real estate investing: Investment Best Bet: Real Estate in Halifax, NS
- 12/12/18 10:36 AM
The economic outlook for Nova Scotia, in particular, Halifax is bright. Viewed by Chief Economist for Laurentian Bank, Sebastien Lavoie, as one of the most optomistic economies in Canada right now. Factors such as business confidence, lower unemployment, population increase and stronger real estate sales all point to an strengthened economy for Halifax. Which in turn, makes for a safer environment for investing in real estate. Currently, the rental vacancy rate is at an all time low of 1.5%¹ and the Nova Scotia population increase of 1% in 2018 is the best since mid-80s². The span between real estate sales and population inclined … (1 comments)
Despite the grim economic outlook for some industries, one sector is gaining viability -- real estate. According to the 2016 Emerging Trends in Real Estate, which was released by the Urban Land Institute earlier this year, trends such as “18-hour cities” and millennial parents increasing moving from urban areas out into the suburbs signal that real estate as an industry is gaining strength every passing day in 2016. One lending officer at a large financial institution even went to far as to say that “the next 24 months look doggone good for real estate.”
These trends means that real estate is … (2 comments)
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The economic outlook for Nova Scotia, in particular, Halifax is bright. Viewed by Chief Economist for Laurentian Bank, Sebastien Lavoie, as one of the most optomistic economies in Canada right now.
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