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September 2011 Maritime Economic Fundamentals

Ally

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News articles for September 2011.
 

Ally

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Nova Scotia 'best place to be' for startups






Stock markets are in turmoil; the North American venture capital market has dried up; the global economy could be on the brink of collapse.




Yet, talking to the people behind some of Atlantic Canada`s small startup companies, you wouldn`t know that they stand on the edge of the abyss.




If anything, the prevailing mood at Invest Atlantic, a Halifax forum that focused on how companies looking to grow can raise equity capital, was cautious optimism, not deep-seated gloom.





Read the full article here.
 

Ally

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Two sides to property demand in Halifax




It`s the tale of two real estate markets.




On one side, it`s the best of times as new multi-unit residential buildings shoot up across the Halifax skyline spurred by increased rental demand.




On the other side, it`s the worst of times with single-family housing sales and new housing starts pulled down by low employment growth, stagnant wages and high inflation.




"We`re seeing two very different things play out in the market this year," Matthew Gilmore, senior regional market analyst with Canada Mortgage and Housing Corp., said Tuesday.





Read the full article here.
 
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