Reliance on U.S. Growth

By
Real Estate Broker Owner with Envelope Real Estate Brokerage Inc

Canadians had better start following the growing fears of a double-dip U.S. recession. The health of our economy in Ontario is more closely tied to the overall U.S. economy than most provinces or for that matter, most U.S. states.

If the world's largest economy tanks (U.S.), trade dependent Ontario falls harder than places not as reliant on U.S. growth.

Below is how dependent Ontario, other key U.S. trading partners and other provinces are on the U.S. growth for their own economic growth.

  • Ontario 80.8%
  • Quebec 75.3%
  • Michigan 68.7%
  • Ohio 68%
  • New York 59.1%
  • British Columbia 57.6%
  • Alberta 56.8%
  • Pennsylvania 55.8%

This is pretty worrisome for manufactures and should be for all of us. The sky is not falling, however, buy North American products, vacation in North American and invest in North America!

Posted by

Ty Lacroix Broker of Record & Owner

          

'NOT ALL REALTORS* ARE THE SAME', One call or email to me and you will know why!

Your London and S/W Ontario source for results!

519-435-1600   www.enveloperealestate.com

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Topic:
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Rainmaker
894,344
Brian Madigan
LL.B., Broker
RE/MAX West Realty Inc., Brokerage (Toronto)

Ty,

While that's shocking, it's really not surprising. We have the good fortune of manufacturing and access to a great market.

Brian

August 20, 2010 11:27 PM
Rainmaker
333,351
Ty Lacroix
Envelope Real Estate Brokerage Inc

Brian, we do and should not take it for granted.

Ty

August 21, 2010 07:54 AM
Rainmaker
447,855
Malcolm Johnston
Trenton Real Estate
Century 21 Lanthorn Real Estate LTD., Trenton, Ontario

Ty that is very worrisome that we rely on something that we have absolutely no say in so heavily.

August 21, 2010 09:27 AM
Rainmaker
333,351
Ty Lacroix
Envelope Real Estate Brokerage Inc

Malcolm, that is a great observation and more reason to follow the U.S. economy

Ty

August 21, 2010 09:34 AM
Rainmaker
333,351
Ty Lacroix
Envelope Real Estate Brokerage Inc

John, yes, very few realize how important the market is in the U.S.

Ty

August 23, 2010 02:52 PM
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Ty Lacroix

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Real Estate Broker of Record & Owner