Enriching Scarborough-Agincourt: Federal Nomination Candidate and Socio-Economic Overview
Join Dr. Kui Wai Li (Charles), Conservative Party of Canada Nomination Candidate, in enriching Scarborough-Agincourt. Explore federal priorities, community features, demographic data, and socio-economic statistics including population trends, housing details, language spoken at home, immigrant demographics, ethnic origin groups, and economic indicators. Engage in the political discourse and economic livelihood initiatives in Agincourt.
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Enriching Scarborough-Agincourt Dr. Kui Wai Li (Charles) Conservative Party of Canada Nomination Candidate Saturday, October 26, 2024, 2 4pm ALL ARE WELCOME 1
Two Tasks Priority on Federal issues: Follow Party policies, federal-level work on policies: budget and debt, immigration, housing, drugs, etc. Focus shall also be given to the economic livelihood in Agincourt. 2
Features of Agincourt Some observed features of Agincourt: i) matured metropolitan, saturated development, aging facilities. ii) North of Finch largely houses, south of Finch many condos. iii) Civic life: diversity in different faith. 3
Socio-Economic Data, 2021 Census Population: 103,690, decreased by 0.5% since 2016. Population density: 48.5%. Median age: 45.2 years (44.4 in 2016). Demographic dependency ratio: 56 / 100 working age people (14% youth, 64% working age, 23% seniors). Dwellings: 38,345 in 2021, increased 4.3% since 2016: Detached house: 29% Row house: 12% Duplex: 4% 5- apartment: 4% Semi detached house: 4% 5+ apartment: 47% 4
Household & family Average household size: 2.7. Average children per family: 1.7. Language spoken at home: English (44%), Non-official (47%), Multiple (9%). Non-official (Cantonese, Mandarin, Tamil, Tagalog, American). 5
Immigrants Immigrants: 66,065 (63.7%). Top 10: China (22.5%), Hong Kong (6.1), Philippines (5.1), India (3.6), Sri Lanka (3.4), Jamaica (1.7), Vietnam (1.4), Syria (1.4), Guyana (1.1), Pakistan (1.1). Category: Economic (48%), Family sponsor (39%), Refugees (17%), Other (3%). 6
Ethnic Origin Groups (Top 10) Chinese 22.3% Filipino 4.8% English 2.5% American 2.2% Irish 2.1% Indian 5.7% Canadian 2.9% Other Asian: 2.4% Tamil 2.2% Others 39.6% 7
Socio-Economic Median annual income: $77,000 (Toronto $84,000). Average monthly shelter cost: $1,358 (Toronto: $1,562). Unemployment rate: 16% (Toronto: 14%) Labor force: Employed: 46%, Unemployed: 9%, Not in Lab: 45%. 8
Employment Low-income total population: 15% (Toronto 13%) Low-income youth and seniors: 7.3% (Toronto 5.2%) Education: Post-sec: 55%, High school: 27%, No high school: 19%. 9
Property Price: For sale (Source: Realosophy) In August 2024, the median sales price for Agincourt, Scarborough, Toronto is $650,000 based on 31 sales, with the majority in the $500K - $750K sales price range. Condos, accounting for 53% of sales, detached houses at 34%, semi-detached houses at 11%. The majority of properties have 3 bedrooms. 10
Rentals in Agincourt In August 2024, the median rent price is $2,600 based on 72 rentals, with majority in the $2,000 - $2,500 rental price range. Condos, accounting for 84% of rentals, detached houses at 12%, semi-detached houses at 3%. The majority of properties have 1 bedroom. 12
Rentals 13
Existing Development Plans Agincourt Mall Redevelopment: Planned community. Agincourt Secondary Plan: land and transport development. Urban Toronto: over 1,000 units proposed at Shepperd & Midland. Vacant lands & lots for sale. 14
Other needed economic data: Banking Assets & liability Saving & investment per capita Foreign remittance and inflow of funds Data on mortgages. 15
5 Investment categories Property investment: terminal investment, no additional output. High-tech industries: may not suit a matured region, lacks land. Labor-intensive manufacturing, supply-chain, food processing. Personal services: family-related, beauty, seasonal, business service. Trading: exports and imports, communications, logistics. 16
Light Manufacture Center Features: limited land, productivity, environment friendly. Labor: new immigrants, youths, semi-retired Human capital: talents, designs, creativity Attract Funds: U.S., enterprising migrants, within Canada 17
Examples of Light Manufactures Supply-chain products: medical related, infant related Souvenirs: Canadian souvenirs are made elsewhere, time to Bring It Home . Household products: designs aimed at convenience, festive products (artifacts and food). 18
Institutional Factors Coordinate: Ottawa, Province, City of Toronto, municipalities. Liaise with business associations, banks, media, advertising. Establish: Investors Association of Agincourt (IAA), focus on investment potentials, produce and disseminate information. Mediation: investors, businesses, professionals and authorities. 19
Unfavorable Factors Government bureaucracy High tax & high cost & unions Lacking suitable human capital Need market promotion 20
Long-term Revitalized Outcomes High employment Rising income Socio-stability: lower crimes High home ownership 21
Conclusion Post-pandemic opportunity Revitalizing the economy of Agincourt Focus on light manufacturing: Made In Canada First, aim at local market, can export later. 22
My Nomination Nominate me in the forthcoming Nomination Meeting. Only party members can vote. Need new members joining the Conservative Party of Canada. Ask your families, relatives, friends, neighbors, colleagues to join. Feel free to contact me and let me have your suggestions. 23
