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Isentropy posted:Does anyone have any info on Halifax? There is a lot of development off the peninsula going on in anticipation of a massive job surge because of the shipbuilding contract. I'm really worried about this because: The city always has dumb priorities. I would say that development in anticipation of the shipbuilding contract is a case of too much too soon. Any real benefits from the shipbuilding aren't expected until late 2014. Halifax probably won't see any major effects from the bubble. 1. Halifax has terrible city planning in that regard. The Peninsula is highly regulated, but there are zero regulations for the suburbs so we have gotten overbuilding and poo poo quality builds. The suburban sprawl is a major issue for the size of the city, especially with the small amount of urban growth. 2. The Convention Centre is another case of the city attempting to punch above it's weight. The old WTCC could probably afford to be replaced but the new one is overkill.
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Feb 15, 2013 18:01
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SpannerX posted:Oh no! What will I do with out my Mike Holmes, Property Brothers, and Love it or List it! Halifax won't have a major swing downward due to the fact that the largest employer by far is the 3 levels of government (Capital Health, Universities, DoD, etc). If there was ever a major loss in that regard we'd have worse problems than a housing bubble. It was interesting to attend some of the panels at the real estate forum in Toronto. Basically get the impression that some analysts expect the worst, some are expecting the bubble pop to be overblown (banks and such), and the major developer's attitude is "The market will bear what we tell it to. PAY NO ATTENTION TO THE HOUSING MARKET CRASH BEHIND THIS CURTAIN."
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Feb 18, 2013 20:56
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