Comment 119757

By ASmith (registered) | Posted July 31, 2016 at 14:31:59

"Cities are the main engines of economic development, and a combination of strategic infrastructure and sound policy unlocks the unique power of cities to multiply human ingenuity and productivity by bringing people into productive contact and leveraging the essential urban economies of scale, agglomeration, density, association and extension."

Since Feb 2005, when Ontario's Greenbelt legislation was enacted, Canada's (which Ontario GDP accounts for approx 38% of) productivity has averaged 0.72%/annum. In the 11 years prior to the pro-urban Greenbelt legislation, Canada's productivity averaged 1.53%.

Between 1994-2005, the number of people employed in Canada increased by 2.05%/annum. After 2005, it has averaged 1.1%.

From 1994-2005, public debt fell from 98%/gdp to 73%/gdp. It's now at 92%. While household debt did increase from 58%/gdp to 67.5%/gdp from 1994-2005, it has since climbed to 97.6%/gdp. If you combine public + household debt/gdp, we see that it fell from 156%/gdp to 140.5% between 1994-2005. After the Greenbelt became law, it has since climbed to 189.6%/gdp.

Where are the actual stats that show pro-urban (anti-free market) laws make our economy more productive?

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