November 2014 Maritimes Economic Fundamentals
- Thread starter Ally
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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.
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.