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Halifax:  Economic Trends
 

Halifax: Economic Trends

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A highlight of Greater Halifax's economic trends as of November 2010.

A highlight of Greater Halifax's economic trends as of November 2010.

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  • Stephen to present . . .Still rank well on the unemployment rateEven though the 2008 anticipated result may give Halifax a red light, Halifax continues to have one of the lowest unemployment rates in the country and accounts for much of the employment growth in the province. Recent cyclical downturns have hurt our performance but by less than many other centres.

Halifax:  Economic Trends Halifax: Economic Trends Presentation Transcript

  • Greater Halifax Economic Trends
    November, 2010
  • The Basics
    Halifax is Atlantic Canada’s largest city, home to 372,858 people
    Nova Scotia has the most diversified and stable economy in the Atlantic region.
    Halifax produces 47% of Nova Scotia’s Total GDP
    20% of Atlantic Canada’s Total GDP
    Halifax produces 47%of Nova Scotia’s Retail Sales and 48% of Provincial Employment
  • Halifax Quick Facts
    At the end of 2009:
    • Population – Over 370,000
    • Labour Force Size – 230,000
    • 400,000 people within 30 miles
    • Unemployment rate – 6.5%
    • 47% of Provincial GDP
  • HALIFAX IS ATLANTIC CANADA’S PRIMARY CENTRE FOR:
    • Energy
    • Transportation
    • Media
    • Retail
    • Tourism
    • Information Technology
    • Finance & Insurance
    • Government
    • Business services
    • Education
    • Health-care
    • R&D
  • SINCE 1996, HALIFAX HAS SEEN…
    • Creation of over 47,000 jobs
    • Decrease in unemployment from 8.8% to 6.4%
    • Over $4.2 billion growth in retail sales
    • 130% growth in the value of residential property
    • Over 34,000 new housing starts
    • 88% growth in the value of commercial property
  • Economic Snapshot
  • Economic Snapshot
  • Unemployment Rate, 2009
    Source: Statistics Canada
  • Employment Comparison
  • HALIFAX’S AVERAGE EARNINGS TREND
  • HALIFAX’S HOUSING STARTS TREND
  • Retail Trade: Halifax & nova Scotia
  • Education enrolment
  • Education enrolment
  • Education Attainment
    • 67% of the population of Halifax have trade, college or university qualifications – the 4th highest in Canada.
    Source: 2006 Census of Canada, Nova Scotia Perspective, Release #7,
    Nova Scotia Department of Finance, Statistics Division
  • Educational Assets
    • Six degree granting universities
    • Customized training to meet the needs of business
    • Professional development
    • Three community college campuses
    • Customized training to meet the
    • needs of business
    • 20+ private career colleges
  • Where We Rank…
    1st - Greater Halifax Partnership was recognized as best in practice of Social Media and Web 2.0 from E&B DATA in conjunction with Intelegia.
    1st, 3rd – Halifax ranked as 2007/08 North American Small City of the Future (1st in Best Infrastructure, and 3rd in Best Economic Potential)– fDi Magazine
    4th – Top Ten Cities in Canada Poll placed Greater Halifax fourth behind Montreal, Toronto and Vancouver; with high marks in environment, economy and society. – Canadian Broadcasting Corporation News, 2006
    5th-Next Cities; The Top Canadian Hotspots for Young, Talented Workers. 2009-2010 version
    9th– Halifax ranked 9th on a list of the 154 Best Places to Live in Canada– MoneySense Magazine, 2008
  • HALIFAX COMMUTERS
    Source: Statistics Canada, 2006 Census: analysis series;
    Where Canadians work and how they get there
  • Quality of Life
    Vibrant arts and culture environment - symphony, theatre, art galleries, museums, historic sites, major junior hockey
    Hub city, pub & club city
    Variety of recreation - parks, beaches, hiking, boating, golf
    Physical beauty
    Over 10% of Halifax workers walk to work
    Harbour Solutions, Recycling, Pesticide By-Law
  • A Green Community
    • HRM Harbour Solutions
    • $333 million
    • First coastal city in Atlantic Canada to move to full treatment
    • Solid waste diversion at over 60%
    • Highest of any city in Canada
    • Pesticide by-law
    • Green Energy Plan