Pandemic has not slowed down hot construction industry pace in Halifax

Numerous construction cranes are swinging over Halifax as the city’s hot construction pace continues despite the impact of the pandemic.

Duncan Williams, president of the Construction Association of Nova Scotia, says residential construction, sometimes with retail and even office components, is a major driver for the city’s current boom.

While COVID-19’s impact on the economy is apparent, the construction industry has not sustained a major blow.

Development of multi-residential rentals is “going great guns” and the city is seeing record or near-record starts in all new housing, points out Ian Munro, chief economist with the Halifax Partnership, a non-profit public/private partnership comprised of business advisers, economists and others working with the Halifax Regional Municipality on the city’s economic growth plan… [Read More]