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November 2014 Maritimes Economic Fundamentals

Ally

Research Assistant
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Mar 24, 2009
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News articles for November 2014.
 

Ally

Research Assistant
Registered
Joined
Mar 24, 2009
Messages
16,743
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.`





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