Retail vacancy rate rises to 8.4 per cent

THE CHRONICLE HERALD, March 3, 2015 newsroom@herald.ca @chronicleherald The Halifax region maintained an average retail vacancy rate of 8.4 per cent in the second half of last year. It’s an increase over the 8.1 per cent retail vacancy rate recorded in the first half of the year, ac­cording to a 2014 market sum­mary from Cushman & Wake­field Atlantic. Mixed-use projects contributed to the increase. “There are an unprecedented number of mixed-use develop­ments currently proposed and under construction throughout HRM,” Stefanie MacDonald, manager of business development with Cushman & Wakefield At­lantic, said Monday. MacDonald said this continues a consumer demand trend…

NATURAL GAS – Province may face big price spike

Reserves dip; imports on tap THE CHRONICLE HERALD, March 3, 2015 newsroom@herald.ca @chronicleherald The price of natural gas will keep going up in Nova Scotia, and the province doesn’t have any gas on tap to replace the rapidly dimin­ishing reserves of Deep Panuke and the Sable Offshore Energy Project. It sounds like bad news all around. Encana Corp.’s announcement last week that it had slashed by half the prediction for recoverable reserves from its Deep Panuke project will mean higher energy prices in the province, warns Todd McDonald. The president of Energy At­lantica, a Halifax energy com­pany, said it will…

N.S. gas fields may be near end

 BUSINESS COLUMNIST ROGER TAYLOR r taylor@herald.ca @CH_RogerTaylor   The Chronicle Herald, February 27, 2015 Nova Scotia is going to need to start seriously looking for new sources of natural gas, sooner rather than later. That seems to be a logical con­clusion considering Nova Scotia’s two producing natural gas projects appear to be on the wane. The Sable project operated by ExxonMobil Corp. has been slowly winding down and Encana Corp.’ s Deep Panuke field has provided disappointing produc­tion results lately. In fact, if not for the high prices New Englanders are willing to pay during the cold-weather months, one might speculate…

YOUR MONEY -Halifax water bills on upswing

Turning on taps could rise by 3.9% in spring, 7.9% next year BRETT BUNDALE HALIFAX CITY HALL – bbundale@herald.ca @bbundale The Chronicle Herald, February 24, 2015 Halifax consumers and businesses feeling hosed by increasing water bills will have to pay even more to turn on the tap or flush the toilet this spring. Halifax Water and the con­sumer advocate have inked a settlement that would see the utility’s rates increase 3.9 per cent this spring, followed by a 7.9 per cent hike the following year. While the agreement still has to be approved by the regulator, it’s an improvement on…