REM 300 Lecture Notes - Lecture 6: Economic Geography

• School: Ryerson University
• Department: Real Estate Management
• Course: REM 300
• Professor: David Scofield

Document Summary

Ontario economy: diversified economic base, generally good numbers for unemployment, gdp, stock market returns, productivity, growth in personal income, long period of low interest rates in canada, however ontario is not as strong as it once was. 30% not born in canada high level of immigration contributes to growth. Population growth highest in the gta compared to the rest of the province (now. 5. 6 million: aging populations due to large baby boomer cohort (people current aged about 50 to 68) 88% urbanized (in comparison, canada and the u. s. are about 81% urban, rate is generally higher in europe, 54% in china, 31% in india) Ontario: decades after the war, ontario incomes surpassed the national average by 10-20% In the last decade growth has slowed, income growth below national average, unemployment higher and the ontario debt has doubled largest non-sovereign debt in the world (even large than california)