November 2014 Maritimes Economic Fundamentals

Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#2
Halifax housing market going soft, lack of employment growth partly to blame





The latest report from the Canada Mortgage and Housing Corporation (CMHC) released Thursday suggests demand for single family homes fell in 2014 and will be well below normal in 2015, though apartment construction, sales and rentals are on the upswing.





`We see the direct link between people exiting home ownership ` empty nesters, single person households ` and moving into an apartment,` said CMHC Atlantic Business Centre senior market analyst Guillaume Neault. `This explains partially why apartment units have been so popular.`





Read the full article here.