Economy

  1. While agriculture is the main economic driver of the community, the majority of residents are not directly involved in the industry.

  2. Most residents travel to other communities for work so the tax base is primarily residential.

  3. There is a lack of a commercial core in the municipality.

  4. There are limited commercial services within the municipality.

  5. Tourism in the municipality is primarily driven by seasonal residents who have cottage properties.

  6. Tourism isn’t well defined within the municipality.

  1. The post-COVID world may encourage people to undertake work from home in a variety of ways. The Official Plan can encourage such flexibility through policy.

  2. There might be a natural draw for expanded tourism opportunities due to the municipality’s close proximity to the Capital Region, its coastal vistas, and its other iconic island characteristics.

  1. What are the economic priorities for the municipality?

  2. How important is tourism to the local community?

  3. There are few opportunities for tourism accommodation in the municipality. What is the balance to strike between growing tourism opportunities and protecting the local community from unwanted development?

  4. Are short-term rentals an issue here?

  5. Is there adequate infrastructure in the community (e.g., high-speed internet) to support work from home and or growth of home-based businesses as part of a new more flexible economy?

Economical Background Study 

Economy