2020 has been a year of change!
Changes that have affected all aspects of our lives. Socially, mentally, physically and financially.
Changes:
Percentage of people who will continue working
from home?
Feb
2020 May 2020 Aug 2020
Canada 5.9% 14.4% 6.2%
Alberta 4% 12% 3.5%
-
The trend shows that some will
continue to work from home, or at least work part of the time from home. 25.2%
of businesses indicated that they would offer more employees the possibility of
working remotely once the Pandemic is over.
14.3% are likely to require it.
Length of time to return to Pre Covid
operations
Less
than 1 week 3-4 months 6 months or more
Canada 41.5% 3.5% 7.1%
Alberta 36.7% 4% 9%
Percentage
of workers laid off due to COVID
0-1% 50-60% 100%
Canada 59.5% 4.1% 10.6%
Alberta 58.2% 4.5% 9.1%
-
29.9% of businesses reported reducing staff
hours or shifts, while 28.4% laid off staff
Level of impact (decrease) for demand of
products/services
None Low Med High
Canada 9.4% 8.2% 16.1% 64.8%
Alberta 7.8% 7.7% 15% 68%
-
In May retail sales dropped to
-31% but by June have rebounded to 3.8%...there is light at the end of the
tunnel!
The potential for Vaccines, etc will reduce
COVID but things will always be different.
Just like a storm passing through and causing
havoc, the damage can be repaired but the neighbourhood
will never be the same.
Take a look at New Orleans. After all these years, there are still areas
that have not been rebuilt or recovered. But other areas have come back strong!
New updated buildings and businesses have created a better neighbourhood!
Recovery will be slow, but we will come back
better and stronger. We will have worked
together to recreate our neighbourhood, and change will happen..
