Vancouver vs. Montreal: In 65 years, the former will pass the latter. (Dean Bere and Magnus Larsson/Wikimedia) Not long ago, Montreal was Canada’s leading city—its beating, bilingual heart.
Then things changed, and boy they changed quickly. Toronto passed Montreal in the early 1970s. Forty years later, the two cities are a league apart in terms of size. In another sixty or so years, history will repeat itself, this time with Vancouver. Based on my calculations, which I’ll get to in a minute, the two cities will be neck and neck by the 2070s. So, how did I come up with these numbers? Continue reading below From 2006 to 2011, the last time StatsCan reported figures, Vancouver grew by 9.3%, Montreal by 5.2%. To keep things simple, I applied only the latest census figures to get my estimate.
There are other uncertainties, as well, such as Canada’s immigration intake, which has been locked at roughly 250,000 for two decades. Suburban thrall: Montreal's expansion strategy will keep its economy competitive. For various reasons, Montreal has been losing economic ground to Toronto and other North American urban areas over the recent decades.
But this could be changing. Politics and infrastructure are combining to substantially improve the competitiveness of the Montreal region. In the Montreal area, as in all other urban areas in Western Europe and North America, nearly all employment and population growth has occurred in the suburbs for decades and the automobile has become the dominant mode of transportation. Suburbanization (pejoratively called "urban sprawl") has made it possible for unprecedented numbers of households to own their own homes and accumulate capital that otherwise would have simply enriched their landlords. The automobile has greatly improved mobility and the ability of people to take jobs throughout urban areas. In Canada and other high-income nations, some urban areas have adopted policies to limit suburbanization. Montreal’s economy lagging, study shows. Montreal is about to celebrate its 375th anniversary, but Quebec’s economic engine is not aging gracefully.
So alarming is its decline that a group of business leaders is pleading for urgent action. “Montreal has been slowly decelerating for 15 years, and now it shows. Another 10 years of this and we will be in clear and present danger,” said Jacques Ménard, chairman of BMO Nesbitt Burns and president of the Bank of Montreal in Quebec. “The ‘Quebec Model’ is not poverty,” he said, referring to the province’s social programs.
“Solidarity is nice – bravo! Montreal growth rate dips below national average - Montreal. New census data shows the population of the metropolitan area of Montreal fell below the national growth rate over the last five years, a period of time that saw the country spiral into the most serious economic tailspin since the Great Depression.
Statistics Canada released the first batch of numbers from the 2011 census on Wednesday and the population of what the government agency refers to as the census metropolitan area of Montreal increased by 5.2 per cent since the last census in 2006. The area's growth rate was below the national growth rate of 5.9 per cent, while the population of Quebec increased by 4.7 per cent. Census metropolitan areas do not conform to established municipal boundaries. Statistics Canada defines them as a metropolitan area with a population of at least 100,000, where the urban core of that area has at least 50,000 people.
MACROÉCONOMIE - Croissance économique. Le terme « croissance » désigne l'augmentation du volume de la production de biens et de services d'une année sur l'autre.
Les chroniqueurs économiques parlent ainsi d'accélération ou de ralentissement de la croissance pour caractériser une année particulière. Toutefois, les économistes préfèrent réserver le terme de croissance à une augmentation tendancielle de la production par tête, qui entraîne sur une longue période une multiplication du volume de biens et de services disponibles en moyenne pour un habitant d'un pays. Croissance. Augmentation, sur une longue période, des principales dimensions caractéristiques de l'activité d'un ensemble économique et social (notamment de la production nationale des biens et des services), accompagnée ou non d'une transformation des structures de cet ensemble.
(L'indicateur le plus couramment utilisé pour mesurer la croissance est le produit intérieur brut [P.I.B.], ou le produit national brut [P.N.B.], calculé en prix constants pour éliminer les effets de l'inflation.) La science économique s'efforce d'analyser la croissance en s'appuyant sur un système de relations durables des principaux agrégats économiques (production, revenu, dépense, etc.). Encyclopedia Britannica. Economic growth, the process by which a nation’s wealth increases over time.
Although the term is often used in discussions of short-term economic performance, in the context of economic theory it generally refers to an increase in wealth over an extended period. Growth can best be described as a process of transformation. Whether one examines an economy that is already modern and industrialized or an economy at an earlier stage of development, one finds that the process of growth is uneven and unbalanced.