Construction/Building — November 5, 2012

Housing Demand in Halifax to Stabilize

HALIFAX, NOVA SCOTIA--(Marketwire - Nov. 5, 2012) - According to Canada Mortgage and Housing Corporation's (CMHC's) Fall Housing Market Outlook - Halifax report, moderate economic growth and positive net migration will result in continued demand for housing in Halifax over the forecast period.

"Positive net migration, employment growth and moderate increases in economic activity will result in continued demand for all types of housing in the HRM over the forecast period," said Matthew Gilmore, senior market analyst with CMHC's Atlantic Business Centre.

"In the new home construction market, single-detached starts are expected to increase 11 per cent in 2012 to 1,000 units before climbing to 1,050 units in 2013. On the multiples side, coming off of a strong 2011, expect apartment starts to decline to 1,200 units this year before increasing to 1,300 in 2013," said Gilmore.

"In the existing homes market, MLS® sales are forecast to increase eight per cent in 2012 to 6,400 units. In 2013, expect further growth of nearly five per cent to 6,700 units," added Gilmore.

As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.

For more information, visit www.cmhc.ca or call 1-800-668-2642. CMHC Market Analysis standard reports are also available free for download at CMHC Housing Market Information.

MLS® is a registered trademark of the Canadian Real Estate Association.

Additional data is available upon request

Ce document existe également en français

Contact Information

Market Analysis Contact:
Matthew Gilmore
902-426-4686
Cell: 902-499-4382
mgilmore@cmhc.ca

Media Contact:
Caroline Arsenault
902-426-8127
Cell: 902-452-4448
cmarsena@cmhc.ca

Print

Latest Industry Press Releases

Updated 17:49 EDT, April 24, 2014  

Construction/Building

DIRTT to Release 2014 Q1 Results on May 12, 2014 (2014-04-24)

Toromont Announces Results for the First Quarter of 2014 and Regular Quarterly Dividend (2014-04-24)

Stantec executives to hold first quarter 2014 conference call (2014-04-24)

President of Contractors Association Eyes Retirement on the Horizon (2014-04-23)

Retrocom REIT Announces Date of First Quarter 2014 Financial Results Conference Call (2014-04-23)

Tree Island Announces First Quarter 2014 Financial Results and Conference Call Notification (2014-04-22)

Toromont to Hold Annual and Special Meeting of Shareholders on April 25, 2014 (2014-04-22)

The North Front Limited Partnership Seeks Limited Partner Approval to Sell the Richmond Retirement Residence and Dissolve (2014-04-22)

Dresner Partners Announces Partnership With Richmond Virginia-Based Investment Bank (2014-04-22)

Empire Industries Reports 2013 Profit of $4.4 Million (2014-04-22)

Scotiabank Launches Enhanced Tool for Earth Day, Helps Canadians Save Money by Saving Energy (2014-04-22)

Pour célébrer le Jour de la Terre, la Banque Scotia lance un outil amélioré qui aident les Canadiens à économiser énergie et argent (2014-04-22)

RenoWorks Announces 2013 Fourth Quarter and Year End Financial Results (2014-04-22)

NorRock Realty Finance Corporation Announces Private Placement and Update to Proposed Reactivation Transaction (2014-04-21)

Greater Toronto Realtors(R) Report Mid-Month Resale Housing Statistics (2014-04-17)

CanWel Building Materials Announces First Quarter 2014 Financial Results Notification (2014-04-17)

Black Diamond Group Limited Announces April Dividend (2014-04-17)

MOST POPULAR STORIES
TODAY’S TOP CONSTRUCTION PROJECTS

These projects have been selected from 479 projects with a total value of $1,224,678,004 that Reed Construction Data Building Reports reported on Wednesday.

MULTI-RESIDENTIAL APARTMENT BUILDING

$31,000,000 Richmond Hill ON Negotiated

AQUATIC CENTRE ADDN, OUTDOOR RINK

$30,000,000 Brampton ON Tenders

OFFICE BUILDING

$30,000,000 Mississauga ON Negotiated

Daily Top 10