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In a nutshell, as stated in Don, GDP growth = Job growth = Population growth = Job Growth = Population Growth = Increased rental demand (12 months later) = Increased rents = Property purchase demand (18 months later) which eventually leads to property price increases.
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For example, did you hear of this major $25Billion ship-building contract in Halifax? The city of only 400,000 people is expecting a true influx of migrant workers joining the existing labour stress. Only a couple of months after the announcement, realtors claim to obtain already felt the industry market respond. Read more available.
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