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Greater Halifax Economic Trends<br />November, 2010<br />
The Basics<br />Halifax is Atlantic Canada’s largest city, home to 372,858 people<br />Nova Scotia has the most diversifie...
Halifax Quick Facts<br />At the end of 2009:<br /><ul><li>Population –  Over 370,000
Labour Force Size – 230,000
400,000 people within 30 miles
Unemployment rate – 6.5%
47% of Provincial GDP</li></li></ul><li>HALIFAX IS ATLANTIC CANADA’S PRIMARY CENTRE FOR:<br /><ul><li>Energy
Transportation
Media
Retail
Tourism
Information Technology
Finance & Insurance
Government
Business services
Education
Health-care
R&D </li></li></ul><li>SINCE 1996, HALIFAX HAS SEEN…<br /><ul><li>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
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Halifax: Economic Trends

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

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Halifax: Economic Trends

  1. 1. Greater Halifax Economic Trends<br />November, 2010<br />
  2. 2. The Basics<br />Halifax is Atlantic Canada’s largest city, home to 372,858 people<br />Nova Scotia has the most diversified and stable economy in the Atlantic region.<br />Halifax produces 47% of Nova Scotia’s Total GDP<br />20% of Atlantic Canada’s Total GDP<br />Halifax produces 47%of Nova Scotia’s Retail Sales and 48% of Provincial Employment<br />
  3. 3. Halifax Quick Facts<br />At the end of 2009:<br /><ul><li>Population – Over 370,000
  4. 4. Labour Force Size – 230,000
  5. 5. 400,000 people within 30 miles
  6. 6. Unemployment rate – 6.5%
  7. 7. 47% of Provincial GDP</li></li></ul><li>HALIFAX IS ATLANTIC CANADA’S PRIMARY CENTRE FOR:<br /><ul><li>Energy
  8. 8. Transportation
  9. 9. Media
  10. 10. Retail
  11. 11. Tourism
  12. 12. Information Technology
  13. 13. Finance & Insurance
  14. 14. Government
  15. 15. Business services
  16. 16. Education
  17. 17. Health-care
  18. 18. R&D </li></li></ul><li>SINCE 1996, HALIFAX HAS SEEN…<br /><ul><li>Creation of over 47,000 jobs
  19. 19. Decrease in unemployment from 8.8% to 6.4%
  20. 20. Over $4.2 billion growth in retail sales
  21. 21. 130% growth in the value of residential property
  22. 22. Over 34,000 new housing starts
  23. 23. 88% growth in the value of commercial property </li></li></ul><li>Economic Snapshot<br />
  24. 24. Economic Snapshot<br />
  25. 25. Unemployment Rate, 2009<br />Source: Statistics Canada<br />
  26. 26.
  27. 27. Employment Comparison<br />
  28. 28. HALIFAX’S AVERAGE EARNINGS TREND<br />
  29. 29. HALIFAX’S HOUSING STARTS TREND<br />
  30. 30. Retail Trade: Halifax & nova Scotia<br />
  31. 31. Education enrolment<br />
  32. 32. Education enrolment<br />
  33. 33. Education Attainment<br /><ul><li>67% of the population of Halifax have trade, college or university qualifications – the 4th highest in Canada.</li></ul>Source: 2006 Census of Canada, Nova Scotia Perspective, Release #7, <br />Nova Scotia Department of Finance, Statistics Division<br />
  34. 34. Educational Assets<br /><ul><li>Six degree granting universities
  35. 35. Customized training to meet the needs of business
  36. 36. Professional development
  37. 37. Three community college campuses
  38. 38. Customized training to meet the
  39. 39. needs of business
  40. 40. 20+ private career colleges</li></li></ul><li>Where We Rank…<br />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. <br />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<br />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<br />5th-Next Cities; The Top Canadian Hotspots for Young, Talented Workers. 2009-2010 version <br />9th– Halifax ranked 9th on a list of the 154 Best Places to Live in Canada– MoneySense Magazine, 2008<br />
  41. 41. HALIFAX COMMUTERS<br />Source: Statistics Canada, 2006 Census: analysis series; <br />Where Canadians work and how they get there<br />
  42. 42. Quality of Life<br />Vibrant arts and culture environment - symphony, theatre, art galleries, museums, historic sites, major junior hockey <br />Hub city, pub & club city<br />Variety of recreation - parks, beaches, hiking, boating, golf <br />Physical beauty<br />Over 10% of Halifax workers walk to work<br />Harbour Solutions, Recycling, Pesticide By-Law<br />
  43. 43. A Green Community<br /><ul><li>HRM Harbour Solutions
  44. 44. $333 million
  45. 45. First coastal city in Atlantic Canada to move to full treatment
  46. 46. Solid waste diversion at over 60%
  47. 47. Highest of any city in Canada
  48. 48. Pesticide by-law
  49. 49. Green Energy Plan</li>

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