This is the second of a two-part post. To read Part 1, click here.
In Ottawa, the city’s two huge industries, the federal government and development, are likely to be under pressure in the future.
Because of the general malaise in the Canadian economy, the federal government is will collect less revenue all the while the elderly baby boomers suck more and more government resources. That means a smaller federal government and a diminished local economy.
As well, the baby boomers drove up skyrocketing prices in homes over their lives and when they left those homes, boomers purchased condos thereby spurring their skyrocketing growth.