Quote:
Originally Posted by Acajack
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I do think you have to take into account when talking about economic growth for Quebec and Montreal is the fact that both cities were on the rebound. The PQ and the referendums made the entire 70s to 90s growth for those cities take a pounding. Once the threats were over, those 2 were simply regaining much of the ground they had lost.
That said, there are 2 main takeaways from those stats:
1} Rapid population growth is not a requirement for growing an economy.
2} Probably even more importantly, quality of life is essential for economic growth. When you can offer your current and new citizens a pleasant, livable, safe, and affordable urban environment. It is easier to attract and keep your highly skilled workers and businesses are more likely to invest in those workers if they know they will be sticking around for the long haul as opposed to continually being on the look out for new jobs because their rent/mortgage just skyrocketed, they are about to be renovicted, their kids move away because they have no economic future in your hyper expensive city, or their city has become too dangerous.
In short, investments in social infrastructure, livable and affordable housing, and a pleasant urban environment is not just a quality of life issue but fundamental to economic vitality and sustainability.
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