Economic Data & Reports

The Halifax Partnership measures growth in Halifax by tracking key economic indicators that detail trends affecting Halifax's business climate.

Halifax Quarterly Economic Highlights - Winter 2019

  • Halifax’s GDP growth rate is forecasted to slow to 1.4% in 2019 and average 1.6% between 2019 and 2022
  • Consumer purchasing power increased slightly since last quarter, while average weekly earnings remained steady.
  • International enrolment in Halifax universities continues to climb and totalled 7,156 students in the 2017-2018 school year.
  • The unemployment rate dropped to 6.0% from 7.1% in Q4 2017.
  • The number of job vacancies fell from 6,760 in Q2 2018 to 6,360 in Q3 2018. The job vacancy rate fell over the same period from 3.3% to 3.0%. The average offered hourly wage in Q3 2018 was $18.80/hour, up from $17.95/hour in Q2 2018.
  • Q4 2018 Port of Halifax cargo traffic fell by 7.2% from Q4 2017.
  • Housing starts totalled 2,871 in 2018 but are forecasted to come in below 2,400 annually over the next few years in Halifax.
  • Vacancy rates for Class-A office space rose in Q4 2018, while average rents declined for the fourth quarter in a row.
  • The industrial real estate market continued to tighten in Q4 2018 as we saw another decrease in availability of industrial space and an increase in average asking net rent.

View the full Winter 2019 Halifax Economic Snapshot »
For more detailed economic information, click on the links below and download the Halifax Index

 

Economic Growth Plan

The Halifax Economic Growth Plan 2016-21 sets out a bold vision for the future. A vision that sees Halifax taking its place as the economic engine for the region.

Learn more about the Growth Plan

Research & Reports

The Halifax Partnership provides existing businesses and potential investors with research and analysis. See our latest reports here.

More on Research & Reports

Halifax Index

Our signature report tracks our progress towards many different indicators and our special analyses tackle two of our most pressing issues – the need for immigration and Halifax's commercial tax system.

Read the 2018 Halifax Index

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