1. York Region Economic Overview and Economic Indicators January 12, 2011

2. Planning & Economic Development Committee / January 12, 2011 Contents 3York Region’s Economy 8 Global GDP Economic Trends 10Key Economic Indicators 16National & Ontario Building Permits 17York Region Building Permits 21National & Ontario Employment 22York Region Advertised Job Postings 25 National & Toronto Home Re-sales 26 York Region Home Re-sales 27 Bank of Canada GDP Forecasts Slide 2

3. Planning & Economic Development Committee / January 12, 2011 York Region’s Economy Prince Edward Island4,167 Newfoundland and Labrador20,186 New Brunswick23,392 Nova Scotia28,969 Saskatchewan41,434 Manitoba42,057 Slide 3 Real Gross Domestic Product 2008 ($Millions) Source: York Region Planning and Development Services, 2010; Statistics Canada, CANSIM, table 384-0002 British Columbia164,869 Alberta186,528 Quebec268,406 Ontario528,635 York Region43,861

4. Planning & Economic Development Committee / January 12, 2011 Key Sectors Source: York Region Planning and Development Services, 2010 Slide 4 York Region Industry Sectors by 2009 (# Employed)

5. Planning & Economic Development Committee / January 12, 2011 Top 10 Private Sector Employers Name # of EmployeesIndustry Description 1 IBM Canada Inc.8600Computer systems design and related services 2 Magna International Inc.7000Manufacturer of automotive components and systems 3 AMEX Canada Ltd.4100Management consulting services 4 Canada's Wonderland3650Amusement and theme parks 5 CGI Information Systems2000Information technology and business process services 6 United Parcel Service Canada Ltd. 1900Couriers 7 AMD Technologies1750Computer and peripheral equipment manufacturing 8 TD Waterhouse Inc.1650Banking 9 Royal Group Inc.1500 Manufactures of home improvement, consumer & construction products 10 The Miller Group1350 Road construction engineering services, paving & manufacture asphalt Source: York Region Planning and Development Services, 2010 Slide 5

6. Planning & Economic Development Committee / January 12, 2011 Slide 6 Global GDP Economic Trends Source: International Monetary Fund, World Economic Outlook Database Real Gross Domestic Product (annual % change) 1980 – 2009 Canada, Japan, UK, US

7. Planning & Economic Development Committee / January 12, 2011 Slide 7 Global GDP Economic Trends Source: International Monetary Fund, World Economic Outlook Database Real Gross Domestic Product (annual % change) 1980 – 2009 Brazil, Russia, India, China

8. Planning & Economic Development Committee / January 12, 2011 Slide 8 Global GDP Economic Trends Source: Organisation for Economic Co-Operative Development Real Gross Domestic Product (quarterly) 2008-2010 Canada, Japan, UK, US

9. Planning & Economic Development Committee / January 12, 2011 Slide 9 Understanding GDP Reporting GDP is sometimes reported in different ways, making it difficult to accurately understand news reports. Here is a summary of the differences, and what we use here: TypeMeaningWhat we UseExample: Canada’s Real GDP Q4 2009 Change Change in growth rate from one period to the next Seasonally adjusted at annual rates, chained (2002) dollars This is what most news reports refer to. We use these values to look at Global GDP Economic Trends (Slides 2-4) 1.2 Annualized Change Growth rate compounded annually Annual rates, chained (2002) dollars This is how the Bank of Canada reports their projections. They give Q/Q and Y/Y at annualized rates 3.0 Year-over-year Change Growth rate of a given quarter compared with the same quarter in a previous year This is how some of the BRIC / less developed countries will do their reporting -1.2

10. Planning & Economic Development Committee / January 12, 2011 Slide 10 World Oil Prices Source: Energy Administration Information Weekly World Oil Prices ($US per barrel) 2000 – 2010 Oct 29, 2010 $79.54

11. Planning & Economic Development Committee / January 12, 2011 Slide 11 US Employment Trends Source: US Bureau of Economic Research US Employment Trends (thousands of jobs) 2008 – 2010 Oct 2010 139.1 M *6.9 M jobs lost vs. May 08

12. Planning & Economic Development Committee / January 12, 2011 Slide 12 US Home Re-sales Source: US Real Estate Association US Quarterly Home Re-sales (quarterly % change vs. YA) 2008 – 2010 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2008 2009 2010

13. Planning & Economic Development Committee / January 12, 2011 Slide 13 US / Canada Trade Indicators Source: US Bureau of Economic Research US Exports to and Imports from Canada ($US M) 2009 – 2010 Oct 2010 Exports +18% VYA Imports +10% VYA

14. Planning & Economic Development Committee / January 12, 2011 Slide 14 Canada / US Exchange Rates Source: Statistics Canada Monthly Exchange Rates (CND buys USD) 1980 – 2010 Oct 2010 0.982 (14 day average)

15. Planning & Economic Development Committee / January 12, 2011 Slide 15 Canadian Interest Rates Source: Bank of Canada Average Canadian Interest Rates (Bank of Canada Short Term rates) 1980 – 2010 Oct 2010 1.25 Actual Forecasts

16. Planning & Economic Development Committee / January 12, 2011 Slide 16 National & Ontario Building Permits Source: Statistics Canada Value of Building Permits (seasonally adjusted % change vs. previous period) 2008 – 2010 CanadaOntario Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2008 2009 2010

17. Planning & Economic Development Committee / January 12, 2011 Slide 17 National & Ontario New Housing Quarterly New Home Starts (units, 000s) 2008 - 2010 Source: CMHC Note: Data is seasonally adjusted and annualized +4.5% VYA +5% VYA

18. Planning & Economic Development Committee / January 12, 2011 York Region New Housing Building Permits Issued for New Dwellings 1985-2010 Source: York Region, Long Range & Strategic Planning

19. Planning & Economic Development Committee / January 12, 2011 Slide 19 York Region Building Permits Total Value of Building Permits ($M) 2008 – 2010 Source: York Region, Long Range & Strategic Planning

20. Planning & Economic Development Committee / January 12, 2011 Slide 20 Building Permits by Municipality Q3 2010Residential ($M)ICI ($M)Total ($M)%VYA Aurora$19.4$3.4$22.8-63% East Gwillimbury$12.7$28.2$40.9204% Georgina$12.9$9.5$22.4164% King$20.3$0.3$20.644% Markham$116.2$64.6$180.834% Newmarket$10.7$4.1$14.8-60% Richmond Hill$93.9$45.3$139.270% Vaughan$223.1$69.0$292.1-25% Whitchurch Stouffville$29.8$3.4$33.2-38% Total York Region$539.0$227.7$766.7-4% Source: York Region and Local Municipalities

21. Planning & Economic Development Committee / January 12, 2011 York Region New Dwellings Residential Building Permits Issued for New Dwelling (Units) 2008-2010 Slide 21

22. Planning & Economic Development Committee / January 12, 2011 Slide 22 National & Ontario Employment Employment (seasonally adjusted # jobs ‘000 vs. previous period) 2008 – 2010 Source: Statistics Canada CanadaOntario Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2008 2009 2010

23. Planning & Economic Development Committee / January 12, 2011 York Region Employment Growth York Region Annual Surveyed Employment Growth (2001 to 2010, Mid-Year to Mid-Year ) Source: York Region Planning & Development Services Department, Annual Employment Survey Note: Total excludes home and farm-based employment. *Projection Source: Statistics Canada

24. Planning & Economic Development Committee / January 12, 2011 Slide 24 York Region Advertised Job Postings Total Job Postings (# jobs) 2008 – 2010 Source: York Region

25. Planning & Economic Development Committee / January 12, 2011 Slide 25 Advertised Job Postings by Municipality Q3 2009Q3 2010 Aurora490643 East Gwillimbury1216 Georgina6350 King7380 Markham3,5503,920 Newmarket9911,248 Richmond Hill1,4511,665 Vaughan1,2592,008 Whitchurch Stouffville72124 Total York Region9,29910,585 Source: York Region

26. Planning & Economic Development Committee / January 12, 2011 Slide 26 National & Toronto Home Re-sales Sources: CMHC, CREA and TREB MLS Home Re-sales (% change vs. YA) 2009 – 2010 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2009 2010 2009 2010 Canada Toronto CMA

27. Planning & Economic Development Committee / January 12, 2011 Slide 27 York Region Home Re-sales Total Home Re-sales (units) 2008 – 2010 Source: TREB MLS

28. Planning & Economic Development Committee / January 12, 2011 Slide 28 Home Re-sales by Municipality Q3 2009Q3 2010 Aurora294180 East Gwillimbury9286 Georgina219190 King5637 Markham1,431971 Newmarket393284 Richmond Hill1,391888 Vaughan1,020694 Whitchurch Stouffville175148 Total York Region5,0713,478 Source: TREB MLS

29. Planning & Economic Development Committee / January 12, 2011 Slide 29 Bank of Canada GDP Forecasts Source: Statistics Canada and Bank of Canada Monetary Policy Report Note: Bank of Canada reports quarter-to-quarter percentage growth at annual rates Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2008 2009 2010 2011 Actual Forecasts Canadian GDP Growth (quarterly % change vs. previous quarter) 2008 – 2011