The rental vacancy rate of apartments in Nova Scotia in Canada was 1.2 percent in 2021. This was a decrease from the previous year when apartment vacancy reached 2.1 percent.
Rental vacancy rates in Nova Scotia from 2000 to 2021.
| Characteristic | Vacancy rate |
|---|---|
| – | – |
What is the vacancy rate in Halifax?
Office Rent and Vacancy Rates by Region
At year-end 2021, Halifax’s downtown vacancy rate was 20.3%, 0.4 percentage points higher than a year earlier and 4.6 percentage points higher than the national average.
What is the rental market like in Nova Scotia?
Rental units are in high demand as HRM and Nova Scotia as a whole faces an increasing population, with a lack of available rental properties on the market. Renters in Nova Scotia are often faced with less-than-ideal options as there simply is not enough housing available.
How many people rent in Nova Scotia?
Statistics Canada has released information on housing from the 2021 Census. In Nova Scotia, 32.7% of households were renters, just below the national average of 33.3%.
How is the rental market in Halifax?
Rent Prices. As of December 3, 2022, the average rent for a 1-bedroom apartment in Halifax, NS is $1,895. This is a 31% increase compared to the previous year.
What jobs are most in demand in Nova Scotia?
Demand jobs in Nova Scotia
- Military Interpreter – Private.
- Regional Health, Safety and Environmental Manager.
- Food Service Worker (full-time)
- Social Worker (Multiple Locations)
- Accounting Services Officer (Clerk 4)
- Executive Assistant – Truro.
- Customer Support Specialist.
How is the job market in Nova Scotia?
2021 Labour Market Forecast
The labour force is forecasted to increase by 4,400 (+0.9%), and employment is forecasted to grow by 8,800 jobs (+1.9%). The unemployment rate is forecasted to drop by 0.9 percentage points to 7.5%.
Is there a housing shortage in Nova Scotia?
As the housing shortage continues to be front and centre, a Halifax community led advocacy group says there are nearly 4,000 houses in Nova Scotia that aren’t available as permanent housing because they’re listed as quick-term vacation rentals, according to research conducted.
Is the housing market still hot in Nova Scotia?
Nova Scotia’s housing market blew up during the pandemic. In 2020 and 2021, house prices and sales spiked. Things are cooling down now but the market is still holding strong. “The 2022 market I would say normalized quite a bit from 2020-2021 markets.
Is Nova Scotia housing market slowing down?
Canadian average home prices are expected to drop by up to 25 per cent by early next year, but the decline will likely be less pronounced in Nova Scotia due to its rapid population growth and tight market.
What is the fastest growing city in Nova Scotia?
Halifax
Halifax’s population has grown nine per cent since 2016, according to recent data from Statistics Canada’s 2021 census report. Halifax now has the fastest-growing downtown core in the country, growing 21.6 per cent in that time.
Is there a rental cap in Nova Scotia?
The province does have a two per cent cap on rent increases but it doesn’t apply to everyone. “The existing rent cap only applies to tenants that are in the unit so a new build for example, a newly vacated unit, the rent cap would not apply,” says the minister responsible for the Residential Tenancy Act.
What is the fastest growing area in Nova Scotia?
Following four years of accelerating population growth, Nova Scotia’s population growth decelerated to 1.0% in 2021. Much of the growth in 2021 has been attributable to ongoing increases in the population of Halifax, Lunenburg, Kings,Colchester and Annapolis.
What is the best area to live in Halifax?
Finding a Place to Rent in Halifax
Some of the most popular neighbourhoods include Downtown, Fairview, Downtown Dartmouth, South End, and North End. The cost of rentals can vary based on the type of unit, location, and size. You can find rentals starting as low as $1,200 per month.
Why are there no rental cars available Halifax?
Car agencies in Nova Scotia cut their fleets due to the COVID-19 pandemic, and now a surge in demand is outpacing supply as travellers scramble to book rental cars for summer vacations.
Is Halifax a good real estate investment?
The region’s future real estate outlook
Halifax stands out as having the highest benchmark price in Nova Scotia, with the next most expensive area being Annapolis Valley, at $378,122. Yet the benchmark home price in the Halifax region was $459,200 as of February 2022, 47% lower than the national average.
What is a good hourly wage in Nova Scotia?
The average halifax ns salary in Canada is $30,761 per year or $15.78 per hour. Entry-level positions start at $28,275 per year, while most experienced workers make up to $47,537 per year.
Where is the most work in Nova Scotia?
The more education you have, the more likely you are to have a job. Half of the jobs in Nova Scotia are based in the Halifax region.
Which NOC is in demand in Nova Scotia 2022?
Nova Scotia Occupation in-Demand List 2022
| Sr. No. | Occupation List | NOC |
|---|---|---|
| 1 | Financial auditors and accountants | 1111 |
| 2 | Other financial officers | 1114 |
| 3 | Professional occupations in advertising, marketing and public relations | 1123 |
| 4 | Administrative assistants | 1241 |
Does Nova Scotia need job offer?
You can, however, apply for the Nova Scotia Provincial Nominee Program (PNP) even if you do not have a job offer.
What is the biggest industry in Nova Scotia?
Shipping remains a major enterprise in Nova Scotia. Point Tupper accommodates the world’s largest oil carriers, and Halifax, a railroad terminus and year-round ice-free port, has facilities for all types of vessels, including huge container ships.