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Source: http://www.doksinet 2019 #hfxindex2019 Source: http://www.doksinet Gold Partner SPONSORS Silver Partner Source: http://www.doksinet 2019 Is Halifax on the Cutting Edge? #hfxindex2019 Source: http://www.doksinet GROWTH PLAN Source: http://www.doksinet ECONOMY Source: http://www.doksinet GROWTH PLAN ECONOMY Source: http://www.doksinet GROWTH PLAN ECONOMY Real GDP Level and Annual Growth Rate Benchmark Cities, $2007 Chained Billions, 2018 Source: http://www.doksinet GROWTH PLAN ECONOMY Halifax Gateway Activities Halifax, Units Indicated in Table, 2017 to 2018 Source: http://www.doksinet GROWTH PLAN ECONOMY Overnight Stays by Type of Provider Halifax, Millions of Room-Nights Sold, 2010 to 2018 Room Sharing Traditional Hotels Source: http://www.doksinet TALENT Source: http://www.doksinet GROWTH PLAN TALENT Source: http://www.doksinet GROWTH PLAN TALENT Labour Force Participation Rate Halifax, Population Ages 15 and Older, 2001 to 2018

• 68.1% Source: http://www.doksinet GROWTH PLAN TALENT Unemployment Rate by Age Group Benchmark Cities, Population Ages 15 and Older, 2018 ■ ■ Ages 15 and older Ages 15-24 Source: http://www.doksinet GROWTH PLAN TALENT Nova Scotia Residents University Enrolment by Student Origin Halifax, Full- and Part-time Students, 2008 to 2018 Other Canadian International The share of international students studying in Halifax continues to grow year over year Source: http://www.doksinet GROWTH PLAN TALENT Net Interprovincial Migration Nova Scotia, Net Migrants, 2012 to 2018 Source: http://www.doksinet PEOPLE Source: http://www.doksinet GROWTH PLAN PEOPLE Source: http://www.doksinet GROWTH PLAN PEOPLE Historical Population Growth by Source Halifax, 2007 to 2018 Total: 8,544 Net International Net Interprovincial Net Intraprovincial Net Natural Source: http://www.doksinet GROWTH PLAN PEOPLE Components of Net Migration by Age Halifax, Net Migrants, 2018 ■

■ ■ Net Intraprovincial Net Interprovincial Net International Source: http://www.doksinet RESIDENTS Source: http://www.doksinet RESIDENTS Income Per-Capita and the CPI Benchmark Cities, Annual Growth Rate, 2018 The average person in Halifax had effectively more money in her pocket in 2018 making life here more affordable. ■ Income per Capita Growth ■ Consumer Price Growth ■ Imputed Change in Purchasing Power Source: http://www.doksinet RESIDENTS Average New and Resale Home Prices Benchmark Cities, $ and Annual Growth Rate, 2018 *Data are unavailable for St. John’s; Newfoundland and Labrador prices were used as a proxy. ■ Average New SingleDetached Price ■ Average Home Resale Price Source: http://www.doksinet RESIDENTS City Matters Survey Results Halifax, Scores of 1 (“Very Poor”) to 10 (“Excellent”), 2014 to 2019 Source: http://www.doksinet RESIDENTS Ratings of Halifax as a Good Place to Raise a Family Regions within Halifax, 1

(Very Poor) to 10 (Excellent), 2019 10 - Excellent 9 8 7 61% of rural respondents rated Halifax an eight or higher 10 percentage points more than urban respondents 6 5 4 3 2 1 – Very Poor Source: http://www.doksinet Stephen Moore Source: http://www.doksinet Halifax Index TECH ADOPTION IN HRM Source: http://www.doksinet Tech adoption in HRM CURRENT TRENDS Source: http://www.doksinet FREQUENCY OF USE Online financial services such as electronic banking and on-line bill payment 91% Online shopping via sites like Amazon or eBay 40% Accommodation platforms such as Airbnb 11% Food delivery/preparation services such as Skip the Dishes, Uber Eats, Hello Fresh, Superstore PC express 7% Ride sharing services such as Uber or Lyft 7% 0% 10% 20% 30% 40% 50% 60% Ride sharing services such as Uber or Lyft Food delivery/preparation services such as Skip the Dishes, Uber Eats, Hello Fresh, Superstore PC express Accommodation platforms such as Airbnb Online

shopping via sites like Amazon or eBay Online financial services such as electronic banking and on-line bill payment 70% 80% 90% 100% Source: http://www.doksinet AGE OF TECH AND ADOPTION RATES Years Established Compared to Frequency Of Use 30 25 20 15 10 5 0 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Source: http://www.doksinet AGE AND ADOPTION RATES 100% 96% 92% 90% 85% 80% 70% 60% 50% 50% 44% 40% 30% 27% 20% 20% 14% 12% 9% 10% 6% 7% 5% 2% 3% 0% Online financial services such as electronic banking and on-line bill payment Online shopping via sites like Amazon Accommodation platforms such as Ride sharing services such as Uber or Food delivery/preparation services or eBay Airbnb Lyft such as Skip the Dishes, Uber Eats, Hello Fresh, Superstore PC express Age 18-34 Age 35-54 Age 55+ Source: http://www.doksinet Tech Adoption in HRM POTENTIAL USERS Source: http://www.doksinet POTENTIAL USERS Might Try It/Definitely Interested Food

delivery/preparation services such as Skip the Dishes, Uber Eats, Hello Fresh, Superstore PC express 49% 53% Ride sharing services such as Uber or Lyft 40% Accommodation platforms such as Airbnb 25% Online shopping via sites like Amazon or eBay Online financial services such as electronic banking and on-line bill payment 8% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Source: http://www.doksinet POTENTIAL USERS As we can see, among new technologies, the trend of greater interest among younger residents continues. Might Try It/Definitely Interested 100% 90% 80% 70% 59% 60% 50% 43% 43% 40% 60% 55% 41% 35% 56% 38% 28% 30% 22% 24% 20% 10% 6% 7% 9% 0% Online financial services such as electronic banking and on-line bill payment Online shopping via sites like Amazon or eBay Accommodation platforms such as Ride sharing services such as Uber Food delivery/preparation services Airbnb or Lyft such as Skip the Dishes, Uber Eats, Hello Fresh, Superstore

PC express Age 18-34 Age 35-54 Age 55+ Source: http://www.doksinet Tech Adoption in HRM HOW WE CONNECT Source: http://www.doksinet HOW WE CONNECT Telephones 100 90 80 88 70 60 50 56 40 30 41 20 10 9 0 Traditional landline telephone Dont have it and dont plan to get it/Have it but plan to get rid of it sometime soon Smart phone Have it and plan to keep it Source: http://www.doksinet HOW WE CONNECT Television 80 70 72 60 50 40 51 46 30 20 22 10 0 Traditional cable television Internet-based media services like Netflix or Apple TV Dont have it and dont plan to get it/Have it but plan to get rid of it sometime soon Have it and plan to keep it Source: http://www.doksinet Source: http://www.doksinet BUSINESSES Source: http://www.doksinet BUSINESSES ■ Seed ■ Grant and Investment Funding by Source Halifax, $ Millions USD and Number of Deals, 2009 to 2018 Venture ■ Other ■ January - June Grant Source: http://www.doksinet BUSINESSES

■ Seed ■ Grant and Investment Funding by Source Halifax, $ Millions USD and Number of Deals, 2009 to 2018 Venture ■ Other ■ January - June Grant Source: http://www.doksinet BUSINESSES Breweries, Wineries, and Distilleries Halifax, NAICS Establishments with Employees, 2014 to 2018 Distilleries (212140) Wineries (312130) Breweries (312120) Source: http://www.doksinet BUSINESSES Office Vacancy and Rental Rates Regions within Halifax, Share of Sq. Ft and $ PSF, 2012 to 2018 ■ Downtown Net Rent ■ Suburban Net Rent ▬ Downtown Vacancy ▬ Suburban Vacancy Source: http://www.doksinet BUSINESSES Industrial Availability and Rental Rates Regions within Halifax, Share of Sq. Ft and $ PSF, 2012 to 2018 ■ Average Asking Net Rent ▬ Availability Rate Source: http://www.doksinet BUSINESSES Job Vacancies and Vacancy Rates Halifax Economic Region, 2016 to 2018 ■ Job Vacancies ▬ Job Vacancy Rate Source: http://www.doksinet Peter MacIntosh Source:

http://www.doksinet Spring 2019 Business Confidence Study Presented to: 2019 Halifax Index Launch Presented by: Peter MacIntosh Chief Research Officer & Partner June 17, 2019 Source: http://www.doksinet Study Specs Telephone survey Overall margin of error: +/- 5.7 percentage points, 19 times out of 20 Probability sampling of Halifax area private sector owners/managers Research Study 301 surveys collected Tracking since 2011 Interviewing dates: March 4-18, 2019 47 Source: http://www.doksinet H a l i fax a s B u s i n e ss L o cat i o n Source: http://www.doksinet Halifax as Business Location Perceptions of Halifax as a place to conduct business remain positive, with onequarter citing Halifax as an above average place to conduct business. 49 Source: http://www.doksinet C u r re nt a n d F u t u re Eco n o mi c Pro s p e c t s Source: http://www.doksinet Current Economic Prospects The majority of Halifax businesses remain optimistic regarding current economic

prospects. 51 Source: http://www.doksinet Future Economic Prospects And the majority of Halifax businesses remain confident as well vis-à-vis future economic prospects. 52 Source: http://www.doksinet Eco n o mi c C o n di t i o n s C o mp are d to F i ve Ye a rs A g o Source: http://www.doksinet Economic Conditions Compared to Five Years Ago Four in ten businesses say the current economic climate for their Halifax operations is the same as five years ago, while almost the same number say it is now better. 54 Source: http://www.doksinet B u s i n e s s C o nf i d e nc e I n d i cato rs o r A c t i v i t i e s Source: http://www.doksinet Business Confidence Indicators or Activities Strong majorities of organizations anticipate increased sales and new hires in the coming year. More 2019 Mean 3.3 than half of the organizations also anticipate introducing a new product or service. Indicators of a business community aiming to be on the ‘cutting edge.’ 56

Source: http://www.doksinet A d vantage s o f H a l i fax Source: http://www.doksinet Advantages of Halifax Quality of life, workplace safety culture, and access to postsecondary institutions are considered important advantages of locating a business in Halifax. Conversely, perceptions regarding the ‘availability of labour’ have declined by seven points in the past year, and 46% say it now is a disadvantage. 58 Source: http://www.doksinet F i l l i n g J o b Va canc i e s Source: http://www.doksinet Filling Job Vacancies Just over one-half of businesses say they have experienced challenges in filling job vacancies in the past two years. 60 Source: http://www.doksinet Atlantic Immigration Pilot Program (AIP) Three in ten businesses are familiar with the Atlantic Immigration Pilot Program (AIP), a notable improvement from the awareness level recorded last year. 61 Source: http://www.doksinet B u s i n e s s C o nf i d e nc e I n d ex Source: http://www.doksinet

Business Confidence Index After a notable increase last year, the Business Confidence Index remains stable and historically high this Spring. This Barometer incorporates various survey data inputs, much of it included in today’s presentation. 63 Source: http://www.doksinet 64 Source: http://www.doksinet GOVERNMENT Source: http://www.doksinet GOVERNMENT Transportation Policy Implementation Benchmark Cities, Various, 2018 Source: http://www.doksinet GOVERNMENT Usage and Price of Cannabis Provinces, Share of Population Ages 15+ and $ per Gram, 2018 Source: http://www.doksinet GOVERNMENT Ratings of Regulatory Environment Halifax, Share of Business-Owner Respondents, 2018-2019 Major Disadvantage Moderate Disadvantage Minor Disadvantage Minor Advantage Moderate Advantage Major Advantage Source: http://www.doksinet Jordi Morgan Source: http://www.doksinet www.HalifaxIndexcom #hfxindex2019