Downturn in Ontario Economy

Only available on StudyMode
  • Download(s) : 183
  • Published : November 9, 2012
Open Document
Text Preview
Chidera Egbukwu
Mr. Bodden
10 September 2012

Downturn in Ontario Economy
The city of Ontario has become a place of interest due to the economical issue of financial inequality, non-affordable houses, poorest funding of public services among all other provinces. In response to the economic downturn of the Ontario economy due to the excesses of debt run, the world of the Ontario economies is approaching a new era, which is very negative.

With a population of more than thirteen million (13,000,000 >), which is 38.8% of Canada, Ontario is home to one in three Canadians. More than 15 percent live in urban Centre’s, largely in cities on the shores of the great lakes. Regardless of the size of Ontario, it is ranked at the bottom of the province pack inclusive of: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec, and Saskatchewan. When it comes to funding and access to public programs and services ranging from health care to education and justice to disability benefits. The income gap between rich in Ontario is very high with the provinces poor and middle classes (grassroots citizens) working more hours with inconsequential income gains while the richest still gain more huge income with less experience in hard work, in other words no matter how hard the poor/middle class work they cant earn as much or even 10 percent as much as the rich. Ontario also has the worst record on affordable housing, with 152,077 Ontario households on wait lists in January 2011, the report says. In 2009, Ontario spent $64 per person on affordable housing compared to the provincial average of $115 per person. The poor still can’t even afford the houses that range from prices as high as C$292,500, which happens to be the cheapest price for a house in Ontario.

From 1981 to 2010,Ontario experienced the largest income inequality of any of the eleven provinces at the same time...
tracking img