Added stats on the "Big 3" Malls under a new heading of Retail...Cadillac Fairview recently came out with a beautiful new website filled with lots of nice graphics and interesting stats...so I figured I would bring the local highlights.
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Nice timing with those mall stats, just as 2 of the malls change ownership.
Should be interesting to see how they change in the coming years I'm sure. |
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Here is a scary statistic for you:
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Scary, but expected. The province should celebrate with a second Moncton High School relocation -- to Fredericton. A good afterparty would be another round of business park expansion proposals, to ensure the downtowns of 'The Big 3' never grow. (Don't forget even more highways!) If the party bill can't be paid: just blame the francophones. |
It's not all doom and gloom q12, the unemployment rate in Moncton fell to 7.1% from 7.2% and remains below the national average, but thanks for your concern.
In fact, since the Moncton economic region includes all of southeastern NB, including rural Kent County, I would wager that the unemployment rate for the Moncton CMA is considerably less than 7.1%, more likely in the 5.0-5.5% range. The big issue is the stubborn provincial deficit, thanks mostly to the disastrous Shawn Graham government. To slay this beast will require reigning in government spending which will in turn mean even less economic growth. It's a vicious circle. :( |
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A O.1% difference in one city... The province is saved... Quote:
It is also a fallacy that a reduction of government spending slows growth, especially when a balanced approach is taken. Basically, this province needs to get its priorities in order. - Stop with the absurd amount of corporate welfare. - Stop sprawling as though you miss the 1960's. - Implement tax reform for all municipalities. If the suburbanites care at all about saving their jobs, then they need to pay more in taxes to help repair the damage they helped to create by bloating New Brunswick's infrastructure debt. And most importantly, stop obsessing over retail updates, adopt critical thinking, and start talking about substantive issues. |
Eww. That's significantly worse than the also-pretty-bad NS deficit of $249M!
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Halifax's unemployment is doing well though: down to 5.4%. |
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My broader concerns include provincial debt, however. With climbing debt, investments become less likely -- such as Moncton's downtown events centre. |
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In the context of Moncton's events centre, federal funding in unlikely to happen because Moncton's downtown is accelerating its de-centralisation; the most recent examples are the MHS relocation and Trinity Power Centre expansions. It doesn't make business sense for the feds to throw money at the construction of a downtown events centre, only to have to subsidise it to remain open in subsequent years... Though I'm hopeful these outcomes will change, I don't think an events centre in Moncton, nor a stadium in Halifax, are likely in the near future. Both provinces has unsatisfactory amounts of debt. |
Hmmm... I think you give the Feds too much credit on studying that kind of thing. They've blown money on longer shots before. :D
Oh well, I guess time will tell then in whether or not Moncton can get out of the starting blocks on that project and whether Halifax can get off the couch with theirs. |
Back on topic... nice interactive graph:
http://www.cbc.ca/nb/interactives/employment/ Holy seasonal influences, Batman. Look at those peaks and valleys. |
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Campbellton-Miramichi went up to 16.1% from 14.6%. Western Newfoundland and Northern NB have the highest unemployment rates in the country. What's most important is to factor in participation rates, as well. |
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Obviously the Moncton/Halifax Corridor is the place to go in the Maritimes for jobs right now. Here are the numbers for the Maritimes (unemployed/Labour force). - Nova Scotia 46,200/503,600 9.17% - New Brunswick 45,800/395,200 11.59% - Prince Edward Island 9,600/81,900 11.72% The Maritimes combined as one province: 101,600/980,700 10.36% :previous: This is the number together as the Maritimes we want to get below 10% :tup: |
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To be frank, culturally, I very much prefer Moncton to Halifax. I love how Canadian the entire Codiac area is, with an historical blend of French and English that you simply cannot find anywhere else -- not even in Central Canada!! Chiac, for instance, is a uniquely Canadian dialect of both languages, not found anywhere else in the world. I want the Moncton area to become stronger competition for Halifax. JOBS and the obtainment of new industries is only part of the equation to growth. Cities must also be appealing to the lifestyles of today's youth: what they are demanding, and what they can afford. I see this as being less viable for the Moncton area in the future because its sprawled infrastructure leaves it compromised to developing adequate core developments -- residentially, commercially, and in terms of forms of entertainment (with suitable public transit options) -- to attract younger working demographics. A vast majority of Moncton's youth simply aren't staying in the area. This slows municipal growth, which then slows the attraction of new industries and jobs. Quote:
I wish the towns and villages of the Maritimes could have their developments directed inward to benefit of the municipalities in which they exist. I would be in favour of some form of stimulus spending for municipalities that still have potential to attract youth. Unfortunately, most people with whom I've spoken about non-cities in the Maritimes seem to carry the attitude that towns and villages in the entire region are basically a lost cause and it's only a matter of time before they die out. |
With the busiest part of the construction season wrapping up I decided to do a table...this is more of a Nationwide table...but it shows a bit where we stand in the Atlantic Region.
I did up some per capita numbers for Building Permit Values Jan-Aug 2012. (just came out today) Basically it shows how much money was spent on construction per person in the respective CMAs. I like to do these types of tables because it breaks things down to a comparable level to see how a city is doing compared to another regardless of size. 1 - Saskatoon - 3510 2 - Calgary - 3092 3 - Regina - 2845 4 - St. Johns - 2792 ------------(550M$ / 197,000) 5 - Edmonton - 2731 6 - Vancouver - 2100 7 - Toronto - 1953 8 - Hamilton - 1642 9 - Moncton - 1640 -------------(227M$ / 139,000) 10 - Saguenay - 1624 11 - Oshawa - 1620 12 - Thunder Bay - 1610 13 - Halifax - 1606 --------------(627M$ / 390,000) 14 - Sherbrooke - 1591 15 - London - 1500 16 - Ottawa - 1477 17 - Kitchener-Waterloo - 1476 18 - Guelph - 1452 19 - Trois-Rivieres - 1450 20 - Winnipeg - 1396 21 - Montreal - 1336 22 - Windsor - 1287 23 - Victoria - 1250 24 - Kelowna - 1180 25 - Kingston - 1119 26 - Brantford - 1113 27 - Quebec - 1106 28 - Peterborough - 1061 29 - Saint John - 936 -----------(120M$ /128,000) 30 - Barrie - 878 31 - St. Catharines-Niagara - 849 32 - Sudbury - 784 33 - Abbotsford - 693 Biggest surprise for me is St. Johns...they are on fire right now! Up there with all the western oil boom towns :) |
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Indeed. St. John's is actually in spitting distance of Halifax in terms of absolute dollar value for building permits issued, despite the fact that Halifax is twice as large. Halifax had better watch out! :) It's good to see three of the four Atlantic CMA's well in the top half of all Canadian CMA's in terms of building permit value per capita. The larger cities in the region are all doing well. Now, if only we could kick start the rural hinterland as well....... |
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