Quote:
Originally Posted by someone123
I wonder what the consequences of this are for Halifax demography. I think NS as a whole is growing more, but a large share of that likely went to Halifax, and the growth may be higher during this past year than in previous years.
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Because new construction has not kept up with housing demand, the consequence is basically gentrification at the city/metro scale - a more attractive, higher-amenity city with universally higher costs, especially in areas with transit service. There is quite a bit of new (relative) wealth coming in, but many households are just worse off or have more people crammed in per unit to cut down on costs. Homelessness continues to be a huge and growing problem.
One issue is that everything is more expensive but another is that there just aren't enough units available at any given time. I think thousands of students are going to be unable to find housing this fall. Meanwhile there are hundreds or thousands of Ukrainian refugees trying to move here to work construction jobs but there's nowhere for them to live, regardless of how much they're willing to pay.
It'll be interesting to see whether the current round of construction ends up making much of a difference. It all feels very slow compared to what's really needed.