July 2011 Maritime Economic Fundamentals
- Thread starter Ally
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- Joined
- Mar 24, 2009
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Newfoundland economy pulls ahead of other Atlantic provinces
There was a time when the economies of the four Atlantic provinces were virtually indistinguishable, rising and falling on the fortunes of fish, farming and forests.
But Newfoundland and Labrador`s remarkable oil and mining boom is creating a new chasm ` between the haves and have-nots of Atlantic Canada. Its economy is powering ahead, while those of Nova Scotia, New Brunswick and Prince Edward Island languish, weighing on the nationwide recovery.
Read the full article here.
There was a time when the economies of the four Atlantic provinces were virtually indistinguishable, rising and falling on the fortunes of fish, farming and forests.
But Newfoundland and Labrador`s remarkable oil and mining boom is creating a new chasm ` between the haves and have-nots of Atlantic Canada. Its economy is powering ahead, while those of Nova Scotia, New Brunswick and Prince Edward Island languish, weighing on the nationwide recovery.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Demand up for apartment construction
SLOW ECONOMIC growth and flat wages are driving multiple housing starts in Halifax, says Matthew Gilmore, senior regional market analyst with Canada Mortgage and Housing Corp.
"Wages aren`t keeping up with inflation," he said in an interview Monday. "It doesn`t lend itself to home ownership."
According to preliminary data released Monday by CMHC, multiple housing starts in Halifax last month were more than double what they were in June 2010.
"It`s almost exclusively in rental apartments," said Gilmore. "We`re seeing well above average apartment construction."
Read the full article here.
SLOW ECONOMIC growth and flat wages are driving multiple housing starts in Halifax, says Matthew Gilmore, senior regional market analyst with Canada Mortgage and Housing Corp.
"Wages aren`t keeping up with inflation," he said in an interview Monday. "It doesn`t lend itself to home ownership."
According to preliminary data released Monday by CMHC, multiple housing starts in Halifax last month were more than double what they were in June 2010.
"It`s almost exclusively in rental apartments," said Gilmore. "We`re seeing well above average apartment construction."
Read the full article here.