AI-Generated Insights & Projections
Automated analysis and 5-year forecasts
Overall Summary
Pictou County demonstrates strong economic fundamentals with a population of 48,300, supporting 15,930 jobs across diverse sectors. The region shows positive growth trends with improving liveability indicators and competitive housing costs. Based on current trajectories, the county is well-positioned for continued economic development and population growth over the next five years.
Key Takeaways
- 1
Population growth of 2.5% over the past 5 years indicates strong regional appeal.
- 2
Diversified employment base across 10 major sectors provides economic resilience.
- 3
Housing market shows steady appreciation while maintaining affordability relative to major centers.
- 4
Strong liveability scores in healthcare, education, and community amenities support quality workforce retention.
- 5
Positive net migration suggests the region is attracting new residents and talent.
Metric-Specific Insights
Investment Opportunity
Pictou County presents a compelling investment opportunity with steady population growth, diverse employment sectors, and competitive housing costs.
Economic Resilience
The region demonstrates strong economic resilience with a diversified employment base across manufacturing, healthcare, retail, and professional services.
Strong Population Growth
Population has grown by 2.5% over the past 5 years, indicating a thriving and expanding community.
Leading Sector Growth
Tourism shows impressive growth of 30.0%, indicating strong economic diversification.
Moderate Price Appreciation
Home prices have seen steady growth of 14.0%, balancing value appreciation with accessibility.
5-Year Projections
Population
Current Value: 48,300
Based on current trends, population is projected to grow to approximately 49,543 by 2030, representing a 0.5% annual growth rate.
| Year | Projected | Confidence |
|---|---|---|
| 2026 | 48,548 | high |
| 2027 | 48,797 | high |
| 2028 | 49,046 | medium |
| 2029 | 49,294 | low |
| 2030 | 49,543 | low |
Key Factors Influencing Projections:
- •Migration patterns and net migration rates
- •Birth rates and demographic transitions
- •Economic opportunities attracting new residents
- •Regional development initiatives
Average Home Price
Current Value: $260,000
Housing prices are projected to increase to approximately $292,531 by 2030, with a projected annual growth rate of 2.8%.
| Year | Projected | Confidence |
|---|---|---|
| 2026 | $266,933 | high |
| 2027 | $273,677 | high |
| 2028 | $280,207 | medium |
| 2029 | $286,499 | low |
| 2030 | $292,531 | low |
Key Factors Influencing Projections:
- •Housing supply and demand dynamics
- •Interest rates and mortgage accessibility
- •Regional economic growth
- •Infrastructure and development projects
Scenario Modeling
Future enhancement: Interactive scenario modeling will allow you to explore "what-if" scenarios:
- • Projected impact of increased immigration
- • Economic effects of new industry development
- • Housing market scenarios based on policy changes
- • Workforce projections under different growth scenarios