The trend in Nova Scotia building permit values largely reflects the trends in the Halifax market. The value of Halifax building permits decreased 20.3 percent in August 2020, reflecting a 12.4 percent decrease in residential permit values and a 46.1 percent decrease in non-residential permit values.
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“According to the statistics, national population growth was up 1.10 percent to 38,005,238 as of July 1, 2020. Nova Scotia’s population has been growing rapidly since 2015, rising by 36,561 since July 1 of that year.”
CANS is accepting applications from new companies who wish to participate in the CANS Advantage Program, leveraging the buying power of the Association by offering exclusive and unique offers to CANS member companies and their employees.
The Construction Association of Nova Scotia is pleased to introduce our 2020-2021 Board of Directors.
“It is fair to say that we’ve all had a bit of a one-track mind lately. COVID-19 has changed our lives. Its impacts are commanding headlines and dominating conversations around (virtual) boardroom and dining room tables, and in legislatures.” Read more from Mary Van Buren, CCA President.
As of Sept. 25, the process for business exceptions for “specialized workers” has changed. When there is urgent and critical work in Nova Scotia that requires specialized skills that are unavailable in Atlantic Canada, the Province will allow workers with those specialized skills to come from outside the region to do the work.
CANS is hiring! We are currently seeking a qualified individual to fill the position of a newly developed role, our Director of Policy and Workforce Development.
Through the designation of Honourary Life Membership, CANS wishes to honour individuals who, through their deeds and actions, have significantly contributed to the betterment of the Association and/or the industry and attainment of its goals and visions. Nominations are due by Friday, May 8, 2020.
For more information and to download the nomination form, click HERE. Please submit your nomination forms to Sheryl Farrington by email firstname.lastname@example.org
The trade data in the economic accounts represent provincial total and net expenditures in interprovincial (intP) and international (intN) markets. There are important differences in the characteristics of international and interprovincial trade. In this note, the focus is on interprovincial (intP) trade.
Several components of interprovincial trade are considered separately and in combination. These include exports (E), imports (I), goods (G), and services (S). Total interprovincial trade is the sum of interprovincial imports and exports of both goods and services. It measures the significance of interprovincial markets relative to international and domestic (within province) markets as the destination for the province’s output.
Total interprovincial trade is comprised of four components. In 2018, in order by value, they are:
- Interprovincial Imports of Services: $9.030 billion
- Interprovincial Imports of Goods: $5.544 billion
- Interprovincial Exports of Services: $4.621 billion
- Interprovincial Exports of Goods: $4.042 billion
In total, Nova Scotia’s interprovincial trade with the rest of Canada amounts to $23.237 billion.
By commodity, services are the larger share of Nova Scotia’s interprovincial trade
- Interprovincial Exports and Imports of Services amount to $13.7 billion (62.7% of total interprovincial trade)
- Interprovincial Exports and Imports of Goods were valued at $9.6 billion (41.3% of total international trade)
In its trade with the rest of Canada, Nova Scotia imported $5.911 billion more than it exported:
- Interprovincial Imports of Goods and Services amounted to $14.6 billion (62.7% of total interprovincial trade)
- International Exports of Goods and Services amounted to $8.7 billion (37.3% of total interprovincial trade)
INTERPROVINCIAL TRADE GROWTH
Between 2017 and 2018, the value of Nova Scotia’s GDP increased 3.3% to $44.4 billion. Nova Scotia’s interprovincial goods exports increased faster than nominal GDP on a year-over-year basis, but growth in both interprovincial services imports and services exports were slower. Interprovincial imports of goods to Nova Scotia declined last year.
- Interprovincial Exports of Goods increased 6.0%.
- Interprovincial Imports of Services increased 3.2%.
- Interprovincial Exports of Services increased 2.5%.
- Interprovincial Imports of Goods decreased 0.2%
Between 2010 to 2018, Nova Scotia’s nominal GDP grew at a Compound Annual Growth Rate of 2.3 per cent per year.
- Interprovincial Imports of Services increased 3.3% per year
- Interprovincial Exports of Services increased 2.5% per year
- Interprovincial Exports of Goods increased 0.9% per year
- Interprovincial Imports of Goods decreased 0.1% per year
Nova Scotia’s interprovincial service trade (both imports and exports) increased faster than nominal GDP on a long-term basis (2010 to 2018), while goods trade grew more slowly than nominal GDP.
SOURCE: Statistics Canada Tables 36-10-0222-01