Canada

One of the principal advances of the past two centuries has been the drastic reduction in poverty and the rise of a large middle-class, a process expertly detailed by economists Diedre McClosky and Robert Gordon.  read more »

Australia continues to benefit from China’s rise, though few countries are more threatened by its expanding power. Once closely tied to the British Commonwealth, and later to the United States, the Australian subcontinent, with only 24 million people, now relies on China for one-third of its trade—more than with Japan and the U.S. combined. Australia’s major economic sectors rely on Chinese support; investors poured in $17.4 billion in 2017.   read more »

As a recently released Organization for International Cooperation and Development (OECD) noted, house prices have been generally rising far in excess of incomes in a number of nations (Under Pressure: The Squeezed Middle Class). OECD finds that these rapidly rising house prices have been a principal contributorto rising cost of living that has already resulted in economic reversals for the middle-class.  read more »

Countries have broken up for very serious reasons like slavery, religious differences and ethnic tensions. But, so far, never in history has a country been at risk of breaking up because of a harmless gas – carbon-dioxide. Canada could, thanks to an ideologically-driven federal government.  read more »

A new poll by Sotheby’s International Realty suggests substantial disappointment among Canada’s young urban families, unable to afford to purchase the types of houses that they prefer. The poll determined that young urban households in Canada strongly prefer detached houses, but they are often “motivated by (financial) necessity to purchases houses, especially condominiums, they do not prefer."  read more »

In the 50 plus years since Jane Jacobs coined the phrase “eyes on the street”, most planners have taken it as an article of faith. After all, some argue, it is common sense. But as we found out when looking at complex, self-organising systems such as cities, common sense is woefully inadequate to explain, let alone predict, outcomes.  read more »

Statistics Canada has just released the employment access data out of the 2016 Census, based on the main mode of commuting. Generally, there is little change between the modes, as Figure 1 indicates, compared to the 2011 Census results. (See: New Data on Commuting in Canada).  read more »

Households could face even greater housing affordability challenges in the years to come, according to the September 2017 RBC Economics (RBC) Housing Trends and Affordability report.  read more »

The Globe and Mail, a Canadian national newspaper, reports concerns raised by Magna International, Inc. that proposed provincial labor legislation (the “Fair Workplaces Better Jobs Act”) could result in seriously reduced economic competitiveness for Ontario, Canada’s most populous province (“Magna says new Ontario labour bill threatens jobs, investment”).  read more »

The latest Statistics Canada data indicates that people are leaving Toronto and Montréal in large numbers since the 2011 census. Even so, both metropolitan areas continued to grow through the 2016 census as a result of net international migration and the natural increase of births over deaths (Figure 1). It turns out that Canada’s urban pattern is much more like that of the US, as well as other high-income countries, than many may suppose.  read more »