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Economic Snapshot            June       June       June        June 09-10
                                                                                      Trend
           2nd Quarter 2010            2008       2009       2010        % Change

    LABOURFORCE

    Employment (‘000)                  207.9      216.5      218.9         1.2%

    Labour force size (‘000)           219.8      230.3      232.5          1%

    Participation rate                 69.4%      71.8%      71.6%         0.28%

    Unemployment rate                   5.4%      5.9%       5.8%           0.1

    CONSUMPTION

    Inflation rate                      3.8%      -0.8%       0.6           4.6

    Retail sales ($ millions)*         $1,515     $1,505     $1,597        6.1%
    HOUSING
    Average housing prices            $232,685   $239,822   $252,470       5.3%
    New housing price index            150.5      150.5      150.5          0%         =
    Housing starts*                     612        345        651           89%

    Housing sales*                      2277      1995       2009          0.70%

    CONSTRUCTION
    Building permits
                                        59.9       65.6       68.7         4.7%
    ($ millions)
    Non-residential construction
                                         81        93         100          7.5%
    ($ millions)
    OFFICE SPACE
    Q2 2010 VACANCY RATE             Class A      Class B      Class C
                                        %            %            %
    Downtown Halifax                   5.1          5.1         13.7
    Peripheral Halifax                12.9         10.6         10.1
    Dartmouth                         17.1         14.9         13.4
    Bedford/Sackville                 14.4         14.0          5.6

    AVERAGE RENT (per squarefoot,)   Class A      Class B      Class C
    Downtown Halifax                 $17.39        $13.60       $20.50
    Peripheral Halifax               $15.89        $12.15       $12.68
    Dartmouth                        $15.07        $11.41       $9.78
    Bedford/Sackville                $15.03        $13.48       $13.24
*
Halifax: Economic Snapshot, Q2 2010

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Halifax: Economic Snapshot, Q2 2010

  • 1. Economic Snapshot June June June June 09-10 Trend 2nd Quarter 2010 2008 2009 2010 % Change LABOURFORCE Employment (‘000) 207.9 216.5 218.9 1.2% Labour force size (‘000) 219.8 230.3 232.5 1% Participation rate 69.4% 71.8% 71.6% 0.28% Unemployment rate 5.4% 5.9% 5.8% 0.1 CONSUMPTION Inflation rate 3.8% -0.8% 0.6 4.6 Retail sales ($ millions)* $1,515 $1,505 $1,597 6.1% HOUSING Average housing prices $232,685 $239,822 $252,470 5.3% New housing price index 150.5 150.5 150.5 0% = Housing starts* 612 345 651 89% Housing sales* 2277 1995 2009 0.70% CONSTRUCTION Building permits 59.9 65.6 68.7 4.7% ($ millions) Non-residential construction 81 93 100 7.5% ($ millions) OFFICE SPACE Q2 2010 VACANCY RATE Class A Class B Class C % % % Downtown Halifax 5.1 5.1 13.7 Peripheral Halifax 12.9 10.6 10.1 Dartmouth 17.1 14.9 13.4 Bedford/Sackville 14.4 14.0 5.6 AVERAGE RENT (per squarefoot,) Class A Class B Class C Downtown Halifax $17.39 $13.60 $20.50 Peripheral Halifax $15.89 $12.15 $12.68 Dartmouth $15.07 $11.41 $9.78 Bedford/Sackville $15.03 $13.48 $13.24 *