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Halifax’s Submarine Boom and Housing Crisis | Canada News

Halifax’s Submarine Boom and Housing Crisis | Canada News

Published 2 days, 15 hours ago
Description

Halifax is on the brink of a massive economic boom as Germany’s ThyssenKrupp Marine Systems prepares to build up to twelve new submarines, creating tens of thousands of jobs—and drawing thousands more workers to the city. But with housing prices already among the highest in Canada and property values doubling in just a few years, the real challenge is whether Halifax can keep pace with demand. As interest rates climb and the city grapples with a severe affordability crisis, the clock is ticking: can Halifax build enough affordable homes before the submarines arrive—and the workers come?

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