Halifax Development News
After absorbing nearly $3.5 billion in investment in 2019, the construction industry in Nova Scotia remains steady and relatively uninterrupted by the COVID-19 pandemic. According to Stats Canada, the value of building permits issued in March 2020 more than doubled year-over-year; $43 million in March 2019 to $101 million in March 2020. This month, the provincial government deemed construction workers ‘essential’ and excluded the industry from mandatory shutdown. There is a risk that interruption in the supply chain will delay construction projects, however due the strength of the local market prior to the pandemic, the industry remains healthy.
Here are a few exciting developments on the horizon for Halifax: