Analyzing Marmora’s Economy
Appendix B Purpose
• To provide an overview of the local economy • Highlight local trends and put them in context (population, retail) • To provide background for the other market analysis information Population Change 1996 to 2001
7.0% 6.1% 6.0%
5.0%
4.0% 2.9% 3.0%
2.0%
1.0%
0.0% -0.1% -1.0% Ontario Hastings Marmora
Population in 2001 Source: Statistics Canada, 2001 Ontario Hastings County Marmora & Lake Township 11,410,046 125,915 3,985 Population Change 2006 to 2031 (if current trends continue) 30.0%
25.0%
20.0%
15.0% Ontario 27%
10.0%
5.0% Hastings 13%
0.0%
0 2 6 2 8 01 01 014 01 02 026 02 2006 2008 2 2 2 2 2018 2020 2 2024 2 2 2030
Hastings Ontario Source: Ministry of Finance, 2005
The population of County of Hastings is projected to increase by 13% from 134,390 to 152,750 Labour Force Change 1996 to 2001
14.0% 12.5%
12.0%
10.0%
8.0% 6.4% 6.0%
4.0%
2.0% 0.7%
0.0% Ontario Hastings Marmora
Labour Force in 2001 Ontario Hastings County Marmora Township 5,252,740 56,975 1,415
Source: Statistics Canada, 2001 Marmora’s Resident Labour Force
Mining, quarrying and oil w ell industries
Government service industries
Finance insurance and real estate industries
Wholesale trade industries
Other service industries
Agricultural and related service industries
Educational service industries
Business service industries
Communication and other utility industries
Construction industries
Accommodation, food and beverage industries
Transportation and storage industries
Health and social service industries
Manufacturing industries
Retail trade industries
0 50 100 150 200 250 300
Jobs in Marmora TP Resident Labour Force Marmora TP Marmora’s Top 5 sectors by Local Jobs Sectors %
Total Local Jobs 745
Retail trade industries 18%
Educational service industries 18%
Health and social service 16% industries Accommodation, food and 9% beverage service industries Agricultural and related service 7% industries Source: Statistics Canada, 2001 70% of Marmora’s labour leave the community for work
Daily Commuting Flow
Bancroft Stirling-Rawdon Peterborough Oshawa Mississauga Madoc Havelock-Belmont Campbellford/Seymour Belleville Quinte West 0 50 100 150 200 250 300
Source: Statistics Canada, 2001 Origin of Marmora Workers
Tudor and Cashel
Stirling-Rawdon
Marmora
Madoc
Havelock-Belmont
Centre Hastings
Campbellford/Seymour
0 50 100 150 200 250 300
Source: Statistics Canada, 2001 Median Income in 2001 $24,816 $25,000
$20,135 $20,000
$15,570 $15,000
$10,000
$5,000
$0 Ontario Hastings Marmora
Source: Statistics Canada, 2001 Canadian Retail Trends % of Total Retail Spending % cha nge % cha nge Sales 2004 in 2004 2000 to 2002 2002 to 2004 Total $93,297,793 100% 11.2% 11.0% Food and Beverage $30,389,624 32.6% 7.4% 11.2% Drugs (prescription and over-the-counter), vitamins and other health supplements $4,652,555 5.0% 24.8% 21.5% Clothing $13,218,760 14.2% 5.9% 4.6% Home furnishings & electronics $14,002,161 15.0% 14.2% 13.1% Housew ares $4,152,041 4.5% 10.1% 5.9% Hardw are, Law n & Garden $3,791,860 4.1% 8.9% 16.1% Sporting goods & Leisure $3,100,164 3.3% 13.3% 8.4% Pre-recorded CDs, DVDs, and video and audio tapes $1,123,858 1.2% 21.1% 21.4% Books, new spapers and other periodicals $436,619 0.5% 7.7% 5.8% Automotive fuels, oils and additives $2,411,072 2.6% 12.8% 27.9% Tobacco products and supplies $2,500,591 2.7% 19.7% 3.7% Source: Statistics Canada, 2005 Regional Competition Source: Statistics Canada, SARTRE Data, 2005 Forward Retail Sales 2000 Retail Sales 2002 % Change Pull Factor Sortation (000) (000) Area K0K $414,440 $413,982 -0.1% 0.3 Ontario $114,290,470 $129,430,251 12% N/A