per cent, down 0.6 percentage points from September.
Read the full article here.
The unemployment rate in New Brunswick dipped more than half a percentage point in October, but not because there are more people working in the province.
Statistics Canada reported Friday that the province's unemployment rate for October stood at 10.1 per cent, down 0.6 percentage points from September.
Read the full article here.
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Rental market fuels gains in Halifax housing starts
Housing starts in Halifax trended upward in October, at 2,734 units, compared to 2,462 in September, according to Canada Mortgage and Housing Corp.
`Residential construction activity continues to be supported by activity in the multi-family segment, specifically the apartment rental market,` said Guillaume Neault, senior market analyst with the corporation`s Atlantic business centre, in a news release Friday.
Read the full article here.
Housing starts in Halifax trended upward in October, at 2,734 units, compared to 2,462 in September, according to Canada Mortgage and Housing Corp.
`Residential construction activity continues to be supported by activity in the multi-family segment, specifically the apartment rental market,` said Guillaume Neault, senior market analyst with the corporation`s Atlantic business centre, in a news release Friday.
Read the full article here.
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Landlords fight for renters in Halifax's apartment glut
New apartments are popping up in Bedford, but landlords say there aren't enough people to fill them, so they`re relying on creative tactics to compete for renters.
Killam Properties landlord Jeremy Jackson recently opened a new apartment building in Bedford. It has a full-sized gym and an in-house movie theatre, but he says it`s tough to attract renters.
Read the full article here.
New apartments are popping up in Bedford, but landlords say there aren't enough people to fill them, so they`re relying on creative tactics to compete for renters.
Killam Properties landlord Jeremy Jackson recently opened a new apartment building in Bedford. It has a full-sized gym and an in-house movie theatre, but he says it`s tough to attract renters.
Read the full article here.
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Toronto-based company opens lab in Moncton
MONCTON (GNB) ` GuestLogix, a Toronto-based company, is opening a new product innovation lab in Moncton and plans to hire 35 new full-time employees by December 2016.
`This is another tremendous step forward on the provincial job front,` said Premier David Alward. `GuestLogix is a welcome addition to the growing IT sector in New Brunswick. Their reputation is sure to attract the best and brightest to fill these full-time opportunities.`
Read the full article here.
MONCTON (GNB) ` GuestLogix, a Toronto-based company, is opening a new product innovation lab in Moncton and plans to hire 35 new full-time employees by December 2016.
`This is another tremendous step forward on the provincial job front,` said Premier David Alward. `GuestLogix is a welcome addition to the growing IT sector in New Brunswick. Their reputation is sure to attract the best and brightest to fill these full-time opportunities.`
Read the full article here.