MUSKOKA ECONOMIC STRATEGY 5.0 Phase 1: Background Report
|
|
- Hilda Fitzgerald
- 5 years ago
- Views:
Transcription
1 5.0 ECONOMIC GROWTH PROJECTIONS 5.1 Growth Projection Methodology This section begins with a description of the logic and process underlying the study team s approach to growth projections. It then examines Muskoka s key economic drivers as a basis for future growth. It highlights the changing role of manufacturing output and employment, and of economic activity driven by the Baby Boom generation. Their implications and those stemming from population growth in Ontario s urban centres are presented for Muskoka, in support of employment and population growth projections for the District to the year In Section 3.4 of this report it was noted that growth in a community will typically occur only if its export base is expanding. Expansion of the exportbased industries drives the growth of the community at large. Without growth in a community s export-based industries, growth in its communitybased activities is unlikely to occur. The population of a community (i.e. the number of permanent residents) is unlikely to grow unless the community s economic base is growing. Growth in employment in the export-based or economic base industries attracts workers and their dependents. These residents need places to live, as well as food, clothing and other household goods and services. Their needs lead to the expansion of community-based jobs in the retail, finance, health, education and other service sectors. In communities where the economic base is expanding, job seekers are moving in, along with their dependents, to take the newly created economic base jobs. For example, Calgary s oil and gas extraction industry is growing rapidly. The need for new workers in Calgary is resulting in the building of new homes and retail space and a host of new jobs across all the community based industries. As a result, Calgary s population is growing rapidly. In communities where the economic base is declining, workers are leaving to find employment elsewhere, taking their dependents with them. For example, Timmins mining industry is declining in employment along with other economic base industries. 11 As a result, the population of Timmins is stagnant and is likely going to decline in the decades ahead. The C4SE projection methodology explicitly recognizes the distinction between economic base and community-serving activities (see Figure 5.1). It integrates economic development, community development and demographic growth through the labour market. The model links total employment the sum of both economic base and community base employment and the number of people available for work in a community. 11 According to the 2006 Census the Calgary area s population grew 13.4 percent between 2001 and 2006 while the Timmins area s population fell by 0.2 percent. Malone Given Parsons Ltd. * Centre for Spatial Economics 41
2 If employment growth exceeds the number of workers available, net migration increases to match labour market requirements. If employment growth falls short of the number of workers available, net migration turns negative as workers leave to find jobs where they are more plentiful, thus again clearing the local labour market. The projection system translates export-based jobs into community-based jobs. Total employment and labour market conditions combine to determine the total labour force in the community. The model then links labour force growth to the community s permanent population growth. The next subsections describe the forces underlying Muskoka s growth potential, prior to applying the model to generate the report s employment and population projections. Figure 5.1: The Economic & Demographic Projection Framework Economics Demographics Headship Rates Housing Requirements Export Drivers Population by Age and Birth Rates Births Gender Mortality Rates Deaths Export Community Labour Force Based Driven Participation Employment Employment and Utilization Rates Total Emplyment Available Labour Force Net Migration Net Natural Population Growth The C4SE framework handles the demographic projections of a community (yellow section) as do most forecasters, drawing on information regarding the population by age and gender in a base year and altering it in the future using assumed fertility and mortality rates. The C4SE framework, however, drives net migration by linking it to the community s labour market requirements. This need is driven by the potential for the community to grow its economic base which, in turn, is determined by the potential for growth in its exportable goods and services (grey section). Source: Centre for Spatial Economics Malone Given Parsons Ltd. * Centre for Spatial Economics 42
3 5.2 The Muskoka Economy and Its Key Drivers Section 3.4 of this report showed that of the 8,118 jobs accounting for Muskoka s economic (export) base in 2001, 57 percent (or 4,623) could be attributed to meeting the needs of tourists and seasonal residents, 38 percent (or 3,110) to manufacturing and the remaining 5 percent (385) to other industries (forestry and aggregates extraction). These economic base industries are the key drivers of the Muskoka economy. The Centre for Spatial Economics produces and routinely updates longterm, detailed economic and demographic projections for Canada, its provinces and its major metropolitan areas. Our projections for Ontario show that employment in the manufacturing sector has levelled off, and that it will decline into the future. Our projections for the primary sector (e.g., agriculture, forestry) suggest that employment will continue to decline in that sector as it has for the last two decades. Our projections call for real output in each of these two sectors to continue to grow in the future in line with growth in our export and domestic markets for the products they produce. But our projections also call for output per worker (i.e. productivity) to continue to improve in both, reflecting their ever-increasing application of innovation and technology. Figures 5.2 and 5.3 illustrate the path of output, employment and productivity in Ontario s manufacturing sector over the last two decades. Productivity growth keeps producers throughout Ontario competitive in world markets and provides the improvements to the standard of living for its residents. Productivity growth also means reduced employment growth or, in the case of the primary and manufacturing sectors, employment decline. Communities can no longer expect these two industries to fuel community employment and population growth the way they once did throughout the 1950 s to the 1980 s. Our projections do call for considerable growth in production and employment in a number of service sectors. Many of which are replacing goods producers as the engines of community growth: Many communities, mainly those in metropolitan areas, are benefiting from the rapid rate of growth in business services that has been underway for several decades. The business service sector covers traditional providers such as accountants, lawyers, engineers and architects. But it now also increasingly reflects rapidly growing providers such as those in software development, computer systems design, advertising, marketing, management consulting, scientific and technical consulting, most of them serving markets beyond the local community. Malone Given Parsons Ltd. * Centre for Spatial Economics 43
4 Figure 5.2: Ontario Manufacturing Output and Employment from January 1987 to March 2007 (Seasonally Adjusted) 200,000 2, ,000 Employment (Thousands of Persons, Seasonally Adjusted) (Right Scale) 2, ,000 2, ,000 1, ,000 1, ,000 Gross Domestic Product ($97 Millions, Seasonally Adjusted at Annual Rates) (Left Scale) 1,250 80,000 1,000 60, , , Source: Statistics Canada and C4SE Figure 5.3: Ontario Manufacturing Productivity (Output per Worker) from January 1987 to March 2007 (Seasonally Adjusted) 90,000 80,000 Productivity = Output per Worker (Constant 1997 Dollars) 70,000 60,000 50,000 40,000 30,000 20,000 10, Source: Statistics Canada and C4SE Malone Given Parsons Ltd. * Centre for Spatial Economics 44
5 Many communities are also setting themselves up as regional providers for retail shopping, health care delivery or specialized education. In the past these industries have been considered only as part of the community base. In many centres today portions of these industries are helping to expand the export base. Other communities are spurring economic development by meeting the needs of tourists, seasonal residents and retirees. Thanks to rising real incomes and the aging of the post-war Baby Boom generation these markets are some of the fastest growing in the country. 5.3 Growth Prospects and Projections As noted above, our projections call for employment to decline over the next few decades in both the primary and manufacturing sectors in Ontario. Therefore we see limited scope for the expansion of Muskoka s economic base in either of these two industries. For example, there were fewer people in the District employed in the primary sector in 2001 than in the mid- 1980s, a pattern reflecting trends province-wide. Interestingly, growth in manufacturing employment in Muskoka over that period exceeded that of the province in that sector. However, Dura Automotive Systems, Muskoka s biggest manufacturing sector employer accounting for almost 550 jobs, recently announced that it will cease all operations in the District this fall. This decision will significantly reduce the size of Muskoka s manufacturing employment base which in 2001 totalled 3,105 jobs. For the purposes of generating economic and demographic projections for Muskoka we have assumed in all the alternatives that employment by place of work in the primary and manufacturing sectors will decline from this point forward at a pace in line with our projected declines for those sectors on a province-wide basis (Figure 5.4). The location quotient analysis carried out in Section 3.4 of this report revealed that business services have not yet developed in the District to the point where they account for a portion of the area s economic base. 12 This is a sector that is growing rapidly at the provincial level and is one that facilitates the earlier-than-retirement relocation of many self-employed individuals to the Muskoka area. Jobs in this sector will grow in Muskoka in the decades ahead and some of that growth may be export-induced. Currently, the number of jobs in the area is relatively low suggesting that when expertise is required by permanent and seasonal residents or businesses they obtain these services outside the District. 12 The location quotient for Muskoka s professional, scientific and technical services industry was 46 in 2001 while that for management of companies and administrative support was 72, both well below 100 and therefore suggesting they serve only the local community, not outside communities. Malone Given Parsons Ltd. * Centre for Spatial Economics 45
6 Figure 5.4: Projected Employment in Muskoka in the Primary and Manufacturing Sectors 2001 to ,500 Manufacturing Sector Employment 3,000 2,500 2,000 1,500 1,000 Primary Sector Employment Source: C4SE The location quotient analysis clearly identified tourism and second home development as key drivers for economic and population growth in the District. The Ontario Ministry of Tourism s definition of tourists or visitors includes people visiting the area and staying in some form of commercial accommodation (a hotel, resort, camp site); seasonal residents and renters staying in cottages or time-share or fractional units 13 ; friends and relatives visiting both permanent and seasonal residents; and people travelling for business reasons. For purposes of this study, we use tourists or visitors in accordance with the Ministry definition. To distinguish between visitor sub-groups, we use transient tourists to describe day-visitors and those using commercial accommodation or visiting friends and relatives, and seasonal residents to describe those using owned or rented seasonal units (see Figure 5.5). Although the Second Home Study and the Growth Strategy consider seasonal residents separately from their guests and renters, statistically and from an economic perspective, it is difficult to separate this group. For the purposes of identifying growth drivers for this study, this group is considered as one as it is dominated by and dependant on the seasonal resident. ). Retirees is used to describe those people retiring to take up primary residence in Muskoka, be it in a cottage, condominium unit or other housing form. Evidence suggests these transient tourists and seasonal residents are drawn primarily from the Greater Golden Horseshoe and from the Ottawa, Kingston, London and Windsor metropolitan areas, and that they are especially drawn 13 Statistics Canada s Travel Surveys do not distinguish between owners or rental users of private accommodation. Malone Given Parsons Ltd. * Centre for Spatial Economics 46
7 from among people over the age of 45. The District s Second Home Study (2004) also identifies these age groups and these locations as the primary sources of Muskoka s seasonal residents. Statistics Canada survey data regarding household spending by age identifies people 45 and over as the group spending most of the dollars on travel and related items. Figure 5.5: Tourist Definitions Ministry of Tourism "Tourists" or "visitors" are people travelling more than 40km (one way)* from home to take a day or overnight trip for the purposes of: - pleasure, using owned or rented seasonal accommodation - pleasure, using commercial accommodation; - visiting friends and relatives; - business. * from within Ontario. Economic Strategy seasonal residents transient tourists Source: Malone Given Parsons Ltd., C4SE, Statistics Canada Travel Surveys National tourism data suggest that travel spending between 1986 and 2006 grew at an average annual rate of 3.3 percent, faster than the 2.7 percent rate for the economy as a whole. Over the last ten years the comparable rates were 3.8 percent and 3.3 percent per year. Among the various travel categories the fastest growing components over the last decade were accommodation (4.9 percent per year), food and beverages (5.1 percent) and recreation and entertainment (6.7 percent) (see Figure 5.6). Most travel within and to Ontario is by residents of Ontario (75.2 percent of all trips or visits). This trend holds true for Muskoka where 93.7 percent of its visitors are from Ontario. The Ontario Ministry of Tourism forecasts rising numbers of visitors in both Ontario and Muskoka following several years of meagre growth and/or declines in the aftermath of 9-11, SARS and the rising value of the Canadian dollar. Muskoka is also noted for its attractiveness as a place for retirement. Retirees settling in the area are often former seasonal residents who visited the area regularly over the years then converted their seasonal residency status to permanent status upon retiring. Dollars spent by retirees and their dependents upon moving to a community have the same impact on the local economy as dollars spent by new employees and their dependents - both help to expand the community base. Malone Given Parsons Ltd. * Centre for Spatial Economics 47
8 Figure 5.6: Tourism Spending in Canada, Selected Components ,000 Accommodation Food, beverages Recreation, entertainment 2,500 2,000 1,500 1, Source: Centre for Spatial Economics, based on Ministry of Tourism and Recreation CTS/ITS data. Note: Millions of constant 1997 dollars; quarterly data at seasonally adjusted annual rates. Retirees and their dependents spend their incomes on food, clothing, gasoline, personal services, entertainment and recreation; however, their incomes and service needs may differ from new employees and their dependents. 14 It is next to impossible to consistently measure the separate impacts over the years of spending by transient tourists, seasonal residents and retirees on economic development in Muskoka. We know that together their spending supports in excess of 4,600 of the more than 8,000 jobs in the District s economic base in We also know that transient tourists, seasonal residents and retirees are largely drawn from the same age groups and from the same parts of Ontario. From this point forward we refer to these 4,600 jobs as being supported by transient tourism, seasonal residents and retirees (contracted to TSR). We determine their potential growth pace into the future by tying them to the projected growth in the population 45 years of age and over in the major metropolitan centres of southern Ontario (see Figure 5.7). 14 Some people approaching their retirement years relocate to Muskoka on a permanent basis before they retire, but continue to work by commuting to positions in Barrie and York, by accepting positions in Muskoka (thus adding to employed by place of residence) or by working in some capacity from their homes (thus adding to employed by place of residence, and perhaps to Muskoka s economic base). Malone Given Parsons Ltd. * Centre for Spatial Economics 48
9 Figure 5.7: Population of Persons 45 and Over and 65 and Over in the Greater Golden Horseshoe, Ottawa, Kingston, London and Windsor 7,000,000 Persons Persons 65+ 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 Source: Statistics Canada and C4SE The population of this 45 and over age group is expected to grow at an average annual rate of 2.0 percent between 2001 and , with rates this decade averaging more than 3.0 percent per year slowing in the final decade to rates of about 1.5 percent per year. For the purpose of projecting future employment growth, we have generated a range of economic and demographic projections for the District assuming that Muskoka s TSR employment base grows at the same annual rate as this population group, at a rate 0.5 percent per year faster and at a rate 0.5 percent per year slower. The impacts of these differing growth rate assumptions on Muskoka s TSR employment are illustrated in Figure 5.8. If TSR employment grows at the same rate as the population 45 and over in southern Ontario s metropolitan areas it will grow from just over 4,600 in 2001 to almost 9,000 in If TSR employment grows 0.5 percent per year faster than that population growth it will grow to more than 10,000 in If it grows 0.5 percent per year slower it will reach just over 7,800 in Considering that the rate of growth in households among these people exceeds the rate of growth in population, and that per household real incomes among them are rising at average annual rates of 1.5 percent per year, the spending on tourism generated by this group will grow in the future at rates consistent with the above-noted 4 percent annual nation-wide rates achieved over the last decade. Malone Given Parsons Ltd. * Centre for Spatial Economics 49
10 Figure 5.8: Projected Growth in Muskoka s Transient Tourism, Seasonal Resident and Retiree Supported (TSR ) Employment Source: C4SE In applying the projection model described in Section 5.1 to Muskoka, we drive the in-migration of people under the age of 55 by the District s future labour requirements, as defined by the economic base growth projections. We drive the in-migration of people over the age of 55 in proportion to the population 55 and over in southern Ontario s major metropolitan areas, reflecting this group s role as the pool from which Muskoka retirees are drawn. We drive the out-migration of all people at all ages by the rates experienced in Muskoka, reflecting the fact that as the population of the area over 65 years of age increases many will leave for mobility and other health reasons. Total employment for Muskoka under three scenarios is illustrated in Figure 5.8. Total employment grows from 28,360 in 2006 to 39,300 in 2031 under the base case scenario. In the faster employment growth case, growth reaches 43,270 and the slower case growth reaches 35,750 by The permanent population for Muskoka associated with these three scenarios is illustrated in Figure 5.9. In the base case the District s population grows from almost 60,000 in 2006 to almost 82,500 in In the faster employment growth case population reaches 91,000. In the slower employment growth case population reaches 74,800. Malone Given Parsons Ltd. * Centre for Spatial Economics 50
11 Figure 5.9: Employment Projections for Muskoka District, to 2031 Figure 5.10: Permanent Population Projections for Muskoka, to 2031 Source: C4SE Malone Given Parsons Ltd. * Centre for Spatial Economics 51
12 It is important to note that there is a degree of choice and assumed success in implementing choices implicit in these projections. The base case scenario assumes that Muskoka collectively determines that it wants to grow at the rate supported by broader market conditions. It also assumes that the District is collectively able to put in place the programs and assets necessary to sustain that base case growth rate. The higher growth case assumes greater success in attracting people and businesses to Muskoka, the lower assumes lesser success, or implementation of a choice to grow at a lesser rate. Summary tables providing more information about employment, population by age, and households are provided in Appendix A. Malone Given Parsons Ltd. * Centre for Spatial Economics 52
CITY OF KINGSTON AND KINGSTON CMA POPULATION, HOUSING AND EMPLOYMENT PROJECTIONS
CITY OF KINGSTON AND KINGSTON CMA POPULATION, HOUSING AND EMPLOYMENT PROJECTIONS September 2013 CITY OF KINGSTON AND KINGSTON CMA POPULATION, HOUSING AND EMPLOYMENT PROJECTIONS HIGHLIGHTS OF THE REPORT
More informationEconomic Impact Analysis of Fort Steele National Heritage Town. Final Report. By:
Economic Impact Analysis of Fort Steele National Heritage Town Final Report By: The Canadian Tourism Research Institute The Conference Board of Canada April 30, 2008 WHAT'S INSIDE This study reports on
More informationAppendix 4.2 Yukon Macroeconomic Model
Appendix 4.2 Yukon Macroeconomic Model 2016 2035 14 July 2016 Revised: 16 March 2017 Executive Summary The Yukon Macroeconomic Model (MEM) is a tool for generating future economic and demographic indicators
More informationin the province due to differences in their economic makeup or base. External macro factors play an
Summary dependent on mining and resources but face a weak outlook for metal Ontario s economic performance markets, where growth will remain is not shared equally in all regions low and possibly negative.
More informationThe Peterborough Census Metropolitan Area (CMA) spans the city of Peterborough and six other jurisdictions. The area is
PETERBOROUGH CENSUS METROPOLITAN AREA Presented by the Credit Unions of Ontario and the Ontario Chamber of Commerce 1 Peterborough s housing market saw a banner year in 2015. The Peterborough Census Metropolitan
More informationLabour Market Information Monthly
Canada's population estimates: Subprovincial areas, July 1, 2014 On July 1, 2014, almost 7 in 10 Canadians, or 24,858,600 people, were living in a census metropolitan area (CMA). In turn, more than one
More informationSocio-economic Series Long-term household projections 2011 update
research highlight October 2011 Socio-economic Series 11-008 INTRODUCTION This Research Highlight presents an update of the projections of household growth for Canada reported in the 2009 Canadian Housing
More informationThe Local Economic Impact of Short Term Rentals in Galveston, Texas
The Local Economic Impact of Short Term Rentals in Galveston, Texas TXP, Inc. 1310 South 1st Street #105 Austin, Texas 78704 www.txp.com Overview Short term rentals (STR) are an increasingly popular lodging
More informationE APPENDIX METHODOLOGY FOR LAND USE PROJECTIONS IN THE BOSTON REGION INTRODUCTION
E APPENDIX METHODOLOGY FOR LAND USE PROJECTIONS IN THE BOSTON REGION INTRODUCTION The Metropolitan Area Planning Council (MAPC), the region s land use planning agency, is responsible for preparing detailed
More informationMarket Study Report for the Municipality of Sioux Lookout. Prepared by:
Market Study Report for the Municipality of Sioux Lookout Prepared by: March 31, 2011 Market Study Report For the Municipality of Sioux Lookout Prepared by: McSweeney & Associates 900 Greenbank Road Suite
More informationRegional Economic Outlook. London Region
2015 Regional Economic Outlook London Region Presented by the Credit Unions of Ontario and the Ontario Chamber of Commerce 1 The region is expected to add several thousand jobs (6,200) over the next two
More informationECONOMIC REPORT CARD. Quarter 3 (July 1 - Sept 30, 2017)
ECONOMIC REPORT CARD Quarter 3 (July 1 - Sept 30, 2017) P1 Economic Report Card, Medicine Hat Q3 2017 TABLE OF CONTENTS P3 Key Economic Indicators P5 Analysis P5 Demographics P6 Labour Market P7 NAFTA
More informationECONOMIC IMPACT ANALYSIS UPDATE, ORO MEDONTE, ONTARIO PREPARED FOR BURL S CREEK EVENT GROUND INC.
ECONOMIC IMPACT ANALYSIS UPDATE, ORO MEDONTE, ONTARIO PREPARED FOR BURL S CREEK EVENT GROUND INC. November 25, 2015 November 25, 2015 Burl s Creek Event Ground Inc. C/O Mr. Ryan Howes 180 Line 8 S Oro-Medonte,
More informationRecent Demographic and Labour Market Trends in Regina
Recent Demographic and Labour Market Trends in Regina Prepared for the: Regina & Region Home Builders Association May 21, 2008 Doug Elliott Sask Trends Monitor 444 19th Avenue Regina, Saskatchewan S4N
More informationRESIDENTIAL REAL ESTATE MARKET OUTLOOK: 2019 WILL BE ANOTHER BANNER YEAR
Québec Federation of Real Estate Boards November 2018 RESIDENTIAL REAL ESTATE MARKET OUTLOOK: 2019 WILL BE ANOTHER BANNER YEAR All economic indicators are green except for one The strong performance of
More informationCensus Research Paper Series
2006 Census Research Paper Series #6 The Changing Industrial Structure of Northern Ontario by Chris Southcott, Ph.D. Lakehead University April, 2008 Prepared for the Local Boards of Northern Ontario Far
More informationACTUARIAL REPORT 27 th. on the
ACTUARIAL REPORT 27 th on the CANADA PENSION PLAN Office of the Chief Actuary Office of the Superintendent of Financial Institutions Canada 12 th Floor, Kent Square Building 255 Albert Street Ottawa, Ontario
More informationACTUARIAL REPORT 25 th. on the
25 th on the CANADA PENSION PLAN Office of the Chief Actuary Office of the Superintendent of Financial Institutions Canada 16 th Floor, Kent Square Building 255 Albert Street Ottawa, Ontario K1A 0H2 Facsimile:
More informationRegional Economic Outlook
2015 Regional Economic Outlook Muskoka-Kawarthas Presented by the Credit Unions of Ontario and the Ontario Chamber of Commerce 1 The region s unemployment rate is expected to fall steadily over the next
More informationNova Scotia Labour Market Review
2005 Nova Scotia Labour Market Review 2005 Nova Scotia Labour Market Review b This publication is available online at labourmarketinfo.ednet.ns.ca. This material may be freely copied for educational purposes.
More informationGreater Sudbury. Presented by the Credit Unions of Ontario, the Ontario Chamber of Commerce, and the Greater Sudbury Chamber of Commerce.
2015 Economic Outlook Greater Sudbury Presented by the Credit Unions of Ontario, the Ontario Chamber of Commerce, and the Greater Sudbury Chamber of Commerce. 1 The unemployment rate in the Greater Sudbury
More informationVDTM3436 Economic Impact Study Brochure
10/25/10 1 The Travel and Tourism Industry in Vermont A Benchmark Study of the Economic Impact of Visitor Expenditures on the Vermont Economy 2009 INTRODUCTION Despite the significant impact of the Great
More informationIntroduction... 3 Population and Demographics... 4 Population... 4 Demographics... 4 Labour force... 5
Table of Contents Introduction... 3 Population and Demographics... 4 Population... 4 Demographics... 4 Labour force... 5 Employment... 7 Employment and unemployment... 7 Employment in Lantzville... 8 Employment
More informationThe Local Economic Impact of Short Term Rentals in Monterey County
The Local Economic Impact of Short Term Rentals in Monterey County TXP, Inc. 1310 South 1st Street #105 Austin, Texas 78704 www.txp.com Overview Short term rentals (STR) are an increasingly popular lodging
More informationScottsdale Tourism Study - Visitor Statistics
Scottsdale Tourism Study - Visitor Statistics January 2018 Tourism and Events Department Scottsdale Visitor Statistics January 2018 Scottsdale City Council W.J. Jim Lane Mayor Linda Milhaven Kathy Littlefield
More informationPOPULATION GROWTH AND THE CONTEXT FOR MANAGING CHANGE
THE FRASER VALLEY REGIONAL DISTRICT: POPULATION GROWTH AND THE CONTEXT FOR MANAGING CHANGE 92,684 Population Growth, Fraser Valley Regional District, 1971 to 2003 Estimated, Projected to 2031 1971 1974
More information2015 Ford World Men s Curling Championships Halifax, Nova Scotia
2015 Ford World Men s Curling Championships Halifax, Nova Scotia Economic Impact Assessment November 2015 The following analysis provides the economic impact of the 2015 Ford World Men s Curling Championship
More informationScottsdale Tourism Study - Visitor Statistics
Scottsdale Tourism Study - Visitor Statistics September 2018 Tourism and Events Department Scottsdale Visitor Statistics September 2018 Scottsdale City Council W.J. Jim Lane Mayor Linda Milhaven Kathy
More informationNew products and studies 19
Catalogue 11-001-X (ISSN 1205-9137) Thursday, June 28, 2012 Released at 8:30 a.m. Eastern time Releases Payroll employment, earnings and hours, April 2012 (preliminary data) 2 In April, average weekly
More informationRifle city Demographic and Economic Profile
Rifle city Demographic and Economic Profile Community Quick Facts Population (2014) 9,289 Population Change 2010 to 2014 156 Place Median HH Income (ACS 10-14) $52,539 State Median HH Income (ACS 10-14)
More informationQuarterly Economic Monitor
Overview of Quarterly Economic Monitor December 214 Queenstown s economy boomed during 214, with ' provisional estimate of GDP showing that the Queenstown-Lakes District economy grew by 4.5% over the year
More informationMarch 26, 2015 ECONOMIC IMPACT ANALYSIS, ORO MEDONTE, ONTARIO PREPARED FOR BURL S CREEK EVENT GROUND INC.
March 26, 2015 ECONOMIC IMPACT ANALYSIS, ORO MEDONTE, ONTARIO PREPARED FOR BURL S CREEK EVENT GROUND INC. March 26, 2015 Burl s Creek Event Ground Inc. C/O Mr. Ryan Howes 180 Line 8 S Oro-Medonte, Ontario
More informationThe Economic Impact Of Travel on Massachusetts Counties 2015
The Economic Impact Of Travel on Massachusetts Counties 2015 A Study Prepared for the Massachusetts Office of Travel and Tourism By the Research Department of the U.S. Travel Association Washington, D.C.
More informationThe Province of Prince Edward Island Employment Trends and Data Poverty Reduction Action Plan Backgrounder
The Province of Prince Edward Island Employment Trends and Data Poverty Reduction Action Plan Backgrounder 5/17/2018 www.princeedwardisland.ca/poverty-reduction $000's Poverty Reduction Action Plan Backgrounder:
More informationCity of Edmonton Population Change by Age,
Population Change by Age, 1996-2001 2001 Edmonton Demographic Profile The City of Edmonton s 2001population increased by 49,800 since the 1996 census. Migration figures are not available at the municipal
More informationNevada County Population Projections 2010 to 2030 October 2010
Nevada County Projections 2010 to 2030 October 2010 Prepared By: The Nevada State Demographer s Office Jeff Hardcastle, AICP NV State Demographer University of NV Reno MS/032 Reno, NV 89557 (775) 784-6353
More informationContribution of the Architectural Services Industry to Ontario's Economy
Contribution of the Architectural Services Industry to Ontario's Economy May 16, 2018 Contribution of the Architectural Services Industry to Ontario s Economy Prepared for: Ontario Association of Architects
More informationPopulation and Household Projections Northeast Avalon Region
Northeast Avalon Region June 2008 Prepared By: Economic Research and Analysis Division Economics and Statistics Branch Department of Finance P.O. Box 8700 St. John s, NL A1B 4J6 Telephone: (709) 729-3255
More information-In Muskoka we report on two different populations - There is not necessarily a clear line between permanent and seasonal, but generally...
1 2 -In Muskoka we report on two different populations - There is not necessarily a clear line between permanent and seasonal, but generally... - The permanent population made up of those people who generally
More informationTourism s Economics Impact on Somerset County. May 2018
Tourism s Economics Impact on Somerset County May 2018 Table of contents Tourism Economics 2 1) Tourism Impact Summary and Trends Economic impact summary Tourism's impact on Somerset County Nominal dollars,
More informationEconomic Analysis of Ontario
Economic Analysis of Ontario Volume 9 Issue 1 March 2018 ISSN: 0834-3980 Hamilton-Niagara Peninsula Economic Region The region posted strong economic performance in 2017, which is expected to carry-over
More informationEconomic Impact Assessment of Updated Delegate Projections for Proposed Redevelopment of the Halifax World Trade and Convention Centre
Economic Impact Assessment of Updated Delegate Projections for Proposed Redevelopment of the Halifax World Trade and Convention Centre FINAL REPORT Prepared for: Trade Centre Limited (TCL), Halifax, Nova
More informationEconomic Update 9/2016
Economic Update 9/ Date of issue: 10 October Central Bank of Malta, Address Pjazza Kastilja Valletta VLT 1060 Malta Telephone (+356) 2550 0000 Fax (+356) 2550 2500 Website https://www.centralbankmalta.org
More informationWindsor Housing Market Overview
Windsor Housing Market Overview 16 May 2018 Andrew Scott Senior Analyst, Economics Report Card Tailwinds Healthy labour market Increased migration Strong US and Global growth Interesting Cooling existing
More informationSpecial Feature Service Sector
Special Feature Service Sector D iscussions of economic performance tend to focus primarily on the goods sector. This is because output of the goods sector is tangible and more easily measured. Despite
More informationan economic impact and future growth study of New Brunswick s high-value insurance sector
an economic impact and future growth study of New Brunswick s high-value insurance sector over 340 firms 49% employment growth over the past six years 15% employment growth over the next three years FEBRUARY
More informationThe Impact of the September 11 th Events on Ontario s Attractions --Month of September-- Final Report
The Impact of the September 11 th Events on Ontario s Attractions --Month of September-- Final Report Ontario Ministry of Tourism, Culture and Recreation October 23, 2001 TABLE OF CONTENTS Introduction
More informationECONOMIC IMPACT OF TRAVEL ON GEORGIA 2004 PROFILE
ECONOMIC IMPACT OF TRAVEL ON GEORGIA 2004 PROFILE A Study Prepared for the Georgia Department of Economic Development (DEcD) By the Travel Industry Association of America Washington, D.C. June 2005 Preface
More informationSocio-economic Series Changes in Household Net Worth in Canada:
research highlight October 2010 Socio-economic Series 10-018 Changes in Household Net Worth in Canada: 1990-2009 introduction For many households, buying a home is the largest single purchase they will
More informationTourism s Economics Impact on the Meadowlands Liberty Region. May 2018
Tourism s Economics Impact on the Meadowlands Liberty Region May 2018 Table of contents Tourism Economics 2 1) Tourism Impact Summary and Trends Economic impact summary Tourism s Impact on the Meadowlands
More informationCOMMODITY PRICES LIMIT NEBRASKA GROWTH By the Bureau of Business Research and the Nebraska Business Forecast Council
VOLUME 71, NO. 717 PRESENTED BY THE UNL BUREAU OF BUSINESS RESEARCH (BBR) DECEMBER 2016 COMMODITY PRICES LIMIT NEBRASKA GROWTH By the Bureau of Business Research and the Nebraska Business Forecast Council
More informationTrends in Labour Productivity in Alberta
Trends in Labour Productivity in Alberta July 2012 -2- Introduction Labour productivity is the single most important determinant in maintaining and enhancing sustained prosperity 1. Higher productivity
More informationThe Economic Impact of the 2014 Alberta Winter Games
The Economic Impact of the 2014 Alberta Winter Games Event Dates: February 6-9, 2014 Location: Banff & Canmore, Alberta Host Organization: Banff-Canmore 2014 Alberta Winter Games Society Survey and Data
More informationOVERVIEW OF DEVELOPMENTS IN ICT INVESTMENT IN CANADA, 2011
September 212 151 Slater Street, Suite 71 Ottawa, Ontario K1P 5H3 613-233-8891, Fax 613-233-825 csls@csls.ca CENTRE FOR THE STUDY OF LIVING STANDARDS OVERVIEW OF DEVELOPMENTS IN ICT INVESTMENT IN CANADA,
More informationEconomic Contribution of Business Events in Canadian Cities. Canadian Economic Impact Study 3.0 (CEIS 3.0), 2012 Base Year
Economic Contribution of Business Events in Canadian Cities Canadian Economic Impact Study 3.0 (CEIS 3.0), 2012 Base Year Economic Contribution of Business Events in Canadian Cities Canadian Economic Impact
More informationECONOMICS AND STATISTICS BRANCH DEPARTMENT OF FINANCE
ECONOMICS AND STATISTICS BRANCH DEPARTMENT OF FINANCE The Branch is responsible for meeting the broad macroeconomic and statistical requirements of Government and its agencies. As part of this mandate,
More informationHer Majesty the Queen in Right of Canada (2018) All rights reserved
0 Her Majesty the Queen in Right of Canada (2018) All rights reserved All requests for permission to reproduce this document or any part thereof shall be addressed to the Department of Finance Canada.
More information1,200 NEW ENTRANTS 400 (9.1%) EMPLOYMENT CHANGE
CONSTRUCTION & MAINTENANCE LOOKING FORWARD prince edward island An island of growth within Atlantic Canada HIGHLIGHTS 2019 2028 Prince Edward Island is bracing for the busiest construction season ever
More informationHEMSON C o n s u l t i n g L t d.
GROWTH OUTLOOK TO 2036 City of Greater Sudbury DRAFT C o n s u l t i n g L t d. May 2013 TABLE OF CONTENTS EXECUTIVE SUMMARY... 1 I II III INTRODUCTION AND PURPOSE... 3 POSITIVE GROWTH OUTLOOK FOR GREATER
More informationAnnual. Labour. Market. Alberta. Review
2005 Annual Alberta Labour Market Review Employment Economic Regions Unemployment Migration Industries Occupations Wages Skill Shortages Education Hours Worked Demographics Aboriginal People EMPLOYMENT
More informationHalifax Economic Report
Halifax Economic Report OCTOBER 216 J.K. MacAdam Economist and Project Development Specialist Highlights 216 continues to be a strong year for Halifax, driven by growth in shipbuilding, construction projects,
More informationCITY OF STRATFORD OFFICIAL PLAN REVIEW BACKGROUND REPORT DEMOGRAPHIC AND ECONOMIC PROFILE AND POPULATION AND HOUSING GROWTH FORECAST NOVEMBER 21, 2012
CITY OF STRATFORD OFFICIAL PLAN REVIEW BACKGROUND REPORT DEMOGRAPHIC AND ECONOMIC PROFILE AND POPULATION AND HOUSING GROWTH FORECAST NOVEMBER 21, 2012 IN ASSOCIATION WITH: CONTENTS Page 1. INTRODUCTION
More informationDemand for social and affordable housing in WSCD area FINAL. Prepared for
Demand for social and affordable housing in WSCD area FINAL SEPTEMBER 2018 Prepared for NSW FHA SGS Economics and Planning Pty Ltd 2018 This report has been prepared for NSW FHA. SGS Economics and Planning
More informationThe Economic Impact of Short-Term Rentals In the State of Texas 2018 Update
The Economic Impact of Short-Term Rentals In the State of Texas 2018 Update Prepared by TXP, Inc. 1310 South 1st Street, Suite 105 Austin, Texas 78704 (512) 328-8300 www.txp.com Overview The popularity
More informationRegulatory Announcement RNS Number: RNS to insert number here Québec 27 November, 2017
ISSN 1718-836 Regulatory Announcement RNS Number: RNS to insert number here Québec 27 November, 2017 Re: Québec Excerpts from The Quebec Economic Plan November 2017 Update, Québec Public Accounts 2016-2017
More informationNEW ENTRANTS 300 (6.8%) EMPLOYMENT CHANGE
CONSTRUCTION & MAINTENANCE LOOKING FORWARD Prince Edward Island Steady non-residential growth follows the residential boom HIGHLIGHTS 2018 2027 Prince Edward Island s construction labour market has been
More informationEconomic accounts office
Economic accounts office 1 Compilation of : National Accounts Regional Accounts Quarterly Accounts Input-output Tables Satellite Account of: Health Accounts Cooperatives and Mutual Societies Accounts ICT
More informationECONOMIC DEVELOPMENT YEAR 1, UNIVERSITY OF WATERLOO THE NORTHERN ECONOMY 17 JUNE 2016, THUNDER BAY
6/7/216 ECONOMIC DEVELOPMENT YEAR 1, UNIVERSITY OF WATERLOO THE NORTHERN ECONOMY 17 JUNE 216, THUNDER BAY Overview Introduction to Northern Policy Institute GDP in the North Employment in the North Opportunities
More informationThe Economic Impact of the 2012 Alberta Cross Country Ski World Cup
The Economic Impact of the 2012 Alberta Cross Country Ski World Cup Event Dates: December 13, 15, & 16, 2012 Venue: Canmore Nordic Centre Canmore, Alberta, Canada Host Organization: Alberta World Cup Society
More informationA STRONGER RETIREMENT INCOME SYSTEM MEETING THE EXPECTATIONS OF QUEBECERS OF EVERY GENERATION
A STRONGER RETIREMENT INCOME SYSTEM MEETING THE EXPECTATIONS OF QUEBECERS OF EVERY GENERATION 100% This document is printed on completely recycled paper, made in Québec, contaning 100% post-consumer fibre
More informationCanada. How does Travel & Tourism compare to other sectors? GDP. Size. Share. Canada GDP Impact by Industry. Canada GDP Impact by Industry
Canada Niagara Falls in Ontario Agriculture Automotive Banking Chemicals Communications Education Financial Mining Other Service Manufacturing Manufacturing Services Retail (without wholesale) Whole How
More informationFor Information Only City of Greater Sudbury Outlook for Growth to 2046 Resolution
Presented To: Planning Committee For Information Only City of Greater Sudbury Outlook for Growth to 2046 Presented: Monday, Apr 09, 2018 Report Date Tuesday, Mar 20, 2018 Type: Managers' Reports Resolution
More informationECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENT 5-1
ECONOMIC DEVELOPMENT 5-1 ECONOMIC DEVELOPMENT Community Vision 2028 We understand that our commitments to our place and our community must be balanced with an equal dedication to a sustainable local economy.
More informationSituation Analysis Updated October 9th, 2012
Situation Analysis Updated October 9th, 2012 Three Step Approach Research Consultation Reporting Research Phase An objective evaluation of the structure of the regional economy Economic Base Analysis Demographic
More informationShort- Term Employment Growth Forecast (as at February 19, 2015)
Background According to Statistics Canada s Labour Force Survey records, employment conditions in Newfoundland and Labrador showed signs of weakening this past year. Having grown to a record level high
More informationAPPENDIX F. Port of Long Beach Pier S Labor Market Study. AECOM July 25, 2011
APPENDIX F Port of Long Beach Pier S Labor Market Study AECOM July 25, 2011 PORT OF LONG BEACH PIER S LABOR MARKET STUDY AECOM Economics Sustainable Economics Group July 26, 2011 DRAFT Table of Contents
More informationProjections for Palmerston North
1 Projections for Palmerston North 2006-2031 Draft for consultation Prepared by: Peter Crawford Jason Pilkington Kirsten Wierenga July 2008 1 2 Table of Contents Executive Summary 3 Introduction 6 Overview
More informationEconomic Analysis of Ontario
Economics / October 2018 Economic Analysis of Ontario Volume 9 Issue 5 ISSN: 0834-3980 Volume 37 Issue 2 May 2017 ISSN: 0834-3980 Ontario Economic Forecast Update 2018-2020 Highlights: Economic growth
More informationRegional Economic Outlook
2015 Regional Economic Outlook Northeast Region Presented by the Credit Unions of Ontario and the Ontario Chamber of Commerce 1 With employment expected to grow somewhat more quickly than the labour force,
More information2. Shifting patterns of fertility and mortality rates in Ontario will effect growth in Greater Sudbury.
Presented To: Planning Committee For Information Only Population, Household and Employment Land Projections for the City of Greater Sudbury Presented: Monday, May 27, 2013 Report Date Tuesday, May 14,
More informationMonthly Labour Force Survey Statistics November 2018
800 Monthly Labour Force Survey Statistics CALGARY CMA Table 282-0135 Labour force survey estimates (LFS), by census metropolitan area based on 2011 census boundaries, 3-month moving average, seasonally
More informationMonthly Labour Force Survey Statistics December 2018
800 Monthly Labour Force Survey Statistics CALGARY CMA Table 282-0135 Labour force survey estimates (LFS), by census metropolitan area based on 2011 census boundaries, 3-month moving average, seasonally
More informationNational and Regional Impact Report. Canadian Economic Impact Study 3.0 (CEIS 3.0), 2012 Base Year
National and Regional Impact Report Canadian Economic Impact Study 3.0 (CEIS 3.0), 2012 Base Year National and Regional Impact Report Canadian Economic Impact Study 3.0 (CEIS 3.0), 2012 Base Year Economic
More informationLabour Market Bulletin
Labour Market Bulletin Newfoundland and Labrador December 2016 This Labour Market Bulletin is a report providing an analysis of Labour Force Survey results for the province of Newfoundland and Labrador,
More informationHOUSING MARKET OUTLOOK Calgary CMA
H o u s i n g M a r k e t I n f o r m a t i o n HOUSING MARKET OUTLOOK Calgary CMA C a n a d a M o r t g a g e a n d H o u s i n g C o r p o r a t i o n Date Released: Spring 2013 Table of Contents NEW
More informationHer Majesty the Queen in Right of Canada (2017) All rights reserved
Her Majesty the Queen in Right of Canada (2017) All rights reserved All requests for permission to reproduce this document or any part thereof shall be addressed to the Department of Finance Canada. Cette
More informationCommunity and Economic Development
192 193 194 195 196 197 198 199 2 21 22 23 24 2-1 Lycoming County Comprehensive Plan Update 218 Community and Economic Development At a Glance Over the last ten years, has experienced a decline in population,
More informationThe Economic Impact of Travel on Massachusetts Counties 2016
The Economic Impact of Travel on Massachusetts Counties 2016 A Study Prepared for the Massachusetts Office of Travel and Tourism By the Research Department of the U.S. Travel Association Washington, D.C.
More informationTHE GROWTH OUTLOOK FOR THE GREATER GOLDEN HORSESHOE
THE GROWTH OUTLOOK FOR THE GREATER GOLDEN HORSESHOE Simcoe Grey Dufferin Wellington Peel Halton erth Waterloo Hamilton Oxford Brant Haldimand Norfolk Kawartha Peterborough Lakes Northumberland Durham York
More informationNova Scotia Retirements drive rising hiring requirements, despite muted growth outlook
CONSTRUCTION & MAINTENANCE LOOKING FORWARD Nova Scotia Retirements drive rising hiring requirements, despite muted growth outlook The Nova Scotia construction industry has seen significant expansion over
More informationInternational Monetary Fund Washington, D.C.
2005 International Monetary Fund June 2005 IMF Country Report No. 05/203 Kingdom of the Netherlands Aruba: Selected Issues and Statistical Appendix This Selected Issues paper and Statistical Appendix for
More informationThe labour force participation rate of Ontario youth remains well-below its historical average.
February 1, 1 Ontario Records Strong Labour Market Performance in 17 The Ontario economy created 1, net new jobs in 17, the largest annual job gain since 3, while the unemployment rate dropped to. per
More informationProvince of Manitoba. Economic Update
Province of Manitoba Economic Update Manitoba Finance: July 2018 1 Topics for Today Overview of the Manitoba Economy Recent Economic Performance Economic Indicators Population Labour Market Manufacturing
More informationCOLLEGE TRAVEL AND HOSPITALITY POLICY PROCEDURES
PROCEDURES RELATED TO TRAVEL AND HOSPITALITY POLICY: 1.0 Before Travelling Prior to requesting approval to travel, other options for meetings should be considered including audio and video conferencing.
More informationPresented by the Credit Unions of Ontario, the Ontario Chamber of Commerce, and the Hamilton Chamber of Commerce.
2015 Economic Outlook Hamilton Presented by the Credit Unions of Ontario, the Ontario Chamber of Commerce, and the Hamilton Chamber of Commerce. 1 The outlook for Hamilton is bright: the city will expand
More informationO N T A R I O TOWARD : Assessing Ontario s Long-Term Outlook
O N T A R I O TOWARD 2 0 2 5: Assessing Ontario s Long-Term Outlook M I N I S T R Y OF FIN A N C E General inquiries regarding Toward 2025: Assessing Ontario s Long-Term Outlook should be directed to:
More informationTownship of Muskoka Lakes
Interim Options Report Presentation March 18, 2013 Township of Muskoka Lakes What are current and emerging trends impacting the tourism industry in Muskoka? What is needed for successful resort development?
More informationEconomic Impacts of Suits
Economic Impacts of Suits Prepared for the Motion Picture Association Canada October 2015 TABLE OF CONTENTS Introduction... 2 Study Purpose... 2 Season 5 Production Spending... 3 Economic Impacts of Production
More informationSarnia-Lambton Economic Partnership Findings and Issues Report. Mellor Murray Consulting November 28, 2017 (Updated Jan 23, 2018)
Sarnia-Lambton Economic Partnership Findings and Issues Report Mellor Murray Consulting November 28, 2017 (Updated Jan 23, 2018) Contents Introduction... 2 The Strategic Planning Process... 2 Document
More informationThe Saskatchewan Labour Market
The Saskatchewan Labour Market Presentation to: Yorkton Employer Seminar February 12, 2004 Yorkton, Saskatchewan Doug Elliott Sask Trends Monitor 444 19th Avenue Regina, Saskatchewan S4N 1H1 Tel: 306-522-5515
More information