On a simplest level, population trends tend to mirror employment trends at the community or regional levels. Communities experiencing sustained job growth are likely to also experience a net in-migration of workers or new hires. At the opposite end, long lasting periods of economic stagnation tends to lead to persistent outmigration of population especially younger working-age people, a result experienced by several smaller communities and rural areas in Eastern Ontario. Continue reading
The City of Ottawa’s Economic Strategy 2015 Update known as Partnerships for Innovation has its vision to be a leader in innovation for economic prosperity. This vision statement is based on the following assessment:
Today’s economy is global, competitive, and rapidly evolving through technology and innovation. To excel and outperform, municipalities are proactively investing in economic development initiatives that encourage investment attraction and business expansion and retention, foster entrepreneurship and innovation, strengthen tourism, and provide the necessary tools and research to make informed decisions.
The City’s Economic Strategy is also derived from the argument that Ottawa’s dependency on the federal government has in fact discouraged new investment on the part of private industry and indeed, has created a situation where the local economy is in imminent peril because of its downsizing and spending cuts.
Mayor Watson seemed to be impressed when the prestigious fDi Magazine selected Ottawa as the most “Business Friendly” mid-sized city in the Western Hemisphere. Invest Ottawa was also excited about the news and sent its Vice-President along with Councillor Stephen Blais to Anchorage Alaska to pick up the award at the International Economic Development ceremony.
Not only was it the most Business Friendly mid-sized city, Ottawa was also beat out by only Raleigh, North Carolina and Oakland, California as the overall top mid-sized “City of the Future”. Brampton was the only other Canadian city making the overall top 10 in the mid-size category coming in at number 9. Continue reading
In this blog, I compare Eastern Ontario’s job performance in the new millennium with the rest of Southern Ontario with a particular interest in seeing how resilient the regional job market has been following the Great Recession. With the exception of Ottawa and Kingston, Eastern Ontario has historically lagged behind the rest of Southern Ontario and continues to face economic challenges in terms of plant closures in traditional manufacturing industries and out-migration of younger workers in search of jobs outside their communities for example.
Many decades ago when I was a grad student at McMaster University, my research was focused on regional development and growth poles. Growth pole theory was a very popular topic in those days in both the academic world as well as in public sector regional development policy. The thinking behind growth pole strategies was, very simply, to deliberately channel growth and investment in a few selected centres, which would then have a positive economic impact on the surrounding lagging regions or hinterland through various “spread” or “spillover” or “trickle down” effects. Growth pole theory was fundamental to the approach undertaken by, for example, the federal government Department of Regional Economic Expansion (DREE) created by the Trudeau government in 1969. Growth pole initiatives however, were abandoned in the 1970’s and deemed as failures in most countries, largely because they failed to generate the spillover effects predicted by the theory. DREE was disbanded in 1982. Continue reading
Ever since the Queen Victoria’s selection of Ottawa as the Capital of the United Province of Canada, economic diversification has appeared as a rallying cry on the part of local public and business representatives. In 1906, Mayor Ellis laid out the challenge that “the time has come when Ottawa must decide whether it is for all time to be simply the seat of Government and a Departmental City, or whether it not become also an industrial centre” with its excellent “rail facilities and unrivalled water power” (City of Ottawa Council Minutes 1906). Continue reading
The general aim of this posting is to examine if proximity to social housing projects located in the inner city neighbourhoods of Ottawa comprised of Centretown, Sandy Hill and Lowertown has a potential negative market impact on downtown condominium projects. My analysis here is similar to the objective of my previous blog on Thorncliffe Village where I examined whether or not the close proximity of ownership townhomes to social housing had a negative impact on their resale market performance.
The housing market in Ottawa’s inner city neighbourhoods, as in other large Canadian cities, has experienced quite dramatic changes in terms of its demographics and real estate development trends in recent years. Continue reading