Economic Performance in Southwestern Ontario’s CMAs: A National Perspective 2023 Update
— Publié le 30, March, 2023
Summary
- Over the past several years, the Fraser Institute’s Ontario Prosperity Initiative has published several studies analyzing economic developments across various reasons of Ontario.
- This bulletin examines trends surrounding median household income in large metropolitan areas across Canada, with a particular focus on Census Metropolitan Areas in southwestern Ontario.
- The two large CMAs in southwest Ontario that are outside of the Toronto commuter area, London and Windsor, were amongst the worst performers on this important measure of well-being between 2005 and 2019.
- Since the turn of the century, southwestern Ontario has gone from being one of the most prosperous regions in Canada to being in the bottom third on median household income.
- Over this span Windsor went from having the 11th highest median household income in Canada to having the 33rd highest. London fell from 13th to 28th place.
- The region’s economic struggles began prior to the 2008-09 recession and following that severe economic shock its recovery was tepid.
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