Halifax Quick Facts 2009

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Economic facts about Halifax, Nova Scotia including:

- population
- labourforce and employment
- employment by industry
- major employers
- house prices
- income
- major developments
- rankings

....and much more

Published in: Business, Education
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Halifax Quick Facts 2009

  1. 1. Halifax Quick Facts 2008.09HALIFAX THREE-YEARPOPULATION ESTIMATES 2005 380,600 2006 383,300 ESTIMATED POPULATION GROWTH COMPARISON: 2005 – 2007 2007 385,500Source: Statistics Canada 1.9%MIGRATION ESTIMATES COMPARISON: 1.7% 1.6%2004/2005 In Out Net 1.3% Halifax 14,932 14,585 347 1.2% 1.2% London 18,543 15,606 2,937 Regina 7,670 8,006 -336 St. John’s 6,329 5,810 519 Victoria 15,342 12,442 2,900Source: Statistics Canada Quebec Regina Victoria Halifax London St. JohnsPOPULATION BY MOTHER TONGUE Source: Statistics Canada English 91.9% French 3.1% MIGRATION ESTIMATES COMPARISON: Arabic 1.1% 2006/2007 Chinese 0.4% In Out Net Other 3.5% Halifax 15,754 13,254 2,500Source: Statistics Canada London 17,450 14,430 3,020 Regina 8,730 6,809 1,921POPULATION BY POLLING DISTRICT: TOP 5, 2006 Quebec 20,123 15,953 4,170 Preston – Lawrencetown – Chezzetcook 19,657 St. Johnss 6,608 5,403 1,205 Hammonds Plains – St. Margarets 19,627 Victoria 15,295 12,144 3,151 Timberlea – Prospect 19,377 Source: Statistics Canada Cole Harbour 19,096 Waverley – Fall River – Beaver Bank 18,547Source: HRM Community Development, Planning Services 1969 Upper Water Street, Suite 2101 • Purdy’s Wharf, Tower II • Halifax, NS B3J 3R7 P 902.490.6000 • 1.800.565.1191 • F 902.490.6010 • www.greaterhalifax.com
  2. 2. POPULATION BY AGE, 2006Age 85 and over 1.5% Age 75 to 84 4.0% Age 65 to 74 6.5% Age 55 to 64 11.6% Age 45 to 54 16.0% Age 25 to 44 30.1% Age 20 to 24 7.5% Age 15 to 19 6.5% Age 10 to 14 6.0% Age 5 to 9 5.3% Age 0 to 4 4.9%Source: Statistics CanadaEDUCATIONAL ATTAINMENT, 2006Halifax has six degree-granting institutions and 67% of the populationthree community college campuses enrolling of Halifax have trade,over 30,000 students. college or university qualifications – one of UNIVERSITY LESS THAN top five cities in Canada. 35% HIGH SCHOOL 12% Statistics Canada High School College 21% 21% Trades 11%Source: Statistics CanadaLABOUR FORCE AND EMPLOYMENT, Annual 2008 Halifax Victoria Regina London St. John’s Quebec Labour Force Size 221,000 197,500 118,800 262,800 106,800 410,300 Unemployment Rate 5.2% 3.3% 3.9% 7.0% 7.8% 4.5% Participation Rate 69.7% 69.0% 70.9% 68.2% 69.1% 67.2%Source: Statistics Canada
  3. 3. EMPLOYMENT BY INDUSTRY, 2006 Other services Accommodation and 4% Public food services administration Information, 7% 9% Other Goods culture and Producing recreation 1% 5% Construction 6% Health care and social assistance 12% Manufacturing 5% Educational services 8% Trade 17% Business, building and other support services Transportation 7% Professional, and scientific and Finance, insurance, warehousing technical services real estate and 5% 7% leasing 7%Source: Nova Scotia Statistical Review, 2007MAJOR PRIVATE AND PUBLIC EMPLOYERS COMPANY INDUSTRY EMPLOYMENT Aliant Telecommunications 2,000 - 3,000 Atlantic Wholesalers Inc. Retail trade 2,000 - 3,000 Convergys Customer service 2,000 - 3,000 Casino Nova Scotia Gambling and accommodations 1,000 - 1,500 Municipal Group of Companies Civil contractors 900 - 1,000 IMP Group Ltd. Aerospace and aviation 900 - 1,000 Nova Scotia Power Electric power systems 700 - 800 Bank of Nova Scotia Financial services 500 - 1,000 Staples Retail/wholesale trade 500- 1,000 Halifax Shipyard Shipbuilding and repair 500 - 1,000 BMO Financial Group Financial services 500 - 1,000 RBC Royal Bank Financial services 500 - 1,000 Keane Information technology 500 - 1,000 Halterm Limited Marine cargo handling 500 - 1,000 Minacs Worldwide Customer service 500 - 1,000 Manulife Financial Financial services 500 - 1,000 EMC - Emergency Medical Centre Inc. Healthcare 500 - 1,000 PUBLIC SECTOR Municipal 3,000+ Provincial 3,000+ Federal 9,000+ Department of National Defence – Maritime Forces Atlantic 9,000+Source: Greater Halifax Partnership, SmartBusiness Consultations
  4. 4. COMPANIES THAT HAVE SETUP IN HALIFAX IN THE LAST 3 YEARS Clarke Inc. Consolidated Fastfrate Butterfield Fund Services Research In Motion Olympia Capital Citco Fund Services Flagstone Re Admiral Insurance Marsh Meridian Fund Services Saab Microwave Canada Ltd. Lixar IT Inc. In 2007, Halifaxs GDP growth ranked eighth inINCOME Canada; it is expected to grow at 2.6% in 2008. Average Income* Source: Conference Board of Canada Halifax $35,031 London $36,720 Quebec $33,866 Retail sales continue to be strong in Regina $36,272 Halifax reaching $5.7 billion at the St. John’s $32,756 Victoria $37,065 end of 2007. It is projected to reach*For persons with income. $5.9 billion by the end of 2008.Source: Statistics Canada Source: Statistics Canada, Conference Board of Canada MEDIAN PRICES, ABSORBED SINGLE-DETACHED UNITS FOURTH QUARTER 2008 FOURTH QUARTER 2007 78% of households wired Halifax $294,000 $269,900 to the internet – this is London $309,981 $270,000 the highest percentage Quebec $230,000 $230,000 of Internet users among Regina $369,500 $299,845 regions in Canada. St. John’s $231,313 $189,911 Source: Statistics Canada Victoria $599,900 $598,000 Source: Canada Mortgage and Housing Company, Housing NowONGOING CONSTRUCTION PROJECTS IN GREATER HALIFAX: Mainland Common Recreational Centre valued at $40.5 million Bedford West Development, a 20 year project, $1 billion The Ravines of Bedford South, a 15 year project worth $600 million Russell Lake West Development valued at $400 million Bedford Commons Development valued at nearly $300 million Dartmouth Crossing retail/commercial development, $260 million Harbour Isle Project valued at $250 million Shearwater base expansion valued at nearly $100 million Port of Halifax spending estimated at $139 million Halifax Transit Plan with an estimated value of $155 million Life Sciences Research Institute, valued at $60 million Halifax Waterfront site development, valued at $90 million University capital spending estimated at $75 million Estimated Total: $3.47 billionSource: APEC Major Projects 2009
  5. 5. FLYING TIME TO/FROM HALIFAX DIRECT, NON-STOP DESTINATIONS New York 1 hr 51 mins Atlanta Keflavik Boston 1 hr 35 mins Belfast London, UK Bermuda Montreal Washington, DC 3 hrs 17 mins Boston New York/Newark Chicago 3 hrs 10 mins Calgary Ottawa Detroit 3 hrs 10 mins Chicago Paris Atlanta 3 hrs 30 mins Detroit Toronto Toronto 2 hrs 20 mins Frankfurt Washington, DC Montreal 1 hr 35 mins Source: Halifax International Airport Authority Ottawa 1 hr 50 mins London Heathrow 5 hrs 50 mins Halifax Stanfield International Airport received Belfast 5 hrs 10 mins 3.6 million passengers in 2008. Halifax Stanfield Paris 5 hrs 40 mins International Airport was awarded the worlds Frankfurt 6 hrs 45 mins best airport for overall passenger satisfaction in Glasgow 5 hrs 20 mins its class (under five million passengers) for the Keflavik 4 hrs 15 mins sixth straight year. Bermuda 2 hrs 15 minsMODE OF TRANSPORTATION TO WORK HALIFAX Halifax has the highest percentage MODE OF TRANSPORTATION (9) TOTAL - # TOTAL - % of people using public transit Total – Mode of transportation 186,420 100.0% among benchmark cities at 11.9%. Car, truck, van as driver 121,400 65.1% Our region also had the highest Car, truck, van as passenger 19,830 10.6% percentage increase in public Public transit 22,115 11.9% transportation usage among Walked 18,845 10.1% benchmark cities from 2001. Bicycle 1,825 1.0% Source: Statistics Canada Motorcycle 240 0.1% Taxicab 520 0.3% Other method 1,640 0.9%Source: Statistics Canada
  6. 6. TAXATION CORPORATE INCOME TAX General Rate 16.00% According to the 2006 ‘Households Manufacturing & Processing 16.00% and Environment Survey’ from Statistics Small Business Rate 5.00% Canada, 68% of residents in Greater CORPORATE CAPITAL TAX Halifax compost, this figure is the highest General Rate 0.225% in Canada, with the national average Financial Services 4.00% being 25%. Source: Statistics Canada Payroll Tax NilSource: Nova Scotia Department of FinanceHALIFAX COMMUTERS > 25 km 15 - 24.9 km 15 - 14.9 km < 5 km 11,695 23,640 63,565 68,085 Median Commute = 6.5 kmSource: Statistics CanadaHALIFAX RANKINGS• 9th – Best Cities for Business Survey ranked Halifax ninth among Canada’s largest cities. – Canadian Business, 2006• 4th – Top Ten Cities in Canada Poll placed Halifax fourth behind Montreal, Toronto and Vancouver; with high marks in environment, economy and society. – Canadian Broadcasting Corporation News, 2006• 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• 9th – Halifax ranked 9th on a list of the 154 Best Places to Live in Canada – MoneySense Magazine, 2008

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