With low fertility rates, an aging workforce, and an increasing dependency ratio, Canadian demographics are transitioning from a tailwind to a headwind on property values. In Atlantic Canada, this is doubly true. The Maritimes are the vanguard of the Canada’s aging population, but generally lack the simulative effect of immigration. This sets us on a collision course with important tipping points in real estate economics.
While much has been said about the effect of a stagnant and aging population on economic growth and social services, we find little consideration has been given to its impact on real estate. This is an enormous oversight; not only is real estate generally the largest single asset held by private citizens and often businesses, but it is by far the largest driver of both revenues and expenses for local government.
On September 17th 2015, from 7:30 am until 9 am, we will host a breakfast seminar at the Halifax World Trade and Convention Centre on the demographic changes sweeping the region, and their impact on real estate values in Atlantic Canada. Experts from our Economic Intelligence Unit and Planning Division will outline the implications of Nova Scotia’s demographics for real estate, and discuss how the way we plan and develop our communities should adapt.
This breakfast seminar will be of interest to decision makers with property portfolios in Nova Scotia as well as municipal planners and professionals active or advising clients in real estate; lawyers, commercial loans officers, accountants, developers. To reserve your hot breakfast contact Gen Lecour at or (902) 429-1811 Ext. 345. There is no charge but we will accept donations to the Salvation Army and Oxfam at registration.