REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS
Population
HALIFAX POPULATION GROWTH
•
Vacancy at historic lows in Halifax as demand for housing outpaces new rental supply.
Killam
APARTMENT REIT
Halifax's accelerated growth has been driven by immigration and urbanization with strong economic growth, with 3.5% GDP
growth in 2021 and estimating 1.9% GDP growth for 2022(¹).
480,000
455,000
Halifax Population Growth
Annual (July 1-June 30)
430,000
0.9%
0.3% 0.4% 0.2%
405,000
0.6%
3.0%
2.5%
2.3%
2.1%
2.5%
1.9%
1.9%
2.0%
1.5%
1.5%
1.0%
0.5%
380,000
0.0%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Population
Population Growth (%)
Source: Statistic Canada
Population Growth %
(1) Nova Scotia Economic Forecasts, TD Economics Report, June 22, 2022 [Provincial Economic Forecast (td.com)]
2020-21 Halifax Population Growth by
Source
28.1%
5.2%
6.4%
Total Growth
9,279
60.3%
■ Natural ■ Intraprovincial Interprovincial ■ International
Source: Statistic Canada
March 2023 | Page 47View entire presentation