Advocating for YOU, the taxpayer.
Newmarket Taxpayers Advocacy Group Inc.
Newmarket Economic Development
Based on the latest York Region employment survey. Job creation in Aurora has outperformed Newmarket.
Aurora saw an 8% growth in jobs from 2017-18 with Newmarket posting a 3% increase. From 2008-2018 Aurora saw an average annual employment growth of 7%. Newmarket lagged with a 0.7% increase over the same period. Since 1998 the number of jobs in Newmarket has grown by over 11,100. urora has seen 8,000 new jobs since 2008.
East Gwillimbury, starting with a much smaller economic base than Newmarket, saw a 4.3% growth in jobs in 2017-18. This amounted to 233 new jobs. Newmarket's employment growth lagged as a percentage (3%) but generated 1,245 new jobs.
York Region as a whole is an economic powerhouse. The latest review states:
“At 2.4%, employment growth in York Region outpaced national and provincial employed labour force growth between mid-year 2017 and mid-year 2018, of 1.1% and 2% respectively. Over the past five years York Region has grown at an average annual rate of 2.6%, outperforming average growth rates in the national (1%), provincial (1.2%) and GTA (1.6%) economies.”
The real estate sector was the fastest growing sector with an average annual increase of 7.4%, increasing by 10,850 jobs. The educational sector doubled the number of jobs, adding over 19,700 jobs at an average annual increase of 7.3%. Finance and insurance and healthcare and social services added 11,000 and 17,000 new jobs respectively.
* With infomation from Gordon Prentice.