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Low inventory and strong demand are pushing up prices in the already hot Halifax real estate market. In the last quarter of 2012, the average price for a detached bungalow rose 7.3% to $285,833, according to a Royal LePage survey recently released.  “The housing market is unbelievably hot,” said the Royal LePage real estate broker, Matt Honsberger.  He said some …

[HALIFAX, NS] — The federal government has signed a $9.3-million deal with Irving Shipbuilding to get started on the navy shipbuilding contract in Halifax. Defence Minister Peter MacKay says the contract will allow the shipbuilding company to review the design and devise a construction plan for the Arctic offshore patrol ships. Those are the first vessels expected to be built …

Alternative lenders — among them an industry leader — are now pushing into Nova Scotia, just ahead of any boom expected from that $25 billion shipbuilding contract. “Equitable has served borrowers in other parts of the country for more than 40 years and now it’s time to bring our specialized mortgage solutions to Atlantic Canada,” said company president and CEO …

It’s human nature. The grass is always greener somewhere else. While most of us will probably end up retiring close to home, we can’t help dreaming about idle days spent on deserted beaches where we don’t have to heat the house or worry about shovelling the driveway. Peter Drake, Fidelity Investments Canada’s vice president of Retirement and Economic Research recently offered …

The flurry of sales activity that followed the billion-dollar shipbuilding announcement may be cooling off, but Halifax’s housing market remains strong. A new report by the Canada Mortgage and Housing Corp. says positive economic activity, a growing population and low interest rates will lead to solid housing demand throughout 2012. “Increases in economic growth and employment, along with positive migration …