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.
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