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๐Ÿ‘‰Rental 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.โœ… . ๐’๐ž๐œ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐ž๐š๐ฆ ๐ก๐จ๐ฆ๐ž ๐ฐ๐ข๐ญ๐ก ๐๐ž๐ž๐ง๐š ๐•๐š๐ซ๐ ๐ก๐ž๐ฌ๐ž, ๐Ž๐ง๐ญ๐š๐ซ๐ข๐จ'๐ฌ ๐ฆ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐ž๐ฑ๐ฉ๐ž๐ซ๐ญ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ’๐Ÿ‘๐Ÿ•) ๐Ÿ—๐Ÿ–๐Ÿ-๐ŸŽ๐Ÿ–๐ŸŽ๐Ÿ’ @neena.robin . . #HalifaxHousingCrisis #RisingRents #StudentStruggles #RentalMarket #HousingDemand #NovaScotia #ApartmentHunt #mnm #malayalisnearmeapp #canadaupdate #canadanews

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