Peel's Economic Pulse

Peel’s Economic Pulse provides an ongoing “pulse” of changes in Peel’s economy. It also details what that means for Peel’s residents, businesses, and community.

In 2024, changes in key growth indicators in Peel were mixed. Changes in some indicators were positive reflecting the impact of Peel’s key strategic advantages which continued to make it an attractive destination to newcomers. However, prices and interest rates remained elevated and continued to be a barrier to growth in price sensitive sectors of the economy, such as construction. Reflecting the mixed growth performance, Peel’s GDP, which is the broadest measure of growth, remained relatively flat in 2024. For 2025, uncertainty and unpredictability have increased due to global trade tensions and are likely to negatively impact Peel’s highly trade-oriented economy and constrain growth in the short to medium-term. However, Peel’s long-term growth prospects remain positive.

Download the report: Peel’s Economic Pulse – 2024 Performance and Outlook.

Related resources

Check Peel’s Dashboard of Economic Indicators for the most-recent snapshot of Peel’s economy. This dashboard is updated every 4 months.