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ECONOMIC SNAPSHOT                                                09-10
                                 March 08   March 09    March 10               Trend
          Q1 2010                                                   % Change
LABOURFORCE
Employment (‘000)                 211.3      215.9       217.7       1.0%       
Labour force size (‘000)          219.5      229.6       232.4       1.2%       
Participation rate                70.4%      71.8%       71.8%        0.0       _
Unemployment rate                 4.8%         6%         6.4%        0.4       
Average Weekly Earnings           $688        $758        $772       1.8%       
HOUSING
Average housing sale price
                                 $218,909   $229,190    $248,065     8.2%       
* yr to date
New housing price index           148.2      150.5       151.5         1        
Housing starts*                    423        274         466         70%        
Housing sales*                    1324        975        1248        27.6%       
TRANSPORTATION
Aircraft passengers*             814,786    721,226     736,791      1.3%       
(enplaned/deplaned)
Total Cargo Volume*                N/A      2,358,423   2,389,527    1.3%       
(metric tonnes)
Containerized Imports*             N/A      234,323     267,134       14%       
(metric tonnes)
Containerized Exports*             N/A      315,542     536,312       70%       
(metric tonnes)
CONSUMPTION
Inflation rate                    2.2%        0.2%        2.5%        2.3       
Retail sales ($ millions)*        1,525      1,466.5     1,590        8.4       
CONSTRUCTION
Building permits                   52.5       27.8        56.0      101.4%      
($ millions)
Investment in non-residential      72          98         100         2%        
construction ($ millions)
OFFICE SPACE
Q1 2010 VACANCY RATE             Class A     Class B    Class C
                                    %           %          %
Downtown Halifax                   4%         4.5%      14.3%
Peripheral Halifax               17.5%        7.8%       6.9%
Dartmouth                        18.5%       18.3%      12.9%
Bedford/Sackville                15.1%        9.0%       5.6%

AVERAGE RENT (per squarefoot,)   Class A     Class B    Class C
Downtown Halifax                  $17.46     $13.29      $17.00
Peripheral Halifax                $15.45     $11.80      $13.41
Dartmouth                         $14.50     $10.96      $9.43
Bedford/Sackville                 $14.86     $13.36      $13.15

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Halifax: Economic Snapshot, Q1 2010

  • 1. ECONOMIC SNAPSHOT 09-10 March 08 March 09 March 10 Trend Q1 2010 % Change LABOURFORCE Employment (‘000) 211.3 215.9 217.7 1.0%  Labour force size (‘000) 219.5 229.6 232.4 1.2%  Participation rate 70.4% 71.8% 71.8% 0.0 _ Unemployment rate 4.8% 6% 6.4% 0.4  Average Weekly Earnings $688 $758 $772 1.8%  HOUSING Average housing sale price $218,909 $229,190 $248,065 8.2%  * yr to date New housing price index 148.2 150.5 151.5 1  Housing starts* 423 274 466 70%  Housing sales* 1324 975 1248 27.6%  TRANSPORTATION Aircraft passengers* 814,786 721,226 736,791 1.3%  (enplaned/deplaned) Total Cargo Volume* N/A 2,358,423 2,389,527 1.3%  (metric tonnes) Containerized Imports* N/A 234,323 267,134 14%  (metric tonnes) Containerized Exports* N/A 315,542 536,312 70%  (metric tonnes) CONSUMPTION Inflation rate 2.2% 0.2% 2.5% 2.3  Retail sales ($ millions)* 1,525 1,466.5 1,590 8.4  CONSTRUCTION Building permits 52.5 27.8 56.0 101.4%  ($ millions) Investment in non-residential 72 98 100 2%  construction ($ millions) OFFICE SPACE Q1 2010 VACANCY RATE Class A Class B Class C % % % Downtown Halifax 4% 4.5% 14.3% Peripheral Halifax 17.5% 7.8% 6.9% Dartmouth 18.5% 18.3% 12.9% Bedford/Sackville 15.1% 9.0% 5.6% AVERAGE RENT (per squarefoot,) Class A Class B Class C Downtown Halifax $17.46 $13.29 $17.00 Peripheral Halifax $15.45 $11.80 $13.41 Dartmouth $14.50 $10.96 $9.43 Bedford/Sackville $14.86 $13.36 $13.15