HOUSING Tiny condos hit top Canadian markets

Micro suites coming to areas like Vancouver ALEXANDRA POSADZKI THE CANADIAN PRESS The Chronicle Herald, February 10, 2015 TORONTO — The appeal of so-called shoebox condos — no larger than the size of two average living rooms — will face its first real test in Canada this year, with an influx of the compact homes set to hit the country’s largest real estate market. Investors are betting on big returns from young renters who can’t afford to buy in the red-hot real estate market and don’t mind living in a unit, about 500 square feet, where their dining table might…

Maritimes face gas imports

Deep Panuke’s seasonal operation may affect region by summer, Emera CEO says BUSINESS EDITOR JOANN ALBERSTAT jalberstat@herald.ca @CH_JAlberstat Chronicle Herald, February 10, 2015 Natural gas users in the Maritimes may have to start relying on im­ports sooner than expected due to the way the Deep Panuke gas field operates, says the president and CEO of Emera Inc. Chris Huskilson told analysts Monday that Encana Corp.’s recent announcement that the gas project is considered a seasonal operation will have an impact on the regional gas market. “What we thought originally might be an eight- to 10-year window before we saw new…

Halifax housing starts set to rise

 CMHC forecasts increase of nearly 14%, mainly due to projects delayed from 2014 – The Chronicle Herald, Feb 7, 2015 JOANN ALBERSTAT BUSINESS EDITOR jalberstat@herald.ca @CH_JAlberstat Housing starts in Halifax are expected to climb almost 14 per cent overall this year, thanks mainly to apartment-type projects that were delayed in 2014, the Canada Mortgage and Housing Corp. says. The agency predicts that mul­tiple- unit construction will ad­vance about 20 per cent in 2015, according to a forecast released Friday. Single-detached projects will decline by two per cent. Alex MacDonald, a regional economist with CMHC in Halifax, said Friday the housing…

Concerns arise about future of Halifax as major cargo port

 The Chronicle Herald, February 7, 2015  ROGER TAYLOR BUSINESS COLUMINST r taylor@herald.ca @CH_RogerTaylor   Diversification is the new buzzword at the Halifax Port Authority, which is promoting a study it commissioned to show how important it is to the Nova Scotia economy. While the strength of the port has been traditionally measured by the amount of container traffic handled at Halifax’s two container terminals, the federally controlled port authority wants to broaden how its performance is measured. The Port of Halifax Economic Impact Report, released recently, credits the port authority with the success of its tenants such as the Halifax Seaport…