04-15-2024, 10:58 AM
Unemployment data a short search away...
Ontario unemployment is 6.8% - higher than several years preceding the pandemic and up ~1% over the last year - which I would not deem ideal and trending well in aggregate. Within those numbers is also a continued loss in manufacturing and professional sci/tech, which I don't know the exact nature of this buyer but one can guess based on the land and location needs its not in the retail and financial sectors.
I'm open to the argument that, like our suburban residential, the building standards and sprawl of industry/warehousing could and maybe should be contained. A country of less land availability would need to find ways to innovate and densify those uses too and the lack of ease to incorporate employment lands into transit is an issue to getting more people off the roads.
All that to say that I think Canada has a major challenge ahead in keeping the economic engine running. We've lost a step in growth and competition and accommodating another anchor employer in the region seems good. What would the perspective be 30 years from now, equivalent to the time TMMC has been in the region? There are many businesses and their employees who would count that economic driver as critical to their quality of life and wellbeing, as well as our tax base.
Ontario unemployment is 6.8% - higher than several years preceding the pandemic and up ~1% over the last year - which I would not deem ideal and trending well in aggregate. Within those numbers is also a continued loss in manufacturing and professional sci/tech, which I don't know the exact nature of this buyer but one can guess based on the land and location needs its not in the retail and financial sectors.
I'm open to the argument that, like our suburban residential, the building standards and sprawl of industry/warehousing could and maybe should be contained. A country of less land availability would need to find ways to innovate and densify those uses too and the lack of ease to incorporate employment lands into transit is an issue to getting more people off the roads.
All that to say that I think Canada has a major challenge ahead in keeping the economic engine running. We've lost a step in growth and competition and accommodating another anchor employer in the region seems good. What would the perspective be 30 years from now, equivalent to the time TMMC has been in the region? There are many businesses and their employees who would count that economic driver as critical to their quality of life and wellbeing, as well as our tax base.