b'REGIONAL SPOTLIGHTATLANTIC CANADA ON THE MOVECanadas eastern provinces are one of the nations newest economic hotspots By Matthew BradfordC ERC is heading to St. John\'s,for the first time in 30 years, Statisticsmulti-residential complexes in develop-Newfoundland, for its 40thCanadas census indicates that morement across the Atlantic provinces," conference, and the destinationpeople have moved to the Maritimes fromStokes reports. "This sector is employing could not be more fitting. Inother Canadian places than have moveda lot of people and the activity is great for addition to the city\'s rich historyaway, with New Brunswick and Novacompanies looking to set up assignments and scenic views, the destination willScotia experiencing the fastest populationhere because it means more corporate centre delegates within a region that is fastgrowth rates since the 1970s and Princehousing selection for transferees."becoming a focus for the mobility sector. Edward Island recording its highest rateStokes adds the region is also seeing Activity in the Atlantic provinces isever at eight per cent. an uptick in new restaurants and booming, says Jessica Stokes, nationalThe region\'s population and economicshops, signalling a renewed interest sales director with Obasa Six Three Suitesgrowth are attributable to increasedin the region: "New businesses have and a Halifax resident. If you look atactivity across several industries.been popping up all over the Atlantic immigration alone, Atlantic Canada is oneTraditional industries (e.g., fishing, oilprovinces, and they\'re everything from of the highest growing locations acrossand gas, and urban shipbuilding) arehousing to fashion, retail to restaurants, Canada. Thats not only because wepicking up the pace after several years ofand a lot of home businesses."welcome everyone with open arms, butpandemic hardships. because there is so much opportunity forACROSS THE BAYpeople who move here. Meanwhile, the Atlantic provinces alsoIt\'s a cautiously optimistic time for represent the hottest real estate markets inCanada\'s East: one of rebounding The Atlantic provinces are comprisedCanada, thanks to a surge of residentialopportunities and economic growth of New Brunswick, Nova Scotia, Princeand commercial building development.on every shore. That confidence Edward Island (a.k.a. the Maritimes), and"We\'re seeing a good mix of affordableis reflected throughout the region, Newfoundland and Labrador. And indeed,low-income and high-end housing andincluding southeast New Brunswick, 18PERSPECTIVES Summer 2022'