Setting the Context


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From the Saskatoon Regional Growth Summit, President &CEO of SREDA Tim LeClair

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Setting the Context

  1. 1. Setting the Context Top of Mind Elements Follow: @YXERegion #yxesummit
  2. 2. Challenges of Growth • New Normal – Averaged 4.5% growth over the last 10 years – Forecasted to grow by 5.2 % in 2013 • Demographics – Growing at 3+% year over year • Job Growth – Added 11,000 private sector jobs since 3Q of 2012 Follow: @YXERegion #yxesummit
  3. 3. Challenges of Growth • Investment is good, Growth Is good....but... • All Jurisdictions are feeling the pressure: – Core Infrastructure (provincial infrastructure deficit has been pegged at 3.2 Billion – that is just to catch up – how then do we keep up? – Health and Education – Housing – Housing Needs Assessment Follow: @YXERegion #yxesummit
  4. 4. Regional Housing Demand • By 2023, there will be an additional 18,691 people, living in the SREDA region, excluding Saskatoon. • This is an increase of 40% over 2011 • Regional housing demand expand by 5,790 housing units based on 2023 medium economic growth scenario – Includes rental, single family and multi-family condos – High & Low growth scenarios are 8,960 units & 5380 units, respectively • Approximately 40% of new people will choose to live on RM acreages, 60% in communities Follow: @YXERegion #yxesummit
  5. 5. Regional Housing Demand • With continued high wages in the mining and construction sectors, 80% of new demand will be market priced housing • 20% of new demand will require incentives or funding – 150 new entry level units will require incentives to builders • HeadStart on a Home, tax abatement, below cost lots, etc. – 995 new social and affordable multi-family units (mainly rental) will need direct government funding • Senior population (65+) will expand by 2,900 by 2023, a 45% increase. – New seniors housing is a priority across the region – Seniors will gravitate to communities with health centres and support services – Seniors moving into condos and assisted living complexes boosts the supply of pre-owned houses on the market Follow: @YXERegion #yxesummit
  6. 6. Municipal Readiness • Most municipalities have the necessary community, zoning and bylaws in place • Some urban municipalities need to upgrade water/sewage systems • Regionally, there is an ample supply of lots available to satisfy future housing demands • Municipalities should consider collaborating on a regional housing supply plan that would: – Promote housing development across the housing continuum, including senior and affordable units – Prepare to engage senior levels of government to support regional housing needs – Engage with developers to plan for future housing supply and to improve the efficiency of the development approval process Follow: @YXERegion #yxesummit
  7. 7. Context • Regional impacts and opportunities • Readiness means: – Growing forward together - One voice • Tactical • Prepared • Egs: the SREDA view – Project site selection – Development limitations continue • What is the plan? • How do we move forward? Follow: @YXERegion #yxesummit
  8. 8. Context • Lessons Learned – What we will hear • Setting our own Regional Agenda • Private Sector Impacts – Need for balance and rational structures for both Government and Business. Follow: @YXERegion #yxesummit
  9. 9. Cities Study • CMS Overview - Doug McNair Follow: @YXERegion #yxesummit
  10. 10. Sustaining Saskatchewan’s Growth Growth, Attitude and Action Institute of Certified Management Consultants of Saskatchewan In Cooperation with the Johnson Shoyama Graduate School of Public Policy
  11. 11. Saskatchewan: Demand for exports drives investment Change in Share of Canada’s Exports World wants what we have 2003 = 100 300 250 200 150 100 50 0 Global opportunities within our reach Ont Man 2003 Sask Alta BC 2003 2012 Source: Statistics Canada The place to invest
  12. 12. Saskatchewan: Unprecedented growth • Saskatchewan and Alberta leaders in economic growth since 2009 • Economic drivers have been natural resource production and exports and construction activity from high levels of capital investment
  13. 13. Saskatchewan: Income levels have grown • Incomes have grown steadily since 2000, most dramatic since 2005 • Highest incomes in Saskatchewan are in Estevan, Regina and Saskatoon
  14. 14. Saskatchewan: Employment has grown • Saskatoon and Regina employment growth amongst the strongest in Canada over the past 5 years
  15. 15. Saskatchewan: Return to positive attitudes 1905 2013 Building together Regional communities Cooperation for win/win Land of opportunity World wants what we have Outward looking, confidence in the future Global opportunities within our reach Innovative Entrepreneurial Welcoming immigration International Immigration driving population growth Outlook of abundance Population growth Create a better life The place to invest Population growth resumed A prosperous future
  16. 16. Saskatchewan: Residents believe the future is bright Source: Praxis Analytics 2013 household survey • 85% of residents think the Saskatchewan economy will continue to be strong in the next 4 years
  17. 17. Saskatchewan: Population growth in the cities • Population growth strongest in Saskatoon, Regina Share of Sask Pop Growth 2006 – 2011 (%) 80 70 • 60% of residents now live in cities 60 50 40 • Regina and Saskatoon enroute to cities of around 300,000 or more within a decade 30 20 % Population Growth 2006 - 2011 10 Share of population 0 Rural and Small Urban Sask 8 Urban Centres
  18. 18. Saskatchewan: Largest cities critical to sustaining growth International immigrants tend to locate in the largest cities -1 % population growth to Saskatchewan annually and 2% to Regina and Saskatoon annual population growth Employment growth is in the cities because service industries are predominantly urban-based
  19. 19. Saskatchewan: Saskatoon and Region key to sustain growth • The largest cities and regions have seen the majority of the growth • Larger cities and regions will attract and retain new skilled professionals and professional services • Larger cities and regions will attract value add manufacturing, processing, technologies, services • Larger cities and regions will attract increase immigration
  20. 20. Saskatchewan: There are inhibitors to growth • Such as high housing costs, traffic congestion / infrastructure, the rising cost of living • Housing supply is restricting growth
  21. 21. Saskatchewan: Sustainable growth requires action… • Continued business investment which requires… • Building our capacity related to infrastructure, skilled labour, value added production, cultural industries • Good policy and leadership from governments and institutions • Attitude, regional cooperation and inclusion