๐Rental rates in Halifax are climbing faster than the national average, with a one-bedroom apartment costing $2,050, a 10% increase from last year, and two-bedroom units rising 18.2% to $2,669. Despite record housing developments, the city's 1% vacancy rate and strong interprovincial migration are driving demand. Students like Shamar Bennett are shocked by the high prices, paying $1,200 each for a room. While the national rent growth has slowed, Halifax continues to face significant pressure due to its growing population. The Halifax Regional Municipality needs to build 7,000 new units annually to meet demand.โ . ๐๐๐๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐๐๐ฆ ๐ก๐จ๐ฆ๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐๐ง๐ ๐๐๐ซ๐ ๐ก๐๐ฌ๐, ๐๐ง๐ญ๐๐ซ๐ข๐จ'๐ฌ ๐ฆ๐จ๐ซ๐ญ๐ ๐๐ ๐ ๐๐ฑ๐ฉ๐๐ซ๐ญ. ๐๐๐ฅ๐ฅ: +๐ (๐๐๐) ๐๐๐-๐๐๐๐ @neena.robin . . #HalifaxHousingCrisis #RisingRents #StudentStruggles #RentalMarket #HousingDemand #NovaScotia #ApartmentHunt #mnm #malayalisnearmeapp #canadaupdate #canadanews
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